Please see the attached presentation (delete , ) which will be used by Karl and Mark during their marketing tour in the later half of this week. The presentation highlights two key ideas: re-emergence of risk appetite in the market (delete ,) and relative price out-performance of good quality companies.
It seems that risk appetite is slowly crawling back in the market, as evidenced by the tightening of credit spreads (delete ,) since the Bear Sterns fallout on March 17, as seen in the CMBX chart.
The second chart shows the relative out-performance of the stock price of (for)companies with good operating records. Using same-store growth as a proxy to operating performance, the chart shows that on average for every percentage of SS growth, companies are rewarded with a price appreciation of 3.3%. With a 49% R-square, this chart signify (signifies) that about (nearly? more than?) half of the price performance can be explained by their same-store growth.