3D illustration of a folder tab with the text cash-flow. Accounting concept. Horizontal image.

The general connection between a company’s profits and its stock price is well established. However, both over the short and long run, that degree of connection is not as robust as investors might hope. Clearly, many factors influence individual stock prices: dividends, revenues, and balance sheets among the obvious. While generally the case, these other metrics do not necessarily move in lock step with profits, particularly over shorter horizons. Still, most studies show that profits are the most influential of these factors on stock prices

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bee-reuters

While most commodities recovered through 2016, uranium continued on its downtrend since the Fukushima accident of March 2011. Over the year, spot U3O8 prices declined 48% to reach $18 per pound in December, lows not seen since 2004. Spot prices abruptly reversed and sat 46% higher at $26/lb in early February (Exhibit 1). The Global X Uranium Miner ETF generated a total return of 50% for the 3 months ending January, but remains at ~14% of pre-Fukushima highs. Abandoned by most investors, the sector is fertile hunting grounds for contrarian investors. We recently checked the pulse of the industry at the Platts S&P Nuclear Energy Conference in Washington

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White collar workers going down office corridor during working day

Looking to the past as a way to gauge the likely direction of the future is a popular exercise in the first quarter of every year. It’s a natural desire for people to want to improve on their personal and professional lives; taking stock of where they are, making changes where needed, and reinforcing good habits. Alternatives managers are no different, and despite some opposing opinions, are people too

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