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