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| Our Unique Approach | |
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Our Investment Process-Finding Portfolio Candidates We develop a dynamic list of portfolio candidates from a number of sources, both internal and external. We look for stocks with limited institutional recognition or sponsorship or are otherwise out of favor with the crowd. We utilize powerful database screening tools to find stocks of companies with specific financial and/or valuation characteristics. We’ve developed relationships over the decades with “idea generators” at firms ranging from one-person research boutiques to the largest Wall Street houses who understand our investment philosophy. Our Investment Process-Evaluating Portfolio Candidates We believe it is vitally important to perform our own intensive, fundamental research when evaluating portfolio candidates. Below are key fundamental factors. Valuation Parameters - Price/Earnings - Price/Sales - Price/Private Market Value - Enterprise Value/Free Cash Flow Financial Strength - Leverage - Returns on Invested Capital - Free Cash Flow Generation - External Financing Needs Management - Integrity and Competence - Ownership of Stock - Building Shareholder Value |
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