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Genworth Update Post Q3 2015

Genworth Financial (GNW) reported last week, and the market reaction was irrational – the story of 2015.  We discussed the quarterly results, how to think about the company, and why we are still very bullish on the stock in an article posted to Seeking Alpha.  See the article here: http://seekingalpha.com/article/3626006-genworth-continues-to-be-irrationally-priced-for-bankruptcy   » Continue Reading

Booth-Laird Q3 2015 Newsletter

Attached is our third quarter 2015 newsletter, in which we discuss the recent Volkswagen “Dieselgate” scandal. » Continue Reading

Genworth long thesis

Genworth (GNW) is a severely beaten down insurance company that is similar to our highly successful Hartford Group (HIG) investment.  It is trading for under 25% of net book value.  We have analyzed and stressed net book value, including a thorough understanding of the liabilities and reserves, and determined that, at worst, the stock is … » Continue Reading

Booth-Laird Q2 2015 Newsletter

Attached is our second quarter 2015 newsletter, in which we discuss the proper mindset for successful long-term investing and how to better attain that mindset. » Continue Reading

Booth-Laird Q1 2015 Newsletter

Attached is our first quarter 2015 newsletter, which covers two broad topics as follows: First, we provide a primer on “melting ice cube” investments, using Western Union (WU) and Outerwall (OUTR) as examples.   We then provide an update on Weight Watchers (WTW) and explain why we believe it is not a melting ice cube. Second, … » Continue Reading

2014 Annual Letter

Attached is our 2014 Annual Letter to our Partners, in which we discuss: A reflection on our seven years running the fund A review of the results and decisions in 2014 A discussion of where 2015 is headed for us » Continue Reading

Weight Watchers presentation from 2nd Annual Booth-Laird Equity Conference hosted by LSU

We recently held the 2nd Annual Booth-Laird Equity Conference hosted by LSU’s E.J. Ourso College of Business and Department of Finance.  After four student presentations and a fireside chat with MoneyGram International’s VP of Investor Relations and Strategic Development, we closed out the meeting with another new investment idea from Booth-Laird Investment Partnership – Weight Watchers … » Continue Reading

2nd Annual Booth-Laird Equity Conference hosted by LSU’s E.J. Ourso College of Business and Department of Finance

On Monday, November 17, 2014, we are holding the 2nd Annual Booth-Laird Equity Conference hosted by Louisiana State University’s E.J. Ourso College of Business and Department of Finance.  The conference will be held in the Rotunda of the LSU Business Education Complex on Nicholson Extension.  We expect to have parking blocked off in the student lot across the street.  The doors … » Continue Reading

Booth-Laird Q3 2014 Newsletter

Attached is our third quarterly newsletter for 2014, in which we discuss: An update on Bed, Bath, & Beyond (BBBY) since our Q2 2014 newsletter An update on General Motors (GM) since our Q2 2014 newsletter An in-depth look at Apple, including an e-mail we sent to our investors approximately one year ago » Continue Reading

Outerwall presentation from 2014 Annual Meeting

At our 2014 Annual Meeting held on July 21, 2014, we presented our long thesis on Outerwall (OUTR), a beaten down, highly shorted stock that is misunderstood by the market and, in our opinion, presents substantial upside potential with limited downside. » Continue Reading