Value Investing Philosophy

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Value Is About Perspective.

So many equity investors focus on near-term earnings and market developments. We investigate and analyze the companies we own for our clients part-by-part and from the bottom up to identify long-term shareholder value. Our research is proprietary and driven by the conviction that the durable free cash flow a company generates is the best predictor of long-term worth.

Company Value Can Be Destroyed By Poor Management.

Frequently, quantitative driven investors ignore that companies are run by people.  We believe a thorough understanding of a company’s value potential for shareholders combines both rigorous quantitative analysis and a nuanced  assessment of management teams, operating vision and execution capacity.  Competence, compensation structure, insider ownership and overall alignment with shareholders are key indicators of whether a valuation mis-match we identify presents an investment opportunity or is simply an accurate reflection of a broken company.

Deep Value Opportunities Require a Longer Horizon.

Our goal is to invest in companies at price points that reflect a 40% to 50% discount to fair value. When businesses trade at these levels of discount, we understand that there is a reason. We are comfortable with multi-year investment horizons to allow for business operations to improve and the valuation gap to begin to close. Our multi-year investment horizon (frequently 3 – 5 years) also results in lower overall trading costs and a tax efficient portfolio.

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Talk to us if you are looking for a unique, value-focused manager committed to:

Fundamental Research

Fundamental Research

Multi-Year Opportunity Horizons

Multi-Year Opportunity Horizons

Long-Term Capital Preservations and Growth

Long-Term Capital Preservations and Growth

Tax Efficiency and Reduced Portfolio Turnover

Tax Efficiency and Reduced Portfolio Turnover

Top-Tier Performance Over More than 30 Years of Managing Client Portfolios

Top-Tier Performance Over More than 30 Years of Managing Client Portfolios

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Give us a call. Speak with an owner.

Contact An Investment Advisor