We undertake rigorous bottom-up and top-down analysis to identify quality businesses that will be materially stronger and more profitable in seven+ years’ time.
Our process involves thorough research on the company, its industry, its competitors, ‘scuttlebutt’ observations, its opportunity for next legs of growth, ability to re-invest in its business at high rates of return, its competitive and sustainable advantages and moats.
This philosophy and process results in a high-conviction long term core portfolio of businesses that has:
- predicable revenues and earnings;
- ability to invest significant amounts of capital in their business at high rates of return;
- high operating margins and free cashflow metrics over time;
- strong balance sheets; and durable competitive advantages.