In the following commentary, the Portfolio Managers of the Hennessy Cornerstone Value Fund discuss the Fund’s formula-based investment strategy and how it drives the Fund’s sector and industry positioning.
The Hennessy Focus Fund Managers discuss the Fund’s growth rates and valuation, recently added positions, holdings that may take longer to recover, and their current watchlist.
RH (formerly Restoration Hardware) has transformed into a global luxury brand focused on a sophisticated lifestyle within the home furnishings marketplace. With its bespoke design and hospitality experience, RH plans to continue expanding its brand to the global marketplace.
For more than a decade, U.S. natural gas utility and pipeline companies have significantly increased investment in their infrastructure networks. We believe higher investment is a positive catalyst driving earnings growth for many natural gas distribution companies operating under rate of return (ROR) regulation.
The Portfolio Managers of the Hennessy Gas Utility Fund discuss the role of natural gas during the recent extreme cold weather event, the demand dynamics of natural gas since the pandemic started, infrastructure and modernization programs, and the growth of the global liquefied natural gas (LNG) market.
Portfolio Manager Ben Cook, CFA discusses his thoughts on the Energy sector in 2021, the effect of a Biden administration on the industry, renewable energy, and midstream companies’ valuations.
While O’Reilly Automotive is a leader in the automotive aftermarket parts industry in the U.S., the company’s recent acquisition of Mexico-based Mayasa Auto Parts illustrates the company’s greater goals to expand its operations internationally.
NVR is one of America’s leading home builders. With its uniquely “asset-light” balance sheet and focus on operational efficiency, the company has created a hard-to-replicate business model.
Portfolio Manager Ryan Kelley, and American Gas Association (AGA) executives Gary Gardner, Vice President of Corporate Affairs, and Richard Meyer, Managing Director, Energy Markets, shared their insights on the natural gas industry as well as investment opportunities.
Portfolio Manager Tad Fujimura shares his insights on Japan’s economic recovery, small-cap valuations, attractive sectors, and notable additions and deletions from the portfolio.