Shareholder Letter

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Definition of 'Shareholder Letter'

A shareholder letter is a letter written by a firm's top executives to its shareholders to provide a broad overview of the firm's operations throughout the year. The letter generally covers the firm's basic financial results, its current position in the market, and some of its future plans. The shareholder letter is generally written once per year and is included in the beginning of the firm's annual report.
Investopedia Says

Investopedia explains 'Shareholder Letter'

The shareholder letter can be a good first stop towards getting a broad overview of a firm that you are analyzing for investment. However, it is important to understand that the shareholder letter, along with many other parts of the annual report, is normally written in a way to put the company's operations in the best possible light. Investors will want to take the information in the shareholder letter with a grain of salt and be sure to delve more deeply into the firm's financial results and perform independent research on the company and its industry before drawing conclusions.    
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'Shareholder Letter'

  • 4 Lesser-Known Companies Buffett Owns

    http://stocks.investopedia.com/stock-analysis/2011/An-Overview-of-Lesser-known-Buffett-Operating-Companies-IM-BC-WGO-DE-KCP-DECK0307.aspx
    ... In the recently released Berkshire Hathaway (NYSE:BRK.A, BRK.B) shareholder letter,
    Warren Buffett profiled a select handful of operating companies that not ...

  • Is Warren Buffett Really A Value Investor? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0511/Is-Buffett-Really-A-Value-Investor.aspx
    ... Below is a chart that Buffett provided in Berkshire's 2010 shareholder letter: Period,
    Annual Earnings Growth. 1970-1980, 20.8%. 1980-1990, 18.4%. 1990-2000, 24.5 ...

  • Do As Buffett Does - Not As He Says

    http://stocks.investopedia.com/stock-analysis/2010/Do-As-Buffett-Does---Not-As-He-Says-BNI-BRK.A-KO-AXP-KFT-RIG0409.aspx
    ... In 2000, Buffett wrote in his annual shareholder letter that Berkshire Hathaway
    would buy back its stock when the shares were intrinsically cheap and when it ...

  • Dillard's Shareholder Battle Turns Nasty

    http://stocks.investopedia.com/stock-analysis/2008/Dillards-Shareholder-Battle-Turns-Nasty-DDS1031.aspx
    ... The letter served as a follow-up to one sent in September 2008 ... Capital Group, Clinton
    Group and Southeastern Asset Management, another large shareholder of the ...

  • A Buffett Disciple Puts His Stamp On Steak 'n Shake

    http://stocks.investopedia.com/stock-analysis/2010/A-Buffett-Disciple-Puts-His-Stamp-On-Steak-n-Shake-BH-BRK.A-BRK.B-RRGB-JACK1216.aspx
    ... Bottom Line In his shareholder letter, Biglari detailed that his firm "is in the
    business of owning other businesses in whole and in part." The Western Sizzlin ...

  • Who Will Be The Next Warren Buffett? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0811/Who-Will-Be-The-Next-Warren-Buffett.aspx
    ... Biglari's style is modeled after Buffett's and includes presiding over a public
    company, an annual shareholder letter, interest in acquiring insurance ...

  • Georges Doriot And The Birth Of Venture Capital

    http://www.investopedia.com/articles/financialcareers/10/georges-doriot-venture-capital.asp
    ... Doriot lamented this change back in a 1971 ARDC shareholder letter, writing, "Venture
    Capital seems to have shifted from a constructive, difficult task to a ...

  • How Much Is Casey's Really Worth?

    http://stocks.investopedia.com/stock-analysis/2010/How-Much-Is-Caseys-Really-Worth-CASYATD.AATD.BWMKRDKSVU0909.aspx
    ... However, as I write this article, Casey's letter to shareholders has been ... using share
    repurchases and increased store acquisitions to drive shareholder returns ...

  • How Your Vote Can Change Corporate Policy

    http://www.investopedia.com/articles/stocks/08/voting.asp
    ... ICCR sponsors shareholder resolutions, meets with management, conducts public hearings,
    publishes special reports and sponsors letter-writing campaigns. ...

  • Natural Gas Bulls Get Restless

    http://stocks.investopedia.com/stock-analysis/2010/Natural-Gas-Bulls-Get-Restless-KWK-XCO-ATLS-CVX1115.aspx
    ... amounts of Quicksilver Resources. The letter also indicated that another
    large shareholder was interested in the deal, as well. ...

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