First Wilshire Featured in Value Investor Insight
Speaking to Value Investor Insight, First Wilshire Securities CEO and Portfolio Manager Scott Hood exemplified the firm’s intensive research process to support the investment case for Northwest Pipe Co., the country’s largest manufacturer of steel pipes for water infrastructure systems. Rather than focus on cyclical tailwinds, Scott pointed to the company’s fundamentals – a 33% […]
First Wilshire Profiled in CityWire USA’s ‘Boutique of the Week’ Section
First Wilshire was profiled in CityWire USA’s ‘boutique of the week’ section featuring an interview with CEO and Portfolio Manager Scott Hood. Scott discussed how First Wilshire’s founding principles have informed current ‘academic’ investment processes, including the firm’s proprietary one-pager and database, started in 1993 to keep a record of every company analyzed. He also noted […]
First Wilshire Welcomes Nicole Green
Nicole Green has joined First Wilshire as our new Vice President of Administration. Prior to joining First Wilshire, Nicole was a Principal at a large publicly traded investment management company where she was Head of the Investment Operations and Trade Operations teams. Prior to that Nicole worked at the law firms Morrison and Foerster LLP […]
Since you Asked About Bitcoin
We have been asked several times what we think of bitcoin and crypto-currencies. Generally we just say we don’t think much about it and forward a few good articles we have tucked away. We have no idea where it should trade and believe it has about equal odds of dropping to 5,000 as it has […]
Small Value vs Large Growth – Rolling 10 year Returns
The following chart shows the rolling 10 year returns of small cap value versus large cap growth. Red columns mark periods where the prior 10 years favored large cap growth. The chart shows that small caps have tended to outperform far more frequently. This year was shaping up to be the first time ever that […]
The Future of Retail: Amazon vs. the Rest
Disruption, confusion and severe stock price drops always offers the opportunity to uncover mispriced stocks. This led us to screen through all the U.S. retail companies, visit select companies and stores, while debating the future of retail. The disruption of retail begins with a look at Amazon. So far in 2017, Amazon’s stock market value […]
First Wilshire Celebrates 40 Years
First Wilshire is not prone to celebrating success and milestones, and in fact we are rather superstitious about it, but we’re proud to note that 2017 marks First Wilshire’s 40 year anniversary serving our clients. We’ve been “Detecting Value Since 1977,” and surviving this many years is an accomplishment in itself, but doing so with […]
First Wilshire Welcomes Cristian Pedroza
We are pleased to announce that Cristian Pedroza has joined First Wilshire as our new Trader. He brings with him nearly a decade of trading experience which includes trading our style of small-cap and international investments. Cristian holds a B.S. in Business Administration with a concentration in Finance from California State University, Fullerton. We welcome […]
Interest Rates Effect on Performance
So how do stock markets, and in particular small caps, performduring rising rate cycles? The table below, produced by Standard& Poor’s (S&P), shows small stocks (the S&P 600 and Russell2000) have tended to outperform larger stocks (S&P 500) wheninterest rates rise. Rising interest rates do not automaticallyspell doom for stocks. Inspired by the S&P study, […]
Great Companies
Great Companies One of the best ways to outperform is to identify “great companies.” In this spirit, our research team set time aside this quarter to describe and debate what factors make a great company. We focused on how a company becomes and stays great, which helps us in our search for new companies, and […]