Episode 51 – Quarterly Equity Update
October 8, 2020

Episode 51 – Quarterly Equity Update

Sarah Wildman is joined by David Barr and Felix Narhi for the Quarterly Equity Update.

Subtitle: Key themes for the quarter, M&A and IPOs.

In this episode Sarah Wildman, Director of Institutional & Family Office Wealth Services, is joined by David Barr, President, CEO and Portfolio Manager of the Pender Small Cap Opportunities Fund and Felix Narhi, Pender’s Chief Investment Officer and Portfolio Manager, who manages the Pender US All Cap Equity Fund. Together, they co-manage the Pender Value Fund. They discuss their areas of focus including M&A and IPOs, the digital economy, and explore some portfolio holdings.

Key Takeaways

[01:16]PenderFund’s history of identifying take-outs and why we like them.
[02:12]A look at the investment process involved in finding catalyst companies.
[05:26]Why there was low M&A activity in the first half of 2020 and prospects for increased activity in the last quarter.
[07:37]The IPO market and why it is currently so active.
[11:03]The digital economy and the acceleration of digital trends since the start of the pandemic.
[14:53]Companies that have embraced the digital shift since March, including Zillow, Opendoor and Phoenix.
[19:01]A discussion about the “opportunity-rich” small cap space, with reference to ProntoForms.
[22:18]Book recommendations from David and Felix.