Vincent Dupont, CFA
25 Years at AB|26 Years of Experience
Vincent Dupont is a Senior Vice President and Director of Research for US Growth Equities. Before joining the US Growth team in 2009 as a portfolio manager, he spent 10 years as a fundamental research analyst covering semiconductors and semiconductor capital equipment. Prior to joining the firm in 1999, Dupont researched the Russian economy at the Council on Foreign Relations for a year and worked at the US State Department as an arms control official for six years. He holds a BA in political science from Northwestern University and a PhD in international affairs/Russian studies from Columbia University, and is a CFA charterholder. Location: New York
Published Work
What should equity investors look for to find companies with strong economic profits, backed by clear business advantages?
As equity style winds shift, investors are still debating the merits of growth versus value stocks. But we believe quality remains the essential focal point, especially amid a low interest-rate environment that has changed the math behind company valuations.
Many US technology companies use stock compensation to help align workers’ performance with shareholder interests. But stock-based compensation also creates accounting distortions that add risks to unwitting investors—especially as growth company valuations face increased scrutiny today.
Investors continue to question whether US equity valuations are too high, particularly for growth companies and versus other global markets. But standard valuation metrics don't tell the whole story. Understanding the cost of capital can provide essential insight on valuing stocks.
Technology unicorns are in the spotlight, with Uber's high-profile IPO expected this week. As scrutiny of their business models intensifies, we think investors should also ask tough questions about publicly-traded companies with high sales growth but scant cash flows.
In the game called the quarterly earnings season, positive surprises have become so commonplace among US large-cap stocks that they've nearly lost all meaning. We wonder why investors keep playing along.