Gregg J. Powers, who today serves as PCM’s CEO and Lead Portfolio Manager, joined PCM and Collier Family operations in 1988. A technologist by inclination and a healthcare analyst by training, Gregg gained exposure to a broad range of Collier Family business interests, including residential and commercial real estate development, agricultural operations, banking, media and oil & gas. These experiences fostered in Gregg an intimate understanding of operating businesses and instilled in him an owner-operator mentality that remains central to the way PCM approaches public equity investments. This owner mentality continues to guide us today, reflected in our time horizons, our focus on free cash flow, as well as our investment mindset that begins our diligence of potential investments with the fundamental question: would we be owners of this business?