​​​​​​​​​​...Knowledge breeds conviction ​and conviction breeds success...

 

How we do it

 

We look at the investment and economic landscape and ask ourselves…

Where are the clouds, changes and​ opportunities?

 

Our Equity Investment Process

 

Opportunistic Style - Time Tested - Not Benchmark Driven

 

​Core Long Term Criteria

 

• Fundamental Screens and Criteria - searching for Great Businesses that can grow our clients' capital

• Qualitative Screening and Criteria

• • Overall view on Management quality

• • Is Management Aligned with Shareholders?

• • Sustainability of Business and Franchise

• • Capital Allocation Policies and Track Record - Are they compounding shareholder capital?

• Use Valuation to Enhance our Margin of Safety – Minimize Price Risk and Protect our Capital

• Rigorous Fundamental Research - building our Knowledge and Conviction

• Business and Economic analysis​ - Sector Focuses, Business Dynamics

• Risk Management - Valuation, Fundamental and Business Review

 

​Tactical Approaches

 

• Mispriced Growth – Positive changes in business dynamics that are undiscovered

• Uncommon Value – Great businesses under a cloud or undiscovered

• Special Situations - Mergers, Spin Offs, IPOs, Reorganizations, Bankruptcies, Event Driven - where undervalued or undiscovered franchises or assets can be uncovered via equity or debt investments

• Cyclical Growth – Undervalued companies that are expected to benefit from economic and business cycle changes

• Contrarian – Companies that are out of favor with substantial franchise value