Traditional Equity Management

Investment Process Overview: Fundamental Analysis

• Research analysts evaluate companies that meet our value and quality parameters. Primary areas of focus include:
  
  
  • Earnings forecasts and financial statement analysis
    
    Revenues, margins, and earnings
    Free cash flow generation
    Return on invested capital
    Balance sheet integrity
    
    
  • Absolute and relative valuations
    
    
  • Industry analysis and positioning
    
    
  • Management assessment and incentives
    
    
  • Sector, industry, and economic outlook
    
    
• Potential purchase ideas are reviewed by our investment staff, culminating in a decision by our Investment Policy Committee