Lakewood Asset Management employs a disciplined value oriented strategy.  Our primary focus when looking for ideas to invest is valuation.  History shows that valuation is a critical determinant of performance over the long term.  Our process is outlined below:

  1. Discovery - Stock screens, financial publications, Investing blogs
  2. Research - Select top ideas, Research annual reports, SEC filings, Industry analysis
  3. Implementation - Portfolio construction, 20-30 securities, risk management
  4. Monitor - Company news, listen to earnings calls, monitor valuation, continue research
  5. Sell - Intrinsic value exceeded, deteriorating fundamentals, more attractive alternavives, mergers and aquisitions