Media Coverage

Barron’s Live “What to Watch in the Markets” Podcast with Buffalo Small Cap Fund PM Jamie Cuellar

April 22, 2021


Buffalo Small Cap Fund co-portfolio manager Jamie Cuellar recently appeared on the Barron’s Live “What to Watch in the Markets” podcast.

During the segment, Jamie discusses where we are at in the small cap cycle, including valuation factors, and highlights several macroeconomic trends core to the Buffalo Funds investment philosophy — increasing demand for communications bandwidth and the rise of diagnostic and precision medicine. In the context of the discussion, Jamie also highlights several small cap companies taking advantage of these trends:

  • Bandwidth (NASDAQ: BAND)
  • Tenable (NASDAQ: TENB)
  • Castle Biosciences (NASDAQ: CSTL)

I think we’re very early in a multi-year cyclical upturn in communication spending, which is going to be great for communications equipment, optical systems and components, wireless equipment, and even communication semiconductors.

~ Jamie Cuellar, Co-Portfolio Manager, Buffalo Small Cap Fund


Jamie Cuellar
Portfolio Manager
29 Years of Experience
 View full bio

Opinions expressed are those of the author or Funds as of 4/19/21 and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. A full listing of the Buffalo Small Cap Fund portfolio holdings can be found here. Past performance does not guarantee future results. Earnings growth is not representative of the Fund’s future performance. GDP is Gross Domestic Product. Earnings per share (EPS) is the portion of a company’s profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company’s profitability. Free cash flow is a measure of the cash produced by the firm in a given period on behalf of equity holders. The true measure of the value of a firm’s equity is considered to be the present value of all free cash flows. RFP means “request for proposal”. EBITDA means “earnings before interest, taxes, depreciation and amortization”. Fund holdings are subject to change and are not recommendations to buy or sell any securities. Cryptocurrency (notably bitcoin), often referred to as “virtual currency” or “digital currency”, operates as a decentralized peer-to-peer financial exchange and value storage that is used like money. Cryptocurrency operates without control authority or banks and is not backed by any government. Even indirectly, cryptocurrencies may experience very high volatility. Cryptocurrency is not a legal tender. Federal, state or foreign governments may restrict the use and exchange of cryptocurrency and regulation in the U.S. is still developing. Cryptocurrency exchanges may stop operating or shut down due to fraud, technical glitches, hackers, or malware.

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