Forward View is reiterating our Hold rating on Big 5 Sporting Goods (NASDAQ: BGFV). Our target price is being raised to $11 per share.
We do suggest that income-oriented investors consider this stock. Why?
Copy and paste the following link to access the full Big 5 Sporting Goods research report: https://www.hvst.com/private-networks/nathan-yates/posts/67533-big-5-sporting-goods-competition-waning?utm_campaign=notification&utm_source=sendgrid&utm_medium=email
Gregg S. Fisher takes a deeper dive into the concept of human capital and investing with specific examples based on hypothetical investors in several fields of work.
Are you more like a stock or a bond? Gregg S. Fisher discusses the importance of thinking about the characteristics of your income stream (is it stable, or more volatile, e.g.?) in relation to your investment portfolio.
Gregg S. Fisher takes investors beyond stocks and bonds to explore other asset classes that can play a meaningful role in a well-diversified portfolio.
“Investors often think they are thinking when they are actually feeling.” This is one of the insights Gregg S. Fisher shares in discussing how investor behavioral and emotional biases often drive sub-optimal buy and sell decisions.
Gregg S. Fisher explores the universe of bonds through the lens of risk and uses this to frame an overview of Gerstein Fisher's bond strategy, including how fixed income investments relate to and complement the overall portfolio.
Research on Global Investing vs. US-only InvestingGerstein Fisher
Does global diversification still make sense? Gregg S. Fisher shares Gerstein Fisher’s research on historical return differentials between US-only and global investment strategies.
Gregg S. Fisher takes a deeper dive into the concept of human capital and investing with specific examples based on hypothetical investors in several fields of work.
Are you more like a stock or a bond? Gregg S. Fisher discusses the importance of thinking about the characteristics of your income stream (is it stable, or more volatile, e.g.?) in relation to your investment portfolio.
Gregg S. Fisher takes investors beyond stocks and bonds to explore other asset classes that can play a meaningful role in a well-diversified portfolio.
“Investors often think they are thinking when they are actually feeling.” This is one of the insights Gregg S. Fisher shares in discussing how investor behavioral and emotional biases often drive sub-optimal buy and sell decisions.
Gregg S. Fisher explores the universe of bonds through the lens of risk and uses this to frame an overview of Gerstein Fisher's bond strategy, including how fixed income investments relate to and complement the overall portfolio.
Research on Global Investing vs. US-only InvestingGerstein Fisher
Does global diversification still make sense? Gregg S. Fisher shares Gerstein Fisher’s research on historical return differentials between US-only and global investment strategies.
Active tax management is essential to maximizing investors’ bottom-line results, yet too many investors overlook this important exercise. Gregg S. Fisher explains how investors can integrate tax considerations into their investing strategy.
Gregg S. Fisher explains how adding low-correlated assets to a portfolio, even if “risky” on a standalone basis (where risk is measured by standard deviation), can enhance the overall portfolio risk/return profile.
What is the proper role of bonds in an investor’s overall portfolio? Gregg S. Fisher offers Gerstein Fisher’s answer to this question and discusses the firm’s overall fixed income approach and objective.
There’s no better time to start saving and investing for tomorrow than today. CIO Gregg S. Fisher discusses how no amount is too small to get started. Particularly for younger investors, time is on your side.
Inflation can be one of the greatest long-term “wealth hazards” to a portfolio. Gregg S. Fisher explains why this is so—and what investors can do about it.
Maintaining the Purchasing Power of PortfoliosGerstein Fisher
What asset classes might investors consider when building portfolios to withstand the long-term effects of rising prices? Gregg S. Fisher provides some examples.
Gregg S. Fisher explains some of the reasons for investing globally. When investors expand their horizons and invest outside their home country, they capture a broader opportunity set. Sometimes, “more is more.”
Do you know your net worth? Creating a net worth statement is a fairly straightforward exercise. In this segment, Chief Investment Officer Gregg S. Fisher talks about how to construct one and why it’s important to your financial health.
Proactive tax-loss harvesting is a year-round endeavor aimed at minimizing an investor’s overall tax liability. Gregg S. Fisher explains how it’s done at Gerstein Fisher, and why.
Gregg S. Fisher talks portfolio construction from a macro standpoint, highlighting the importance of putting broad asset class decisions ahead of micro-level ones such as which security to purchase.
Gregg S. Fisher explains the concept of momentum in investing, including behavioral explanations for why it exists and Gerstein Fisher research findings on the negative impact of “chasing performance” on investor returns.
Gregg S. Fisher explains the investment rationale for including exposures to less developed countries within a globally diversified portfolio, while being mindful of their distinct risks.
Gregg S. Fisher speaks about the importance of including global real estate investment trusts (REITs) in a diversified portfolio. Most investors are under-allocated to this growing asset class, Gregg explains, and particularly to real estate outside the United States.
CIO Gregg Fisher discusses a phenomenon called the "wealth effect," in which people feel safest and tend to save the least when the economy is doing well.
Gregg S. Fisher discusses the diversification effect, including an explanation of correlation and the rationale behind combining assets with low cross-correlations in a portfolio.
Often overlooked, human capital is one of the most valuable assets many investors possess. Gregg S. Fisher explains what human capital is and why it’s important to factor it into one’s investment strategy.
Active tax management is essential to maximizing investors’ bottom-line results, yet too many investors overlook this important exercise. Gregg S. Fisher explains how investors can integrate tax considerations into their investing strategy.
Gregg S. Fisher explains how adding low-correlated assets to a portfolio, even if “risky” on a standalone basis (where risk is measured by standard deviation), can enhance the overall portfolio risk/return profile.
What is the proper role of bonds in an investor’s overall portfolio? Gregg S. Fisher offers Gerstein Fisher’s answer to this question and discusses the firm’s overall fixed income approach and objective.
There’s no better time to start saving and investing for tomorrow than today. CIO Gregg S. Fisher discusses how no amount is too small to get started. Particularly for younger investors, time is on your side.
Inflation can be one of the greatest long-term “wealth hazards” to a portfolio. Gregg S. Fisher explains why this is so—and what investors can do about it.
Maintaining the Purchasing Power of PortfoliosGerstein Fisher
What asset classes might investors consider when building portfolios to withstand the long-term effects of rising prices? Gregg S. Fisher provides some examples.
Gregg S. Fisher explains some of the reasons for investing globally. When investors expand their horizons and invest outside their home country, they capture a broader opportunity set. Sometimes, “more is more.”
Do you know your net worth? Creating a net worth statement is a fairly straightforward exercise. In this segment, Chief Investment Officer Gregg S. Fisher talks about how to construct one and why it’s important to your financial health.
Proactive tax-loss harvesting is a year-round endeavor aimed at minimizing an investor’s overall tax liability. Gregg S. Fisher explains how it’s done at Gerstein Fisher, and why.
Gregg S. Fisher talks portfolio construction from a macro standpoint, highlighting the importance of putting broad asset class decisions ahead of micro-level ones such as which security to purchase.
Gregg S. Fisher explains the concept of momentum in investing, including behavioral explanations for why it exists and Gerstein Fisher research findings on the negative impact of “chasing performance” on investor returns.
Gregg S. Fisher explains the investment rationale for including exposures to less developed countries within a globally diversified portfolio, while being mindful of their distinct risks.
Gregg S. Fisher speaks about the importance of including global real estate investment trusts (REITs) in a diversified portfolio. Most investors are under-allocated to this growing asset class, Gregg explains, and particularly to real estate outside the United States.
CIO Gregg Fisher discusses a phenomenon called the "wealth effect," in which people feel safest and tend to save the least when the economy is doing well.
Gregg S. Fisher discusses the diversification effect, including an explanation of correlation and the rationale behind combining assets with low cross-correlations in a portfolio.
Often overlooked, human capital is one of the most valuable assets many investors possess. Gregg S. Fisher explains what human capital is and why it’s important to factor it into one’s investment strategy.
Our $14.50 price target and Buy rating are reiterated. Learn more about our Sporting Goods Monitor equity research service at http://www.sportinggoodsmonitor.com/.
MarineMax (NYSE: HZO) is building steam while West Marine
(NASDAQ: WMAR) is stuck at anchor. To learn more about Forward View equity research, visit http://www.sportinggoodsmonitor.com/
With the pressure on auto manufacturers to trim CO2 emission, electric vehicle stocks have seen a great improvement. Check out the Top EV stocks that will provide investors an exposure to the sector.
20130417 - Winged Foot Capital - How to diligence a quant strategy_d2.pdf
Big 5 Sporting Goods Competition Waning
1. Big 5 Sporting Goods:
Competition Waning
http://bit.ly/SportingGoodsMonitor
2. Forward View is reiterating our Hold rating on Big 5 Sporting Goods
(NASDAQ: BGFV). Our target price is being raised to $11 per share.
We do suggest that income-oriented investors consider this stock.
Why?
Click here to access the full Big 5 Sporting Goods research report.
One-Year Stock Price Chart
Big 5 Sporting Goods:
Competition Waning
Big 5 Sporting
Goods | BGFV
August 3, 2016
Nathan Yates, M.S.F.
Director of Research
nathan@forwardviewconsulting.com
4. 3
Disclaimers & Disclosures
Analyst Certification: I, Nathan Yates, certify that the views expressed in this publication accurately reflect my personal views about
the subject companies and their securities. I also certify that I have not, am not, and will not be compensated directly or indirectly in
exchange for expressing any specific recommendation in this report.
Required Disclosures: Nathan Yates may or may not own long or short positions in securities mentioned in this report. As a matter of
principal and ethics, he will not trade for three days in any security to be mentioned in any report. Occasionally, the time gap between
a personal trade and an unanticipated event may be less. There is no known affiliate ownership in subject companies of this report.
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target prices and conclusions. Certain risks to our ratings, target prices and ultimate investment conclusions exist which include,
without limitation, a company’s failure to achieve financial results, product risk, regulatory risk, general market conditions and
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Disclaimer: Material provided in this publication is for educational purposes only, and was prepared from sources and data believed
to be reliable, but we do not guarantee its accuracy or completeness. We cannot and do not guarantee the adequacy, accuracy or
completeness of this information or the suitability or profitability of any particular investment. This publication does not consider the
specific investment objectives, financial situation, or particular needs of any specific person or business, or any investment laws and
regulations, regulatory capital requirements, or other restriction applicable to investments by certain institutional investors.
Accordingly, you are responsible for your own investment research and decisions, and should seek the advice of a qualified fiduciary,
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Recommendation Expected Return
Buy Shares are expected to deliver alpha
Hold Shares are expected to match the market's risk-adjusted return
Sell Shares are expected to underperform the market