The MJ Whitman approach encompasses a number of specialized investment niches, including securities selling at a discount to the  underlying value of the issuer, event-driven situations and resource conversion opportunities. MJ Whitman’s value philosophy and  research methodology are consistently applied when investigating each investment situation. Each step, from analysis through the selection  process, receives thorough attention. 

Equity Securities 

MJ Whitman seeks out investments in companies that possess strong financial positions and whose equity securities can be acquired at a  substantial discount to a conservative estimate of the issuing company’s private market value or takeover value. Attractive investments exhibit four essential characteristics: 

The issuing company has a strong financial position, measured by an absence of significant encumbrances, whether on or off the balance sheet, and the presence of high quality assets. 

The company must be run by a management that exhibits competence as operators and that seems to share a common interest with outside, passive minority shareholders. 

Comprehensive and meaningful financial and related information is available, providing reliable benchmarks to aid in understanding the company, its values and its dynamics. 

The market price lies substantially below a conservative valuation of the business as a private entity, or as a takeover candidate. 

High Grade Bonds and Collateralized Mortgage Obligations 

MJ Whitman’s capabilities span the entire spectrum of fixed income instruments, including certificates of deposit, corporate bonds, mortgage-backed securities, asset-backed securities, agencies, treasuries, and municipal bonds.

Their expertise translates into innovative strategies for MJ Whitman’s clients. Real Estate Mortgage Investment Conduits (REMICs) can be tailored to a client’s individual maturity and interest rate risk profiles. From short-term, stable money market alternatives to higher-yielding mortgage derivative securities, MJ Whitman offers clients valuable market insight as well as customized investment advice. 

MJ Whitman assists clients in structuring portfolios that meet their specific investment goals, while catering to their individual levels of risk aversion. Our traders use their extensive market experience to determine value across sectors and between individual bonds. Working with a client’s specific duration, quality, and cash flow parameters, MJ Whitman helps create innovative investment opportunities in the fixed income arena.