I appreciate the companies in my portfolio that don’t say much. They just do their work, and don’t advertise it.
There is a bias among promotional companies, that one must promote the company in every press release. I disagree.
Khrom Capital was up 32.5% gross and 24.5% net for the first quarter, outperforming the Russell 2000's 21.2% gain and the S&P 500's 6.2% increase. The fund has an annualized return of 21.6% gross and 16.5% net since inception. The total gross return since inception is 1,194%. Q1 2021 hedge fund letters, conferences and more Read More
Just be honest. If you don’t have anything significant to say, don’t say it. Spend your time on growing the business, rather than advertising accomplishments.
Truth: I would prefer that companies simply issue a 10-Q or 10-K, and do not hold a conference call for analysts. Just give us the data, and let us analyze it.
Let the analysts do their work, and don’t answer their phone calls. Create a genuine level playing field where no one gets to talk with management unless everyone is invited to listen.
I realize this is radical, but I am trying to be genuinely fair, which does not happen often on Wall Street.
By David Merkel, CFA of alephblog.com