Not Your Typical Value Investors
At Boyar, we're not your typical value investors. At heart, we are business professionals with an eye for opportunity.
- We actively seek out great companies that have fallen victim to market inefficiencies.
- We turn these inefficiencies into opportunities for our clients.
We take a company's existing financials, tear them apart, and rebuild them in accordance with economic reality. We are looking for discrepancies between book value and intrinsic value.
We believe that investment success arises from taking advantage of favorable discrepancies between these two values.
"What sets us apart from others is curiosity and the ability to find these things that are not readily apparent. That’s the key."

Mark Boyar
Founder
We assist our clients through two separate and unique companies
Independent research conducted using a long-term business owner's approach to stock market investing.
Since 2009 the average annual return (three years from the date of publication) of each company profiled in our flagship publication Asset Analysis Focus was 19% versus 13.50% for the S&P 500.*
Bespoke, value-oriented money management for institutions and private clients.
Utilizing our own in-house research, we carefully craft our portfolios around your specific needs, goals, and risk profile.
And we've been doing so since 1983
The Boyar Difference

Our Patience is Renowned:
Barron's has called our founder "the world's most patient investor." We strive to uphold that reputation and consider it to be a competitive advantage.
We're not shy about arriving to the party early and then waiting for the crowd to show up. The entry fee is quite often significantly more attractive, and the exit fee (read: "taxes") is much less burdensome.
Our typical targets are companies whom we expect to appreciate in value considerably over a two-to-five year time frame.
We Look Where Others Do Not:
It's difficult to find something "undiscovered" if you only travel the paved roads.
We look across the market capitalization spectrum and across sectors in our search for value. We have to.
As a result the companies we end up focusing on are generally not on the radar of the wider market (or they are out of favor for reasons we believe to be temporary in nature).
As legendary investor Sir John Templeton said, "If you buy the same securities everyone else is buying, you will have the same results as everyone else."
We're Catalyst Driven:
No matter how cheap the stock is, the greatest company in the world isn't worth owning if it doesn't appreciate in value.
It is much easier to be patient when you know what you are waiting for.
Finding an undervalued stock is only one part of the equation. For us to find a stock attractive it must also have a catalyst on the horizon, something to spur capital appreciation.
Overtime we have found several catalysts to be quite effective, and we look for them when evaluating each investment opportunity.
We Are Independent:
Our success is tied to our clients' success, not to trading or banking revenue. Thus, our research remains independent.
Our independence allows us to provide our clients with an unbiased analysis of opportunities, no matter where we may find them.
We are able, and we believe it is our job, to make controversial calls if we feel they will benefit our clients.
“It’s been 15 years since I received my first edition of the Forgotten Forty, and I’ve never been disappointed...There is no doubt, Boyar has added ‘alpha’ to my clients’ total return over the years.”
PG Capital Management, LLC | *Boyar Intrinsic Value Research Client





