Investment Approach
classic value investing tenets as pioneered by
Benjamin Graham and others.
Our bottom-up research process focuses on both fundamental analysis and primary research while maintaining a
long-term framework to identify potentially unique investment opportunities. We seek to identify companies that we
believe provide the opportunity for substantial capital appreciation while maintaining a “margin of safety.”
Our firm’s niche includes identifying the true normalized earnings power of small and
mid-capitalization companies. Although we are industry agnostic, the businesses that we tend to
be drawn to are often in cyclical industries that are experiencing challenging conditions, while
ignored or misunderstood by many on Wall Street.
we focus on include:
Strong free cash
flow generation
Management teams
with an astute focus on capital allocation
Strong insider
ownership
Fallen angels and
under-followed companies
Spinoffs and other
special situations