• Founded in 1989.
• Over $1.5 Billion Under Management.
• Clients Include High Net Worth Individuals & Institutional Investors.
• Nineteen Employees, Eleven Research Professionals
• Firm Partners Have All Invested A Significant Portion Of Their Net Worth In The Firm's Strategies.

Investment Focus

• Predominantly Micro-Cap & Small-Cap U.S. Equities.
• Original, Fundamental Research.
• Sectors: Technology, Healthcare, Energy, Consumer, & Financial Services.

Fundamental Philosophy

• Research Intensive Process.
• Firm Seeks To Be A Long-Term Investor In Companies With Favorable Growth Potential.
• Buy Companies At Significant Discounts To Intrinsic Value: Maximizes Returns And Limits Downside Risk.
• Recognizes Importance Of Motivated & Capable Management; Face-to-Face Assessment Is Critical.
• Concentrated Portfolio.
• Investment Candidates Identified Through Industry Contacts And Primary Research.
• We Seek To Have Tax Efficient Portfolios: Average Holding Period For Investments Is Generally Two Years.
• Limited Short Selling.
• We Are Not Momentum Investors.