We are value investors seeking to purchase securities at substantial discounts to their intrinsic value. We are flexible in our approach and are able to pursue investment opportunities in a broad array of industries and companies of various sizes.

Our research intensive process begins with ideas generated from a variety of sources including business publications such as Value Line, The Wall Street Journal, Forbes, Fortune, etc., as well as from company management teams, competitors, customers and contacts we have established over the past 15 years.

After an idea is generated an intensive financial analysis is conducted evaluating the firm as well as its competitors. If the stock price is substantially below our valuation, we continue the research process. Additional interviews and meetings are conducted with the company as well as competitors, customers, suppliers, consultants, etc.

This primary field-based research supplements and enhances our understanding of the company’s core financial characteristics and the fundamentals of the industry in which it operates. In fact, many of our best ideas have come from our field-based research speaking with competitors, customers, suppliers and other knowledgeable industry experts.

This in-depth research is conducted in order to further enhance our knowledge of the company and its industry, leading to greater clarity and conviction in our investment decisions.