Andrew Kingston and Shawn Shewchuk, portfolio managers for Gavin Croup, CA, discuss spin-offs, special situations, owner operators, and more. They share their thoughts on what makes a great business, their investment allocation process, and how they incorporate technical analysis. The speakers also talk about managing finances in hockey, their investment philosophy and backgrounds, their unique focus on professional hockey players, and their favorite players and teams. Overall, a fascinating conversation on investing and hockey.
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Quick takeaways
Gavin Group specializes in wealth management for hockey players, addressing the unique financial challenges they face in their careers.
Liquidity is a major concern for hockey players, as they only earn during the season and have financial obligations during the off-season.
The speakers highlight the benefits of incorporating technical analysis into value investing, using classical charting to enhance investment decisions and improve results.
Deep dives
Overview of Gavin Group and their focus on hockey wealth management
Gavin Group is a financial firm specializing in wealth management for hockey players. Founded by Stuart Gavin, a former NHL player, the firm aims to protect athletes from financial mistakes and fraud. When Gavin retired in 2003, he saw that financial services for athletes were underserved and not tailored to their specific needs. Gavin Group focuses on providing guidance and advice to athletes, helping them navigate the financial challenges of their careers. The firm is committed to being leaders in the financial and hockey community, dedicated to the financial success of their clients.
Managing finances in professional hockey compared to other sports
Managing finances in professional hockey presents unique challenges compared to other sports. Two primary factors to consider are the concept of escrow and the defined benefit plan. Escrow was introduced in 2012 to address revenue sharing between players and management, resulting in a percentage of players' income being held back during the season. This, along with taxes and agent fees, reduces the actual amount players receive. Additionally, the defined benefit plan only kicks in at 62 years old, creating a gap between retirement and when financial stability is ensured. Liquidity is a major concern for hockey players, as they only earn during the season and have various financial obligations during the off-season.
Investment philosophy and background of Andrew and Sean from Gavin Group
Andrew and Sean, portfolio managers at Gavin Group, share their investment philosophy and background. Both originally from western Canada, their unconventional degrees in biochemistry and chemical engineering gave them a unique perspective on investing. They believe in a process-driven approach and emphasize conducting thorough research and understanding the companies they invest in. Andrew focuses on investing in companies that are undervalued with short-term issues, while Sean prefers owner operators and looks for value in industries like retail and energy. Both incorporate technical analysis into their investment process and pay close attention to debt levels and company leadership.
Using classical charting in investment strategy
The podcast episode discusses the use of classical charting in investment strategy. The speakers emphasize the importance of incorporating technical analysis into value investing to enhance investment decisions. They suggest that classical charting can provide an advantage in determining the right time to buy and avoid staying in poor-performing investments. By combining fundamental analysis with charting techniques, investors can potentially improve their investment strategy and achieve better results.
Investing in spinoffs and special situations
The podcast episode explores the benefits of investing in spinoffs and special situations. The speakers share their interest in spinoffs and explain how they find opportunities in these areas. They highlight that spinoffs can offer unique investment opportunities, especially when a company is divesting itself from a larger parent company. They discuss the importance of analyzing management, identifying gaps between spinoff companies and their parent companies, and considering ownership dynamics. By identifying these factors, investors can spot potential spinoff investments that have the potential for growth and profitability.
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On today's episode I chat with Andrew Kingston and Shawn Shewchuk. Andrew and Shawn are portfolio managers for Gavin Croup, CA. Gavin Group is a unique investment services business. They pride themselves on being Hockey Wealth Specialists and provide three main services: investment management, cash flow management and tax minimization.
Andrew and Shawn manage investment portfolios for the firm. Their backgrounds are unique. Andrew graduated with a biochemistry degree, and Shawn ended college a chemical engineer. Yet both found their way to the investment world.
Listen in as we chat about spin-offs, special situations, owner operators, and more. We find out what they think makes a great business, how they allocate each position, as well as incorporating technicals into the investment process.