BMI

The “Luck” and “Randomness” of Index Funds

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Please select the image below to download the document. Image shown, page 1 of 14. Tickerized for Valuentum’s coverage universe.

Video: Quants! You’re NOT Measuring VALUE and Nelson’s Theory of Universal Value

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President of Investment Research Brian Nelson defines the concept of universal value and shows how quantitative statistical methods are inextricably linked to those of fundamental, financial, business-model related analysis. Value does not exist in respective process vacuums! Value is universal. Find out why. Running time: ~10 minutes.  Tickerized for Valuentum’s stock and ETF coverage universe. Transcript Hi this is Brian Nelson from Valuentum Securities, and this is the tenth edition of a series that I call “Off the Cuff,” where I get in front of the camera and I talk for ten minutes. This is what we have to talk about today. We have to talk about this concept: The Theory of Universal Value. Value does not exist in vacuums … Read more

Dividend Increases/Decreases for the Week Ending August 11

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Below we provide a list of firms that raised/lowered their dividends during the week ending August 11. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Badger Meter (BMI): now $0.13 per share quarterly dividend, was $0.115. Black Stone Minerals (BSM): now $0.3125 per share quarterly dividend, was $0.2875. Buckeye Partners (BPL): now $1.2625 per share quarterly dividend, was $1.25. CAE (CAE): now CAD 0.09 per share quarterly dividend, was CAD 0.08. Carlisle (CSL): now $0.37 per share quarterly dividend, was $0.35. Carlyle (CG): now $0.42 per share quarterly dividend, was $0.10. … Read more

Valuentum’s 3 Breakthroughs in the Field of Finance and More

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Valuentum’s President Brian Nelson pauses for a picture before speaking at the CFA Society of Houston in March 2017. By Valuentum Editorial Staff Let’s cover Valuentum’s 3 major breakthroughs in the field of finance. The first one is big and may challenge you to rethink everything you think you know about investing. 1. On a logical framework, Valuentum has debunked John C. Bogle’s landmark syllogism that has paved the way for the concept of index investing. Index investing has been built on a logical shortcoming, whether supported by evidence or not. We think it is important that the investment community know of this. Read (pdf): The “Luck” and “Randomness” of Index Funds (2018), Brian Nelson, CFA See video documentation: /FALLACY_of_Index_Funds To … Read more

Dividend Increases/Decreases for the Week Ending August 12

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Below we provide a list of firms that raised/lowered their dividends during the week ending August 12. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Altrion (ATRI): now $1.05 per share quarterly dividend, was $0.90. Ares Management (ARES): now $0.28 per share quarterly dividend, was $0.15. Badger Meter (BMI): now $0.23 per share quarterly dividend, was $0.20. (pre-split) Black Stone Minerals (BSM): now $0.2875 per share quarterly dividend, was $0.2625. Broadridge Financial Solutions (BR): now $0.33 per share quarterly dividend, was $0.30. CAE (CAE): now C$0.08 per share quarterly dividend, was … Read more

Industrials Empty Tool Box Amid Tough Operating Environment

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By Kris Rosemann How far we have come from the financial abyss! The US economy is now more than seven years removed from the credit crisis that sent shockwaves through the global financial system in the latter years of the past decade. In the fourth quarter of 2008, for example, real GDP in the US tumbled more than 8%, a figure not witnessed since the double-dip recession of the 1980s, and perhaps not surpassed since the time of the Great Depression. During the Financial Crisis of 2008-2009, many industrial entities, particularly those with finance subsidiaries faced dwindling credit health, and several including General Electric (GE) and Harley-Davidson (HOG) cut their dividends to shareholders. Others such as General Motors (GM) even … Read more

Dividend Increases/Decreases for the Week Ending August 14

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Below we provide a list of firms that raised their dividends during the week ending August 14. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Avnet (AVT): now $0.17 per share quarterly dividend, was $0.16. Badger Meter (BMI): now $0.20 per share quarterly dividend, was $0.19. Briggs & Stratton (BGG): now $0.135 per share quarterly dividend, was $0.125. Delta Natural Gas Company (DGAS): now $0.205 per share quarterly dividend, was $0.20. Diversified Royalty (BEVFF): now $0.01667 per share monthly dividend, was $0.0157. G&K Services (GK): now $0.37 per share quarterly dividend, … Read more

Dividend Increases for the Week Ending August 8

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Below we provide a list of firms that raised their dividends during the week ending August 8. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Alon (ALJ): now $0.10 per share quarterly dividend, was $0.06. Aqua America (WTR): now $0.165 per share quarterly dividend, was $0.152. Arsenal Energy (AEYIF): now $0.07 per share quarterly dividend, was $0.065. Avnet (AVT): now $0.16 per share quarterly dividend, was $0.15. Badger Meter (BMI): now $0.19 per share quarterly dividend, was $0.18. Bank of America (BAC): now $0.05 per share quarterly dividend, was $0.01. Carlisle … Read more

Valuentum Economic Castleâ„¢ Rating Update

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Read: Keeping the Horse Before the Cart: Valuentum’s Economic Castle™ Rating The Economic Castle Focuses on the Magnitude of Economic Value Creation The Valuentum Economic Castle™ rating is an enhancement of the competitive advantage framework (commonly known as economic moat analysis) that has become widespread and ubiquitous within the investing world. Whereas an economic moat framework evaluates a firm on the basis of the sustainability and durability of its competitive advantages, Valuentum’s Economic Castle™ rating evaluates a firm on the basis of the firm’s future economic profit spread (return on invested capital less its weighted average cost of capital). The companies with the strongest Valuentum Economic Castle™ ratings are poised to generate the most economic value for shareholders in the … Read more

I’d rather lose half of my clients than lose half of my clients’ money.

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“I’d rather lose half of my clients than lose half of my clients’ money.” – Jean-Marie Eveillard (First Eagle Global) Josh Brown, who runs the blog The Reformed Broker, wrote an excellent piece today on how irrational clients and customers can bring down even the best of money managers. We think it’s a very informative read. Pasted below is an excerpt from the intro, accompanied by the list of the top 25 most overvalued stocks on the market today on the basis of our research. There is a link to continue reading the piece from Josh at the bottom of the table, too.  Something tells me there are some serious blow-ups on the horizon for professional managers. I feel this … Read more