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Money-Losing Companies

Aug 05 2021

Digging Out Of The Red

  • Aug 5, 2021

An unprecedented number of companies are still deep in the red, even while the economy is shrugging off the impact of the pandemic. Small-cap growth companies are showing no sign of a quick recovery.

Jun 04 2020

Money Losers Among Small-Cap Growth

  • Jun 4, 2020

Late last year, we presented data showing that profitability has become more elusive for small companies despite a record-long period of economic expansion. We discussed the potential causes underlying this phenomenon.

Jun 04 2020

Small Cap Valuations: Zombies And Ragamuffins

  • Jun 4, 2020

Asset allocation decisions are fairly straightforward for groups of profitable and growing companies that fit nicely into a discounted cash flow model, but it is more difficult to describe the valuation of groups that include unprofitable companies.

Jan 08 2020

Preview: Small Caps—Part 2

  • Jan 8, 2020

In response to client queries, we extended our research of small cap equities from last month. One angle we pursued was the relationship between small caps, quality, and business risk. The full report will be released mid-month.