Articles by Investment Team

The Tide Goes Out Investing

Written by Investment Team

In extraordinary times, when markets are stressed the broad opportunity set widens. But from a psychological perspective, it sure doesn’t feel like an opportunity.“The tide goes out” in periods like the financial crisis of 2008-2009 […]

May 1, 2019

Needle in the Haystack Investing

Written by Investment Team

In normal times, when markets are relatively tranquil the opportunity set is narrow. Armies of smart analysts and investors do their research and stocks are priced much more efficiently than less followed stocks. It’s challenging […]

May 1, 2019

How Do Catalysts Form?

Written by Investment Team

We have often talked about catalyst-driven investing, specifically in our blog post on Catalysts: Investing in “take-outs”. Another of the catalysts that can motivate a company to sell itself is prolonged stock price underperformance despite […]

February 21, 2019

The Investment Process

Written by Investment Team

The Pender Investment Process Pender’s goal is to protect and grow wealth for our investors over time. To achieve this, we seek to understand the quality of a business or security; obtain more value than we […]

July 6, 2018

A Weekend in Omaha

Written by Investment Team

It is phenomenal to think about the evolution of the Berkshire Hathaway (BRK) annual meeting over the years. Fifty three years ago the first Berkshire Hathaway annual meeting was held in a lunch room for […]

June 8, 2018

EnerNOC – A Double-Take

Written by Investment Team

A first for Pender as a company held in both our Equity and Fixed Income portfolios gets taken out. Demand-side energy management firm, EnerNOC, has announced it is being acquired by Enel Group, a European […]

July 13, 2017
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