We believe that companies with improving returns on invested capital will see earnings growth accelerate and valuations expand.
1
Identification and Analysis
Process
- Company Interviews
- Industry Analysts
- Identify Growth Drivers
- Capital Allocation and ROIC Trends
Results
100-200 Stocks
2
Valuation
Process
- Market Dominant Franchise
- Balance Sheet Strength
- Valuation Range
Results
70-80 Stocks
3
Portfolio Construction
Process
- Conviction Weighted
- Economic Diversification
- Patient Sell Discipline
Results
40-55 Stocks
A process that emphasizes companies with improving Returns on Invested Capital
An experienced investment team that identifies high return businesses without getting lost in market noise
A low turnover portfolio with High Active Share and market dominant franchises
Scott S. Pape, CFA, CIC
- Vice President, Portfolio Manager
Quentin Ostrowski, CFA
- Vice President, Senior Research Analyst, Principal
