Posted by: Aaron Pressman on May 8, 2007
A great new resource for investors — and a great example of the power of blogging — cropped up the other day when Paul Hickey and Justin Walters, two research analysts at Birinyi Associates, struck out on their own to form the Bespoke Investment Group. Hickey and Walters struck gold after starting a blog last November for Birinyi called Ticker Sense. The analysts sussed out seasonal trends, offered a variety of technical analysis and generally impressed with a host of posts looking at the stock market in unusual ways.
At their new firm, blogging is still de rigor. This week, they’ve examined the conventional wisdom about the internationalization of companies in the S&P 500. By charting the performance of the 91 companies in the S&P that get at least half of sales outside the U.S. against the other 409 stocks, the analysts unmask a variable spread that can be compared to other variables like the performance of the dollar. Today’s post shows that the spread generally tracked the dollar over the last year but has no kept up with the depth of the dollar’s dive over the last few months. As these two young-ish analysts (college grads in 1996 and 2003) build a bigger portfolio, the wisdom and investing insights to be derived should increase rapidly.
UPDATE: As commenter SportsBiz notes, you can also sign up to subscribe to Bespoke’s blog using your preferred RSS or Atom-compatible reader. For some reason (Macintosh?), the sign-up links didn’t showing up in my browser. Inputting the blog’s main address at Bloglines revealed the feed addresses.
One quibble with the firm’s new blog: no RSS feed. I’d rather have my blog reader alert me to a new post that be forced to check a web site five or 10 times a day just to see if anything new has arrived.
And the name of the firm? “Bespoke” is a tailor’s term for truly custom made garments, which go beyond simply adapting patterned outfits to a customer’s measurements. Apt name for the two analysts with thoughts that also go beyond the simple analysis and pattern-fitting you all-too-commonly hear.
Tip o’ the cap to Charles Kirk at The Kirk Report for news of the new blog.