PREMIUM: KLEINSCHMIDT

CONTRARIAN EXCLUSIVE

In an exclusive interview, Tocqueville Asset Management’s contrarian investor, Robert Kleinschmidt explains why he is finding the best values where you don’t want to be.

WEALTHTRACK Episode #1402; Originally Broadcast on June 30, 2017

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ROBERT KLEINSCHMIDT

• President, Chief Executive Officer & Chief Investment Officer,
• Tocqueville Fund

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THINK LIKE A VALUE INVESTOR

• Seek out what is unpopular
• Frequently best opportunity

WORST PERFORMING S&P SECTOR
(Year-to-date through 6/22/17)

• Energy -15%
• Oil & Gas Drilling – 38.3%

Panic at the Pump: The Energy Crisis and the Transformation of American Politics in the 1970s

KLEINSCHMIDT: CONTRARIAN PLAY

• SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
• Price: $31.50 on 6/28/17
• 52-week range: $29.89 – $44.97

XOP data by YCharts

CBL & & Associates Properties Inc (CBL)

CBL data by YCharts

Tractor Supply Co (TSCO)

TSCO data by YCharts

SM Energy Co (SM)

SM data by YCharts

One Investment on 2/5/16: SPDR S&P Metals & Mining ETF (XME)

XME data by YCharts

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Robert Kleinschmidt from the WEALTHTRACK archives:

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SUMMER ENERGY

Contrarian value investor Robert Kleinschmidt was an oil and gas analyst before becoming a money manager. When we asked him for a summer reading recommendation he returned to the oil patch.