Traditional Equity Management

Investment Process Overview: Sell Disciplines

• As stocks fall below the top 4 deciles in our Fundamental Value Model, they are scrutinized for possible sale
  
  
• Stocks are sold when:
  
  
  • They become fairly valued
    
    
  • An upgrade opportunity develops
    
    
  • The original investment thesis materially deteriorates
    
    
  • The Fundamental Value rank falls to 7 or worse

Limited exceptions when justified

Our sell disciplines are designed to capture profits, limit losses, and ensure style consistency.