Beyond FFO, we have increased the diversification of our portfolio across geography, asset type, operator, borrower, manager, and payer source, as well as achieving continual improvement in our already strong EBITDAR rent coverage. We ended the year having again grown our market cap by 61% to $8.2 billion. I cannot help but take a moment to thank our shareholders, our board, our operators, our capital and strategic partners, and our entire team for their dedication and hard work. We simply could not have pr ...

This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Modelo and Corona owner Constellation Brands appointed board member and former Suntory executive Nicholas Fink as its next president and CEO, effective April 13. He succeeds Bill Newlands, who is stepping down from the role and the company’s board of directors.  Newlands, who worked at Constellation Brands for more than a decade and has been CEO since 2019, will stay with ...

Core Insights - The current market volatility is largely influenced by the earnings season, which may lead some investors to shift away from growth-oriented positions [1] Group 1: Market Trends - High levels of market volatility are observed, primarily driven by earnings reports [1] - The AI sector presents a dual nature, offering significant growth potential while also posing challenges for investors [1] Group 2: Investment Strategies - A hybrid investment strategy combining classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds can enhance investment income while achieving total returns comparable to traditional index funds [1] - This approach allows investors to balance growth and income effectively, maintaining returns on par with the S&P [1]

Core Viewpoint - Shares are reaching record highs despite analysts reducing profit forecasts, which increases pressure on Exxon to demonstrate its ability to achieve long-term growth [1] Group 1 - Analysts are trimming profit forecasts for Exxon, indicating potential concerns about future earnings [1] - The current high share prices create expectations for the company to provide a clear strategy for sustainable growth [1]

Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The company advocates for a balanced approach to investing, suggesting that a solid base of dividend growth stocks can be effectively supplemented with other asset types to maximize income potential [1]. - The strategy aims to achieve a total return that aligns with the performance of the S&P index, indicating a focus on both growth and income [1].

Core Insights - Vulcan Value Partners reported positive results across all its investment strategies for the year, with notable returns in various composites despite overvalued markets [1] - The firm emphasizes a disciplined investment approach, prioritizing safety and long-term gains over short-term performance, drawing parallels to the late 1990s dot-com bubble [1] Performance Summary - Large Cap Composite (Net) returned -1.5% in Q4 and 7.9% YTD - Small Cap Composite (Net) gained 3.2% in Q4 and 9.5% YTD - Focus Composite (Net) returned 0.1% in Q4 and 7.1% YTD - Focus Plus Composite (Net) returned 0.1% in Q4 and 6.2% YTD - All-Cap Composite (Net) returned 1.3% in Q4 and 10.7% YTD [1] Company Focus: Fiserv, Inc. - Fiserv, Inc. was identified as a significant detractor in the Large Cap and All-Cap Strategies, with a one-month return of -0.15% and a 52-week loss of 67.73% [2] - As of January 22, 2026, Fiserv's stock closed at $67.40 per share, with a market capitalization of $36.638 billion [2] Management Insights on Fiserv, Inc. - Fiserv was previously owned by the firm until Q1 2025, after which the stock price declined due to downward guidance revisions and delays in initiatives [3] - The new management team acknowledged aggressive tactics that compromised long-term customer relationships, leading to a strategic shift towards reinvestment for sustainable growth [3] - Despite current challenges, Fiserv is expected to grow revenues and generate substantial free cash flow during its reinvestment phase, with the firm taking advantage of share price declines to increase its position [3]

Core Insights - Market indices are near all-time highs, making it challenging to find attractively valued investment opportunities [1] - High-yield assets focused on debt are trading at lower valuations due to market concerns [1] Investment Strategy - The company emphasizes the importance of a solid base of classic dividend growth stocks combined with Business Development Companies, REITs, and Closed End Funds to enhance investment income [1] - This hybrid investment strategy aims to achieve total returns comparable to traditional index funds like the S&P [1]

Core Viewpoint - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with other asset classes like Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The company advocates for a diversified investment approach that includes high-quality dividend stocks, which can provide significant long-term growth and income potential [1]. - By integrating various asset types, the company aims to create a balanced portfolio that maximizes income while maintaining a total return aligned with the S&P 500 index [1].

Core Viewpoint - Constellation Brands is facing challenges with a projected decline in earnings and revenue, but is focusing on long-term growth through strategic investments in beer capacity and premium brands [1][4][6] Financial Performance - Anticipated earnings per share (EPS) for Constellation Brands is $2.65, reflecting an 18.2% decrease from the same quarter last year [2][6] - Revenue projections are estimated between $2.16 billion to $2.2 billion, representing an 11.6% drop year-over-year due to weak wine and spirits shipments [3][6] Strategic Initiatives - The company is investing in expanding its beer capacity in Mexico and emphasizing premium brands to strengthen market position and drive future revenue growth [4][6] Financial Metrics - Constellation Brands has a price-to-earnings (P/E) ratio of 20.49 and a price-to-sales ratio of 2.59, indicating market valuation [5] - The company's debt-to-equity ratio stands at 1.34, reflecting its financial leverage, while a current ratio of 1.08 suggests its ability to cover short-term liabilities [5]

Core Viewpoint - The article emphasizes the challenge of finding equities with reasonable valuations as market indices approach all-time highs, while highlighting the availability of high-quality income funds that can provide substantial investment income and long-term growth potential [1]. Group 1: Investment Strategy - The company specializes in identifying high-quality dividend stocks and other assets that offer potential for long-term growth, which can significantly enhance bill-paying capabilities [1]. - A hybrid investment strategy combining classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds is proposed as an efficient way to increase investment income while achieving total returns comparable to traditional index funds [1]. - The total return achieved through this hybrid system is reported to be on par with the S&P 500, indicating a successful balance between growth and income [1].