The Boyar Value Group 4th Quarter Client Letter

The Boyar Value Group just released our latest quarterly letter to clients. We’ve observed before that the S&P 500 is being driven by a handful of mega-cap stocks, but things haven’t always been this lopsided. Based on data from JP Morgan, as of January 20, 2022, the top 10 companies in the market-cap-weighted S&P 500 […]

Ideas Worth Investing In: Introducing the Forgotten Forty 2022

The Boyar Value Group has always searched for value outside of the mainstream or in ideas that are contrarian in nature. We are known for being long-term patient investors. In fact, Barron’s once referred to our founder Mark Boyar as “The World’s Most Patient Investor.” However, we realize many investors have a shorter time horizon. […]

In a recent presentation for GuruFocus, Jonathan Boyar discusses: Three higher conviction stock ideas Boyar’s investment philosophy and process How we avoid value traps And much more!

James Hagedorn, Scotts Miracle-Gro Chief Executive Officer and Chairman of the Board, on the tremendous opportunity in the cannabis space, potentially spinning off the fast-growing Hawthorne division and more…

Our fiscal year ends at the end of September, on top of growth 23 or 24%, in '20. A 33% increase in two years on a business that we viewed is pretty mature. It gets back to the demographics wanting to have a home, a yard, and garden. What happened during COVID was this issue, we didn't know what was going to happen. This issue of essentiality-- remember that whole argument, only essential businesses could be open, you only could go out to do something essential. People early on said gardening is essential, and not every state agreed. There were two states that didn't. Michigan and Vermont, both said, "Really? Buying plants? That's essential?" Consumers argued the point, and both those states had to back up and say, "We agree, lawn and garden is essential." For us, having a business-- and the same was true with the cannabis business. People both from a medical point of view and most states recreationally, it was deemed to be an essential business. That, to me is some kind of confirmation that we're not on the wrong track, that people say, "Your business is essential."

Jonathan Boyar was a guest on Bill Brewster’s The Business Brew Podcast where he discussed the investment case for Qurate, Discovery Communications and Disney among many other topics. Topics discussed: What differentiates Boyar Research Why we normally do not invest in energy stocks What is the Forgotten Forty How we find value in stocks that […]