At Lountzis Asset Management, LLC, we are focused upon maximizing the long term after-tax returns for our clients across 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 primarily within public market equity and fixed income securities, in addition to select private market opportunities, across a broad range of businesses with solid operating and financial fundamentals, led by capable management teams at attractive prices.
We seek to purchase securities selling at significant discounts to their underlying worth, and importantly, understand that growth is a component of value. 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.
Our 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 company characteristics:
- Superior returns on equity or capital over long periods of time;
- 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 represented by a share price significantly below the business’ intrinsic value.