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McElvaine Investment Management - Annual Meeting Transcript

McElvaine Investment Management - Annual Meeting Transcript

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Published by CanadianValue
McElvaine Investment Management - 2014 Annual Meeting Transcript
McElvaine Investment Management - 2014 Annual Meeting Transcript

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Published by: CanadianValue on Jun 17, 2014
Copyright:Traditional Copyright: All rights reserved


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 Tim McElvaine: It is great to see everyone and thanks very much for coming today. Most importantly, thanks for your support over the years. I see a number of good friends and I want to thank you very much for your friendship. When I’m on the topic of thanking, I want to thank Shannon, who you met on your way in, and thanks for my extraordinary and  beautiful wife Kate, for all that you do. And thank you to Kim and Di. Diann’s not here with us, but Kim’s right here. And I miss you Kim, but life goes on.
 Here is my disclaimer and the agenda, I’ll skip over that and move right to performance. Performance, we’re still tracking a little bit better than the TSX over a long time. More importantly, over the last three years since we instituted some of the changes that I talked about in 2011, we’re doing better than the TSX with much higher cash balance. There are some copies of the annual report out there as well on our website. So I won’t really spend a lot of time on these slides, but that’s how we went from return on investments to the net return. And that’s where the return on investments came from.

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