Bull Sessions (6/13/2023)

Our Electrifying Future. We continue our series by looking at the grid, future conditions and with some trending as we attempt to identify specific companies with outsized (and perhaps unappreciated) fields of opportunity.

Mark Robertson and Ken Kavula hosted the Bull Sessions webinar on June 13, 2023, focusing on market conditions, investment opportunities, and emerging trends in the investment club community. Ken was recognized with the prestigious Ken Janke Award for 25+ years of volunteer service to the investment club movement. The hosts discussed the market's return to bull territory, with the average return forecast for companies in the Value Line Investment Survey at 13%, presenting selective opportunities for value investors. They emphasized the importance of investor education, including potential future discussions on options strategies for portfolio management.

The session covered international investment opportunities, with Ken sharing insights on his two remaining mutual fund holdings—Acorn International Fund (ACINX) and Harbor Capital International Fund (HAINX)—both benefiting from significant Japanese stock exposure. The hosts also analyzed residential construction stocks and commercial real estate concerns, noting that despite Wall Street skepticism, home builders like Greenbrick have delivered strong returns. They reinforced the Manifest Method's core principle of conducting thorough fundamental analysis and finding quality companies at reasonable prices, noting that the investment club methodology has achieved a 10 percentage point relative return advantage over the market for the past year, maintaining annualized returns in the 15-16% range.