CleverLongboat Posted January 17, 2016 Share Posted January 17, 2016 Maybe we could try and compile a list of great annual reports / earning calls / CEOs that really illuminate their companies and industries economics. Sort of like the company that you would want to study first when you look at an new industry for the first time. So far I have: Automobile - Carmax Banking - JP Morgan. Jamie Dimon is a top-notch operator and great at taking on analysts in earnings calls as well. Doesn't get thrown off. - M&T Bank. M&T Bank annual reports are a great plain spoken read for those better looking to understand banking BOK Financial offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. Commodities - Seabord Corporation. Agribusiness and transportation company. Conglomerates - Berkshire Hathaway -Leucadia Consumer Discretionary - Middleby Corp. Design, manufacture and sale of commercial foodservice, food processing equipment and residential kitchen equipment - Consumer Staples - Post Holdings. Breakfast Cereals Financials - Interactive Brokers. Lowest commission online broker. - Morningstar. Provider of independent investment research. - FactSet. Provider of integrated financial information and analytical applications to the global investment community - Verisk. Provider of information about risk to professionals in insurance, healthcare, financial services, Government, supply chain and risk management. Insurance - Markel Internet - Amazon - Logistics - Amerco. Do-it-yourself moving and storage operator Manufacturing / Industrials - Fastenal. Big supplier to a lot of industrial producers and I use them for a barometer of the industrial end market. - Colfax. Industrial manufacturing and engineering company. Oil & Gas - Peyto Exploration & Development Corp. The CEO's updates deliver some of the best insights into what's going on in the Canadian tar sands. Real Estate - Howard Hughes is a developer of master planned communities and mixed use properties Retail - Casey's General Store operates convenience stores in 14 Midwestern states - Winmark Corporation. Franchisor of five retail store concepts that that buy, sell and trade used merchandise Semiconductors - MCHP is one of the few that does pass through sales, so a decent barometer of semiconductor cycle. They absolutely called the last inflection point. Transport - TransDigm is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft - Heico provides commercial aircraft replacement parts, aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications Other - Rollins. Provides pest and termite control services. - Danaher. Designs, manufactures and markets professional, medical, industrial and commercial products and services. Link to comment Share on other sites More sharing options...
cleonard12 Posted January 18, 2016 Share Posted January 18, 2016 I would add Constellation Software. CEO Mark Leonard writes some of the best annual shareholder letters Link to comment Share on other sites More sharing options...
voyager Posted August 30, 2017 Share Posted August 30, 2017 This is a very good list.... I'll add a few: -Cimpress -Activision -Church & Dwight -Axalta -NVR -Priceline -Couche-Tard -Credit Acceptance Corp -Graham Holdings -Google -Loews -Alleghany -Copart -National Beverage Corp -Trupanion -Boston Omaha -HCA -WD-40 -HR Block -American Tower -Tucows -Ashtead Would love to hear what others think. Link to comment Share on other sites More sharing options...
Guest Cameron Posted August 30, 2017 Share Posted August 30, 2017 Hingham Savings is another. Link to comment Share on other sites More sharing options...
SnarkyPuppy Posted August 30, 2017 Share Posted August 30, 2017 Atlantic Power Link to comment Share on other sites More sharing options...
racemize Posted August 31, 2017 Share Posted August 31, 2017 I'd add Sergio for autos. You get actual answers. Link to comment Share on other sites More sharing options...
Broeb22 Posted August 31, 2017 Share Posted August 31, 2017 Homebuilding - NVR Corp (NVR) Specialty Insurance - RLI Corp (RLI), Workers Comp Insurance - Amerisafe (AMSF) Branding/OTC Pharmaceuticals - Prestige Brands Holdings Conglomerates/Capital Allocation - Roper Technologies (ROP) Link to comment Share on other sites More sharing options...
clutch Posted August 31, 2017 Share Posted August 31, 2017 BAM - both annual and quarterly report letters. Link to comment Share on other sites More sharing options...
colinwalt Posted March 17, 2018 Share Posted March 17, 2018 FRMO Link to comment Share on other sites More sharing options...
racemize Posted March 17, 2018 Share Posted March 17, 2018 Lancashire for insurance. Link to comment Share on other sites More sharing options...
frommi Posted March 17, 2018 Share Posted March 17, 2018 Posted it already in the other thread, but i think it also belongs here. REITs: STOR / Christopher Volk (http://ir.storecapital.com/interactive/newlookandfeel/4553160/STOR_2017_CEO_Letter.pdf) Link to comment Share on other sites More sharing options...
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