A Half Century of Uncovering
Hidden Value in the Markets

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 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."

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.

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.