Value Investment Principals seeks unique “Deep Value” equity opportunities Globally.Our ideal stock also has Growth, Industry Leadership, High FCF/Dividends & Catalysts.
• 50% Recos are Industry Leaders • 2/3 are in Growth Industries • Focus on Strong BS, FCF, ROE • 25% Recos had Activism, M&A
• 1/3 US, 1/3 EAFE, 1/3 Asia/EM • 1/3 Large-cap, 1/3 Mid, 1/3 Small • All Sectors, Small to Mega-cap • Recos – 1 to 3 years duration
• Many Net Cash, Net-Net Ideas • P/E much below 10 • P/B < 1, EV/ EBITDA < 3 • Avg. 5% - 8% Dividend Yields
• US: First Eagle, Royce, Ruane Cunniff, Barrow Hanley, IVA, Advisory, Putnam • EUR: Pictet, GAM, Schroders, Oldfield, Waverton, Veritas, R&M, TCI
• Buying at Multi-year Lows • 50 – 150% Upside • Contrarion, Anti-Consensus • Ideas with No Coverage
• 1 New Idea Each Month on an Average • 30-35 or more Live Recos • 25+ page Initiation Reports • 5 year IS/BS/CF + DCF Models
