|
| Determine the sustainability
of the business, drivers of earnings, barriers to
entry, and competitive advantages. |
|
| Focus on companies generating
cash earnings and assess the quality and character
of those earnings to determine the net cash flow
from the business. |
|
| Examine the relevant
claims against that net cash flow and determine
their necessity to maintain and grow the business.
Evaluate how management will use this "free cash
flow"; value the cash flow stream and compare it
to the enterprise value to determine the attractiveness
of the investment. |
|
| Identify management
with a reputation and demonstrated ability to create
shareholder value. |
|
| Identify, where possible,
hidden, undervalued or underutilized assets, especially
in small and mid cap companies where many companies
are under-researched. |
|
| Our services differ
from one another largely because of differences
within the universe of securities eligible for purchase
and the portfolio construction techniques appropriate
for the creation of rich profiles sought by the
client. |
|
