Nancy Tangler's Investment Philosophy

Nancy Tangler emphasizes a unique approach to stock selection, particularly in terms of evaluating long-term investments. She focuses heavily on the relationship between dividends and sustainable earnings growth, with the belief that a company's management’s decision to raise dividends reflects confidence in future performance. For instance, Walmart's past dividend increases served as a strong indicator of its expected earnings growth, showcasing the effectiveness of using relative dividend yield as a valuation tool. This method allows investors to identify 'fallen angel' stocks, which may have temporarily lost value but possess strong underlying fundamentals.