2Q 2019 Quarterly Letter – New Buy Ideas
12th of July, 2019 Dear Clients and Friends, The S&P 500 Index recorded a 4.5% gain in the second quarter. Such strength is attributed to the Federal Reserve shifting their tone from “gradual tightening” to “patient” regarding interest rates. In other words, investors went from fearing rising rates to excited about lower rates. Low […]Read More…
1Q 2019 Quarterly Letter – Amazon is a “Value” Stock
11th of April, 2019 Dear Clients and Friends, The S&P 500 Index recorded a 13% gain in the first quarter, the best start to a year since 1998. Many attributed the gains to the Federal Reserve pivoting from raising interest rates to stopping or potentially even lowering interest rates in the coming year. We […]Read More…
4Q 2018 Quarterly Letter – Market Correction = Opportunity
15th of January 2019 Dear Clients and Friends, Former heavyweight boxing champion Mike Tyson famously said, “Everybody has a plan until they get punched in the mouth.” In the fourth quarter, equities stunned investors with the S&P 500, Russell 2000, and NASDAQ indices falling 13.5%, 20.2%, and 17.5% respectively. While we were aware that valuations […]Read More…
3Q 2018 Quarterly Letter – Quick Update
9th of October, 2018 Dear Clients & Friends, There have been some big changes recently here at Eidelman Virant Capital. We moved offices and are now located in Suite 600 in the same 8000 Maryland building in the heart of Clayton, MO. We are also pleased to introduce Abbi Marks as the newest member […]Read More…
2Q 2018 Quarterly Letter – Trade Wars & Investor Frequently Asked Questions
U.S. stock market indices climbed higher in the 2nd quarter with the S&P 500 rising 3.4%. U.S. markets advanced despite President Trump initiating $34 billion of tariffs on Chinese goods, stoking fears of a trade war. While U.S. stocks advanced, the Chinese Shanghai Stock Exchange Index fell 10.2%. Are trade wars cause for concern? Why […]Read More…
EVC Value Select Receives Lipper Top 20 Money Manager Ranking – 06/30/18
Lipper Rankings – 06/30/18Read More…
1Q 2018 Quarterly Letter – Higher Volatility Provides Opportunity
Despite politician shenanigans, we are optimistic about our investment portfolios. President Trump’s imposed steel tariffs concerned investors that a he may instigate a bigger trade war with China. While we are inclined to view his actions as more bark than bite, we are comforted by the fact that we own mostly smaller domestic companies as […]Read More…
EVC Value Select Receives Lipper Top 20 Money Manager Ranking – 03/31/18
Lipper Rankings – 03/31/18Read More…
4Q 2017 Quarterly Letter – America’s Greatest Export
2017 was an extraordinary year in the financial markets. For the first time on record, the S&P 500 Index delivered a positive gain in every month of the year. The S&P 500 and Russell 2000 indices finished the year up 22% and 13% respectively, while also experiencing the lowest level of volatility in history with […]Read More…
EVC Value Select Receives Lipper Top 20 Money Manager Ranking – 12/31/17
Lipper Rankings – 12/31/17Read More…
Remembering Joey – Fox 2 News Covers 7th Annual Joey Eidelman Memorial Blood Drive
Watch Story: Couple turns the loss of a child into the gift of life for others ST. LOUIS -A local couple has turned the loss of their child into an annual, life-saving event. Joey Eidelman passed away in 2011. “He passed away unexpectedly during a nap when he was a 15 ½ months,” said Tom Eidelman, […]Read More…
3Q 2017 Quarterly Letter – Low Interest Rates Drive Stocks Higher
The S&P 500 and Russell 2000 Indices made new highs in the third quarter, gaining roughly 4.5% and 5.7% respectively. The gains were widely attributed to renewed optimism regarding tax reform. According to Ned Davis Research, the proposed change to a 20% corporate tax rate would lead to a 7.2% jump in after-tax earnings on […]Read More…
2Q 2017 Quarterly Letter – The Passive Problem & Our Active Solution
The S&P 500 and Russell 2000 Indices continued their ascent, gaining roughly 9.3% and 5.0% respectively through the first half of the year. Despite larger “growth” oriented stocks being the star performers (+14% vs. smaller “value” stocks +0.5%), our portfolios performed well. We benefited from continued appreciation in community bank stocks as well as mostly […]Read More…
1Q 2017 Quarterly Letter – The Trump Rally Continues
The S&P 500 and Russell 2000 Indices gained 6.1% and 2.5% respectively in the first quarter of 2017, continuing the upward momentum from last year. Though President Trump’s flurry of executive orders, Congress’s failure to repeal and replace Obamacare, the Fed’s third interest rate hike, and the recent U.S. military strike in Syria caused uncertainty […]Read More…
4Q 2016 Quarterly Letter – Year-End Update and New Investment Ideas
After one of the worst starts in history, the S&P 500 rallied to end the year up 11.9% in 2016. Stocks jumped after the election on the expectation that President-elect Donald Trump will quickly enact a growth-oriented economic agenda, including tax cuts, regulatory relief, and economic stimulus. Some investors believe these policies will result in […]Read More…
3Q 2016 Quarterly Letter – Should I Wait Until After the Election to Invest?
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1Q 2016 Quarterly Letter – A Quick Market Update and Potential Opportunity in Energy Bonds
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4Q 2015 Quarterly Letter – It Pays to Invest in the Best Management Cultures
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3Q 2015 Quarterly Letter – Still Positive on Banks, but Cautious on Oil
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1Q 2015 Quarterly Letter – The Superinvestors of Graham and Doddsville
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4Q 2014 Quarterly Letter – 2015 Market Outlook and Frequently Asked Questions (FAQ)
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2Q 2013 Quarterly Letter – Will Rising Interest Rates Kill the Bull Market
2Q 2013 Quarterly LetterRead More…
CFA Society of St. Louis Interview with David Eidelman
David Eidelman Interview – CFA Society of St. LouisRead More…
2Q 2011 Quarterly Letter – Pitfalls of the Asset Allocation Model
2Q 2011 Quarterly LetterRead More…
1Q 2011 Quarterly Letter – Where We See Value – An Update on Themes
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4Q 2010 Quarterly Letter – Stan the Man & Community Bank Investing
4Q 2010 Quarterly LetterRead More…
Endgame? – Value Investor Insight interview with Tom Eidelman on GameStop (GME)
Tom Eidelman Interview – Value Investor InsightRead More…
3Q 2019 Quarterly Letter – Frequently Asked Questions (FAQ)
16th of October 2019 Dear Clients and Friends, In this letter, I’m going to answer the most common questions we are getting, including our thoughts on a potential U.S. recession, impeachment inquiry, trade wars, Trump’s effect on the market, the upcoming 2020 U.S. Presidential election, and marijuana stocks. While we evaluate the ramification of these […]Read More…