At Lountzis Asset Management,
LLC we are focused upon maximizing the long term after
tax returns for our clients in various economic and
market conditions while emphasizing the preservation
of capital. This is our only objective.
To attain our investment objective, we invest the
capital entrusted to us in the equity securities of
businesses with solid operating and financial fundamentals,
led by capable management teams at attractive prices.
We are value investors seeking to purchase securities
selling at significant discounts to their underlying
worth. Our value-based approach to selecting securities
emphasizes significant primary field-based research
and analysis to identify securities selling at discounts
to their "intrinsic value". A defined "margin
of safety" is sought to reduce risk, seeking to
prevent permanent capital loss, as well as provide for
meaningful appreciation once the market recognizes the
company’s true value.
The value approach is grounded in a "bottom up"
analysis of underlying company fundamentals with a specific
focus upon a variety of factors including the following
- Superior returns on equity over long periods of
- Sustainable competitive advantages, generating
both attractive and predictable future prospects resulting
in rising cash earnings;
- Shareholder oriented management teams with proven
operating and capital allocation skills to maximize
the long-term value of the enterprise; and
- Attractive valuation levels, with a "margin
of safety", that is, a share price significantly
below its "intrinsic value".