Water is rare in West Texas. Flowing water is even more scarce. In 1892 R.T. McElreath, great-grandfather of our founder Richard McElreath, settled a ranch in Hall County of West Texas. R.T. McElreath had the insight to buy land with natural springs flowing on it. These springs have continued to flow for over 100 years. During good times and bad, they have kept on producing to provide additional prosperity to the economic opportunities that the land affords.
There is a clear comparison that ties directly to our investment style here at Spring Capital Management and thus our name. Springs are like earnings or a dividend to the owner of a land investment. Whether it is land or stock, a steady return on the investment not only helps in challenging times, it gives the owner confidence to wait until prosperous times return. In good times, it enhances the return even further.
Thus we seek out these types of investments for our clients. Though past performance is not a guarantee of future results. We want to work with the market, not against it, so earnings and more specifically dividends are a key component of the securities we select.
Investment Advisory Services offered through Spring Capital Management, LLC, an SEC Registered Investment Advisor