White paper ashford capital - capturing the small cap effect (2)Cliff Short III
The document discusses small cap stocks and Ashford Capital Management's approach to capturing the "small cap effect" of higher returns. Some key points:
- Studies show small cap stocks have historically outperformed on a risk-adjusted basis. However, stocks must meet criteria like strong balance sheets and earnings to benefit.
- Ashford Capital has focused on small caps since 1979, selecting companies meeting these criteria to try to benefit from higher returns.
- They search for undervalued, misunderstood companies with growth potential. While acquisitions can benefit returns, the primary focus is on supporting organic growth, not "buyout bait."
- A case study describes a biopharmaceutical company meeting criteria that was purchased
The document contains several advertisements and articles from a local newspaper. The main articles summarize that:
1) Work will begin next year to replace the century-old Highbury Corner road bridge that sees 25,000 vehicles pass daily.
2) Scenes from the new Paddington Bear movie were filmed on a street and hat shop in Islington, with the bear feeling lost in London without a home in one scene shot in Rosebery Avenue.
3) The popular children's book character Paddington Bear has now been featured in a new film that opened last month.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
White paper ashford capital - capturing the small cap effect (2)Cliff Short III
The document discusses small cap stocks and Ashford Capital Management's approach to capturing the "small cap effect" of higher returns. Some key points:
- Studies show small cap stocks have historically outperformed on a risk-adjusted basis. However, stocks must meet criteria like strong balance sheets and earnings to benefit.
- Ashford Capital has focused on small caps since 1979, selecting companies meeting these criteria to try to benefit from higher returns.
- They search for undervalued, misunderstood companies with growth potential. While acquisitions can benefit returns, the primary focus is on supporting organic growth, not "buyout bait."
- A case study describes a biopharmaceutical company meeting criteria that was purchased
The document contains several advertisements and articles from a local newspaper. The main articles summarize that:
1) Work will begin next year to replace the century-old Highbury Corner road bridge that sees 25,000 vehicles pass daily.
2) Scenes from the new Paddington Bear movie were filmed on a street and hat shop in Islington, with the bear feeling lost in London without a home in one scene shot in Rosebery Avenue.
3) The popular children's book character Paddington Bear has now been featured in a new film that opened last month.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document describes the packaging design for the album "Candles" by the artist Daughter. The front cover features a minimalist design with light motifs representing the album's theme. Inside are panels with pictures continuing the light and winter themes, including photos from the music video shoot. The packaging holds the CD securely and includes a lyric booklet and special thanks from the band.
The document describes the packaging design for the album "Candles" by the artist Daughter. The front cover features a minimalist design with light motifs representing the album's theme. Inside are panels with pictures continuing the light and winter themes, including photos from the music video shoot. The packaging holds the CD securely and includes a lyric booklet and special thanks from the band.
This document provides contact information for the Tourism Product Promotion Department of the Tourism Authority of Thailand, including their address in Bangkok, phone and fax numbers, email address, and website. It aims to promote travel destinations in Thailand by sharing their contact details for tourism inquiries.
El documento habla sobre la visita de los Reyes Magos a Jesús recién nacido. Describe cómo tres hombres siguieron una estrella especial hasta Belén para encontrar y rendirle tributo al nuevo Rey de los judíos, dándole oro, incienso y mirra. También expresa el deseo del autor de que los Reyes Magos visiten a los niños en la noche, traído regalos y alegría como lo hicieron con Jesús.
Este documento narra la historia de los Reyes Magos visitando a cinco niños la noche de Reyes. Los niños dejaron sus zapatos esperando regalos. Sin embargo, los Reyes Magos notaron que faltaba un par de zapatos, perteneciente al niño más pequeño. Los Reyes buscaron en su saco mágico y encontraron un par de zapatos nuevos para el niño, dejándolos junto a los demás como regalo. Luego desaparecieron misteriosamente como habían llegado.
The document describes the packaging design for the album "Candles" by the artist Daughter. The front cover features a minimalist design with light motifs representing the album's theme. Inside are panels with pictures continuing the light and winter themes, including photos from the music video shoot. The packaging holds the CD securely and includes a lyric booklet and special thanks from the band.
The document describes the packaging design for the album "Candles" by the artist Daughter. The front cover features a minimalist design with light motifs representing the album's theme. Inside are panels with pictures continuing the light and winter themes, including photos from the music video shoot. The packaging holds the CD securely and includes a lyric booklet and special thanks from the band.
This document provides contact information for the Tourism Product Promotion Department of the Tourism Authority of Thailand, including their address in Bangkok, phone and fax numbers, email address, and website. It aims to promote travel destinations in Thailand by sharing their contact details for tourism inquiries.
El documento habla sobre la visita de los Reyes Magos a Jesús recién nacido. Describe cómo tres hombres siguieron una estrella especial hasta Belén para encontrar y rendirle tributo al nuevo Rey de los judíos, dándole oro, incienso y mirra. También expresa el deseo del autor de que los Reyes Magos visiten a los niños en la noche, traído regalos y alegría como lo hicieron con Jesús.
Este documento narra la historia de los Reyes Magos visitando a cinco niños la noche de Reyes. Los niños dejaron sus zapatos esperando regalos. Sin embargo, los Reyes Magos notaron que faltaba un par de zapatos, perteneciente al niño más pequeño. Los Reyes buscaron en su saco mágico y encontraron un par de zapatos nuevos para el niño, dejándolos junto a los demás como regalo. Luego desaparecieron misteriosamente como habían llegado.