News/Insights

Investor Relations

November 30, 2017

The Rise of Non-GAAP Webinar

More than ever, active investors rely on non-GAAP metrics to make buy and sell decisions on stocks. While GAAP reporting has its place, investors are extrapolating this information and using non-GAAP, or their own put-and-take analysis,…

November 14, 2017

Accurate Shareholder Intelligence Requires a Deeper Understanding of the Differences in Investor Analytics

Management teams and investor relations officers (“IROs”) spend valuable time and money to gain insight into their companies’ shareholder base makeup. This is done for good reason, as understanding your institutional ownership yields multiple…

October 13, 2017

More Active Investors Rely on Non-GAAP vs. GAAP Reporting in Analyzing Stocks

Clermont Partners conducted a survey to reveal how active (not passive) investors factor GAAP and non-GAAP measures, intangible assets and non-financial metrics into their stock selection process. See the summary of the report in the infographic.

October 13, 2017

Infographic: More Active Investors Rely on Non-GAAP vs. GAAP Reporting in Analyzing Stocks

Clermont Partners conducted a survey to reveal how active (not passive) investors factor GAAP and non-GAAP measures, intangible assets and non-financial metrics into their stock selection process. See the summary of the report in the infographic…

August 25, 2017

The Secret to High ROI Perception Studies

Boards of directors want to better understand investors’ sentiment around their companies’ stock, and as a result, are becoming more engaged with management teams’ investor relations strategies.

June 23, 2017

New Mandates for CEO Communications

Goldman Sachs Chairman using Twitter to Protect and Defend Corporate Reputation. (Sound Familiar?) Lloyd Blankfein, Goldman Sachs’ chairman says he takes to Twitter to either protect the firm’s corporate reputation or to showcase the firm’s…

June 2, 2017

Siren Song of Index Funds Lures More Investors

It is highly likely that BlackRock is one of the largest, if not the largest, institutional investor in your company’s stock. While BlackRock did not invent passive investments (that distinction goes to John Bogle of Vanguard), it is now…

February 24, 2017

Get Ready for Greater Scrutiny of Corporate Governance

With new 13F filings coming out, most companies have experienced the largest new buying of their shares from institutional investors they don’t meet with. Passives are up, actives are down.

February 21, 2017

Adapt Your IR Strategy to a Passive-Driven Market

Economics and technology have changed the investor landscape, and IROs need to adapt their programs to adjust to the new realities. That was the message our two guest speakers told an audience at a recent luncheon in Chicago hosted by Clermont…

December 1, 2016

Current IR Strategies Are Failing to Adapt to the Evolved Investor Landscape

It is well known that over the past 20 years or so, advances in technology and changes in regulation have massively affected how Wall Street works. Thanks to technology and deregulation of markets, unprecedented volumes of stocks and bonds…

September 19, 2016

Hedge Fund Problems Call for Shift in Small Cap IR Strategy

Hedge funds have been the worst-performing asset class so far in 2016. As a result, investors have withdrawn more than $56 billion from the category through August. While the worst-performing hedge funds you read about are the behemoths…

August 26, 2016

New Market Structure: Passive Investors Rule

Things are changing the way CEOs and CFOs have to deal with the Street. While everyone is focusing on GAAP vs. non-GAAP and Blackstone’s letter on short termism, the market participants are changing significantly. What’s more, stocks are…

June 10, 2016

More on Non GAAP

Valeant – the new poster child for impermissible non- GAAP reporting. Last week the SEC informed Valeant Pharmaceuticals that their use of certain non-GAAP financial measures was “potentially misleading.” The company strips out acquisition-related…

May 20, 2016

SEC Frowns on Non GAAP Disclosures

The SEC is removing the gap between non-GAAP and GAAP. This week they issued new guidance that non-GAAP measures can only be used if compared with GAAP measures – and on equal footing.

 

Shareholder Activism

November 6, 2016

Activism in the Offseason

“The best defense is a good offense” is the collective view of a recently-assembled expert panel on shareholder activism. On July 18, Clermont Partners hosted “Activism in the Offseason,” a webinar devoted to understanding the current landscape…

 

US Investor Targeting

July 21, 2017

The Battle for Alpha Between Active and Passive Investors

Recently the National Investor Relations Institute (NIRI) and Clermont Partners published a research report entitled, “Proactively Attract Investors in an Increasingly Passive World.” Among the report’s findings, active buy-side investors…

July 14, 2016

Coming to America – How to make equity marketing a success

An increasingly global economy requires that companies gain access to the largest and most cost effective sources of capital to fund their success. This often means that non-U.S. companies must develop strategies and programs to attract…

July 1, 2016

American CEOs Finally Go Global In Search Of Investors

The broad-based drive among major U.S. companies to expand sales overseas has been going on for decades, but attracting non-U.S. investors hasn’t had the same urgency. Perhaps that’s about to change, according to some data Clermont Partners’…

 

Strategic Communications

July 25, 2017

How to Re-align Investors’ Thinking About Winners and Losers in the Automotive Space

With the perception that the U.S. auto industry has peaked and disruptive technologies are beginning to affect entrenched suppliers, historically cheap valuations are not enough for many investors to commit funds to the sector. In fact,…

May 3, 2017

Convincing Shareholders an Acquisition is Transformational

With shifting global market dynamics, rapid advancements in technology, and evolving customer demands, companies are increasingly seeking growth to drive shareholder value creation through transformational acquisitions. These large “bets”…

June 24, 2016

Share Buybacks Mask No Growth Environment

What’s the big deal about Brexit from a US investor perspective? Probably not much, if FactSet’s analysis on revenue exposure is correct. No sector has more than 6.5% of its revenues exposed to the UK.

May 23, 2016

Industrials, The Short-Term Trap of not Talking Innovation

We recently spent two days taking in management interviews and presentations at an Industrials investment conference in New York. With a few exceptions, the message was the same: “Business is tough, we’re de-leveraging, and M&A remains…

April 25, 2016

Brexit Would Negatively Impact U.S. Equity Investors Exposure to the Eurozone

New York & Chicago – Clermont Partners, a strategic financial communications advisory firm, recently conducted a survey of 100 U.S. based institutional investors in European equities representing more than $30 billion in assets under management.…

April 22, 2016

Analyst Increasingly See Through Pro Forma Reporting

As if a tough quarterly earnings season isn’t enough, CEOs now have more reason to worry about delivering on growth targets, as the days of easy deals and inorganic growth paths seem to be ending.

July 13, 2016

New Era of CEO Financial Communications

By now, most CEOs have internalized the importance of consistent messaging to financial audiences. “Say it, say it again and remind them that you have said it” is a phrase repeated ad nauseum by communications professionals over the past…