Sam Stewart, Spencer Stewart, Josh Stewart and Wes Golby of Seven Canyons Advisors describe to Value Investor Insight the profile of the “world innovators” they want to own, why such companies can be mispriced, where in the world they’re finding incremental opportunity, and why they see upside in Sarana Menara Nusantara, Photo-Me, Game Digital, Sony and Walt Disney.
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Listen to Sam Stewart’s November 14, 2018 interview on Money Life with Chuck Jaffe Daily Podcast
Dear Fellow Shareholders:
For many years, I have written quarterly economic comments as Chairman of Wasatch Advisors. Recently I left Wasatch to help start up a new firm, Seven Canyons Advisors, with my two sons, Josh and Spence, my son-in-law Eric Moessing and Wes Golby.
Click here to listen to Sam Stewart’s recent interview on Money Life with Chuck Jaffe Daily Podcast
In my March letter to World Innovators Fund and Strategic Income Fund shareholders, I suggested the possibility that the economy may be undergoing a regime change–a term used by economists to denote a shift in the behavior of the economy. For the past 5 years, we have enjoyed a “good news, good news” economy. Rising growth rates led to declining unemployment rates. The stock market has been buoyant, almost doubling.