Tim Melvin

Investors rarely get a chance to buy a dominant franchise at a price that assumes the business is headed for long-term trouble. That is exactly the situation with Alexandria Real Estate Equities Inc. (ARE) moving into 2026, writes Tim Melvin, editor of The Flagship Report.

Starwood Property Trust Inc. (STWD) has earned its place as my conservative pick for 2026 because it does something very few mortgage REITs manage to do year after year. It survives every credit cycle with its dividend intact and its book value reasonably stable, observes Tim Melvin, editor of The Flagship Report.

As a value investor always on the hunt for profitable businesses trading at bargain prices, Ryanair Holdings Plc (RYAAY) has caught my attention. This Irish-based budget airline has built what legendary investor Warren Buffett might call a wide and sustainable moat in the European aviation market, notes Tim Melvin, editor of the Melvin Real Income Report.

Nomura Holdings Inc. (NMR), established in 1925, is Japan's largest investment bank. Think of it as Japan's equivalent to Goldman Sachs Group Inc. (GS) or Morgan Stanley (MS), but with a distinctive Eastern approach to banking and investment, observes Tim Melvin, editor of the Melvin Real Income Report.

Banks are currently trading at about a 50% PE multiple of the historical average multiple with a discount to the S&P 500 PE above 50%. Ever wonder why your local banks get gobbled up by the big banks? Because scale matters. Banks below $1 billion in assets are starting to feel a sense of emergency as margins are thin and competition is intense. They need to find a profitable niche that allows for high returns in equity and assets or sell their bank. Buying smaller banks and taking out costs (as much as 30% or more) and raising the ROA on acquired assets is still the best way to grow EPS for bank executives worried about how they'll grow. Shareholders in these small banks - that's us - often see big profits when takeovers are announced. Thanks to Covid and inflation, there is pent-up M&A demand on the part of both sellers and buyers. In this presentation, Tim Melvin will show you his three rules for evaluating small banks as potential takeover targets, his strategy, and even a few names and tickers to consider adding to your portfolio.