VALUE GROWTH

The Value Growth Portfolio seeks long-term capital appreciation by investing in quality mid and small businesses at discounted prices. Our systematic and proven investment discipline of Value and Quality has provided our clients with consistent and constructive results since its inception in 1995.

Our portfolio is best suited for those investors who are seeking long-term capital appreciation, the benefits of small and mid-cap value as a core asset class, and a long-term relationship with their investment manager.

Using quantitative and qualitative measures, we reduce the universe of possible investments to a manageable list for evaluation. Only after thorough due diligence and discussion with the Investment Committee do we build a new position. Typically, our Value Growth Portfolio will include 30-35 companies. Historically, we have found that mid and small-cap companies have offered superior returns. We search the universe of stocks within this sector and evaluate them based on our time tested discipline.

Portfolio managers: David Neal and Charlie Mahar



The Investment Process:

  1. Valuation: Discounted valuations have demonstrated superior long term results.
  2. Profitability: Return on Equity and Free Cash Flow margins provide for intrinsic value.
  3. Strategic Analysis: A sustainable, competitive advantage provides on-going opportunities for growth.
  4. Qualitative Judgement: Quality of management coupled with industry bias can also provide growth opportunities.
  5. Portfolio Management: Regular monitoring of each portfolio position as to expectations, catalysts, and results.