What Does the Market Expect for Dividends?

by The BlackSummit Team | Dec 22, 2020 | Commentaries

“We have made very little progress in life by trying to outguess these macroeconomic factors. We basically have abdicated. We’re just swimming all the time, and we let the tide take care of itself…. The trouble with making all these economic pronouncements...

SPACs: Sponsor Revolution or PIPE Dream

by The BlackSummit Team | Dec 8, 2020 | Commentaries

“Corporations get the shareholders they deserve.”...

Price Is What You Pay. Value Is What You Get.

by The BlackSummit Team | Nov 17, 2020 | Commentaries

“An investor who does not do research is like a poker player who does not look at the cards.” – Peter Lynch McCaw Cellular Communications was founded in the mid-1960s as a cable television provider who started pivoting to cellular technology in the...

Necessary but Insufficient: Monetary Boogeymen and Valuations

by The BlackSummit Team | Oct 20, 2020 | Commentaries

Over 200 years after the fall of Genghis Khan his empire was in tatters, split up among warring factions divided by tribalism and nominally ruled by outsiders in China and the Middle East. The title of “Khan” was still sought after for the status and privilege it...

Invert, Always Invert

by The BlackSummit Team | Aug 25, 2020 | Commentaries

“All I want to know is where I’m going to die so I’ll never go there.”...