People Hate These 5 Stocks But They'll Be Wrong with Jonathan Boyar

Michael Batnick (0:00)

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Josh Brown (1:44)

All right. All right. Ladies and gentlemen, welcome to The Compound and Friends.

I'm so excited. We have a return guest today, Jonathan Boyar. He's a principal, the Boyar Value Group, which includes Boyar Asset Management and Boyar's Intrinsic Value Research, an independent equity research boutique founded in 1975, whose subscribers include some of the world's largest sovereign wealth funds, hedge funds, mutual funds, and family offices. He also hosts The World According to Boyar podcast. Jonathan, welcome back to the show. We're so happy to see you.

Jonathan Boyar (2:22)

Thanks for having me back.

Josh Brown (2:24)

Yeah.

Michael Batnick (2:24)

When do we have Jonathan on?

Josh Brown (2:26)

I was going to say we had him in the summer during the late spring, early summer during the SaaSpocalypse.

And a lot of the stuff he was talking about ended up being right. We've seen some pretty big comebacks in some of his technology names. Do I have that right?

Michael Batnick (2:44)

Not all the stuff.

Josh Brown (2:45)

Not everything, but nobody's perfect.

Jonathan Boyar (2:48)

Broken clock twice a day.

Josh Brown (2:50)

No, don't say that. You were, I think, pretty bullish on CRM. And the stock was hammered at that point. And obviously the picture has now changed. They have partnered with Anthropic rather than having their throat slit by it. I don't think a lot of people felt bullish at the time, but you did.

So congratulations on that one.

Jonathan Boyar (3:15)

No, thank you. We're starting to get a similar set up now over the last couple of days. It's interesting.

Josh Brown (3:21)

Okay, so we're going to get into that. Michael, why don't you take us into the first thing we want to talk about?

Michael Batnick (3:27)

I will.

I'm excited to talk with a lifelong stock picker. Before we get into the first topic of how difficult stock picking is, you know, I'm a very gullible man. And the first time that the three of us were in studio together, Josh said that you were of the famed Chef Boyardee family. And I bought it. I bought it at Hook, Line, and Sinker. I really thought that you were, that you were, that I was talking to royalty.

Jonathan Boyar (3:57)

Sorry to disappoint, but my whole town actually, like I had probably six or seven people come up to me and ask if I was really from that. So you weren't the only one.

Michael Batnick (4:09)

You were in good company. Josh is very convincing.

Josh Brown (4:12)

Yeah, I sold it. Well, two things. Chef Boyardee was a real person. I think he was making Italian food in Cleveland or something.

I don't think it was spelled the way they ended up spelling it on the can, but it was a real guy. That's one. Two, do you know what your last name means?

Jonathan Boyar (4:30)

It means noble, which is really ironic since we were thrown out of Russia. Well, we were slaves.

Josh Brown (4:37)

But before you were thrown out of Russia, before the pogroms, the boy, the boyar was like the mayor of the town. And in German, they called it Burger. So everyone you know with the last name Burger, that person somewhere in their line, they were descended from a guy that ran a town. So those are two different versions of the same word. So you were Mayor McCheese way back.