Canal Capital Management is pleased to announce that we have been selected to the Inc. 5000 list for 2018. This is an annual ranking that consists of the fastest growing private companies in America. Canal came in ranked at number 4,200, and was one of only 28 Richmond businesses included on the list.
How the 2018 Inc. 5000 Companies Were Selected
Companies on the 2018 Inc. 5000 are ranked according to percentage revenue growth from 2014 to 2017. To qualify, companies must have been founded and generating revenue by March 31, 2014. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2017. (Since then, some on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
Note: Growth rates used to determine company rankings were calculated to two decimal places. In the case of ties, the companies with more revenue were placed higher.
“Everyone has a plan until they get punched in the mouth.” -Mike Tyson
While we are bullish in the short term, we remain cognizant of where we are in the cycle and are preparing ourselves for what a down market may bring. Having a plan in place beforehand helps control emotions and ultimately leads to better investment decisions. In this latest newsletter, we’ve taken a look back at this past quarter, some of the things that are causing the choppiness in the market: tariff talks and rising interest rates, and how we are preparing for a more volatile market environment.
Click here to read our 2nd Quarter 2018 Market Commentary
Canal Capital Management was recently named by RIA Channel to the list of Top 100 Emerging Wealth Managers for 2017. This year’s unique ranking showcases wealth management firms from $100 million to $500 million in assets under management as of October 31, 2017 that have grown at least 30% in the past five years. RIA Database ranked the Top 100 Emerging Wealth Managers using quantitative and qualitative criteria. RIA firms that provide comprehensive wealth management services as their core offerings were included. Broker/dealers and firms with a concentration on asset management services were excluded.
Click Here to Read the Full List
“The world is a book and those who do not travel read only one page” – Saint Augustine
At Canal Capital, we echo the sentiment of Saint Augustine, not only in life but also in investing. Those investors that take a myopic approach and only invest in the US, are reading but only one page in the book of investment opportunities. Yes, the US Market has led the charge for the last 8 years and investors have been hurt by diversifying, but a shift is beginning to happen and it is our belief that those investors willing to read past the first page and go global, will be rewarded moving forward.
Please Click Here to Read our Outlook on 2018
Despite the lingering uncertainty and questions related to global policy: Legislative, Monetary (the Fed) and Foreign, the market has continued to grind higher, further strengthening the argument that despite the negative and uneasy sentiment, markets and global economies are actually quite healthy. For the first time in a while we are seeing global economies growing in sync (See Chart) and this backdrop has provided healthy returns for just about every stock market around the world in 2017.
Please Click Here to Read Our 3rd Quarter 2017 Market Commentary