Will Value Investing Come Back?

Year-to-date, the Russell 3000 Growth Index is up 19.5% (through 9/13/17). The Russell 3000 Value Index is up 5.0% in the same period. In 2016, Value prevailed, outperforming Growth by over 11 percentage points. Keep in mind that, over the long term, the average annual performance divergence between Growth and Value is close to zero Read More »

Amazon Enters the Grocery Business

You surely saw that Amazon (AMZN) announced its intention to purchase Whole Foods for (WFM) $13.7 billion. Since the deal announcement, Amazon’s market capitalization has increased more than this purchase price; it is making money already. The deal values Whole Foods at 11x EV/EBITDA, which is below Whole Foods historical median valuation. Whole Foods recently Read More »

March for Babies – Team Washburn

Over the years, the associates of Alpha Omega have been proud to represent our company and clients in supporting many community service events and organizations. This Saturday, April 29th is the March of Dimes March for Babies in Richmond, Virginia. As many of you know our co-founder and friend Art Washburn was to be the Chairman Read More »

Assessing Where We Are

For 4Q16, 77% of S&P 500 companies, beat or matched estimates. Energy, Real Estate, Consumer Discretionary and Information Technology provided the largest upside surprises. 4Q16 EPS for S&P 500 aggregate grew 4.9% year-over-year with all sectors positive except for Industrials and Telecom Services. This was an improvement over the 3.1% EPS growth recorded in 3Q16, Read More »