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RESEARCH PROPELS THE
SEARCH FOR VALUE
Good investment ideas
are valuable. They must be thoroughly researched and diligently
pursued. Indeed, investment success is the result of understanding
a business, its capital structure and its securities. It is MJ Whitmans
objective to know more about each investment
situationand from a decidedly unique perspectivethat
differentiates our ecommendations from those of other investment
firms.
The MJ Whitman value
approach to investing is based on stringent "bottom-up"
analysis, which emphasizes the detailed study of individual companies
and securities. This is fundamental analysis with the ultimate goal
of understanding a business intimately and thoroughly, with all
idiosyncrasies appreciated. After exhaustive analysis of a business
and its securities, MJ Whitmans analysts arrive at a judgment
about those securities in the context of the prices at which they
are selling. SEC filings, financial statements, stockholder reports,
field research, management interviews and industry publications
are the focus of MJ Whitmans research effort. Trends, sectors,
cycles and psychologies of the overall market are virtually ignored.
MJ Whitman combines
strong research expertise with our experience in the financial markets
to develop innovative investment strategies tailored to meet specific
client needs, for both individuals and institutions. The research
and trading professionals at MJ Whitman work
together to conduct the detailed company-specific research and apply
the market knowledge necessary to arrive at each investment decision.
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