Philosophy

We see potential in what others overlook.

VVALUE INVESTING. We are value driven, investing in companies that we believe are trading significantly below their underlying value, and over time will appreciate to reflect their legitimate worth.

A RESEARCH ORIENTED APPROACH. An underlying tenet is that diligent research is fundamental to prudent investment decisions. We employ a “bottom-up” approach to our research, looking at each candidate as if we are buying the company, not just a tradable security.

LONG-TERM OUTLOOK MATTERS. We believe that a consistent methodology to efficiently identify the most promising portfolio candidates for long term performance will provide superior risk-adjusted returns

UNDERSTANDING THE ISSUES. By examining the risks, as well as the potential rewards, from investment in each company, and then building a portfolio one stock at a time, we create the foundation for a sound portfolio.

EVERYONE IS TEAM FOCUSED. All members of the investment team incorporate the same philosophy and process, focused on understanding and evaluating opportunities in our smaller company universe.

“Principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate.”Benjamin Graham