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Investment Strategy:

  • We focus on companies that we believe are selling at deep discounts to our appraisals of their intrinsic values.
  • We use both quantitative and qualitative factors.
  • We focus on the fundamental principles of balance sheet, income statement, and cash flow analysis, as well as current and historical financial ratio analysis and the financial ratio analysis of mergers and acquisitions that have occurred in a company's specific industry.
  • We focus on key revenue drivers of the business, its risks/headwinds, its potential rewards, its unique characteristics, if any, and the industry dynamics in which the company participates.
  • The valuation methods used to determine the intrinsic value of a company include one or more of the following: historical analysis, segment analysis, free cash flow analysis, acquisition analysis, leveraged buyout analysis, and discounted cash flow analysis.
  • This strategy is not constrained by market size or capitalization. Therefore, a significant portion of portfolio assets may be invested in micro-, small-, medium-, or large-cap companies with one market capitalization being more heavily-weighted over the other at any given time.
  • This strategy may hold high levels of cash and cash equivalent holdings for extended periods of time if the portfolio manager believes cash and cash equivalent holdings represent a greater or equal value relative to alternative investments.
  • While this strategy will typically invest in common stocks, it may also invest in other security types which may include, but are not limited to, corporate bonds, municipal bonds, government bonds, notes and bills, convertible stocks, convertible bonds, mutual funds, exchange-traded funds ("ETFs"), warrants, rights and options.

Our Commitment

It is one of our core beliefs that as the advisor, we invest our own money in the same investments as our private clients and mutual fund shareholders. Therefore, our officers, employees, and their families have a substantial amount, if not all, of their investments in one or more of the private account and mutual fund strategies that we manage.

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Footnote and Disclosures

A full description of strategies, composites and investment advisory fees are supplied in our Form ADV Part 2A.

Past performance of markets, strategies, composites, or any individual securities is no guarantee of future results. The performance of accounts in any Century Management composite may be materially different from account to account and from the composite itself. Differences that may affect investment performance include but are not limited to cash flows, inception dates, historical prices, asset size, market conditions, portfolio holdings, and fees. Positions within a composite may not be the same from one account to the next. Individual securities within a composite may be traded at different times as well as receive different execution prices. In addition, accounts within a composite may be pursuing similar investment strategies, but may have different investment restrictions.

Investment in Century Management composites are subject to investment risks, including, without limitation, market risk, interest rate risk, management style risk, business risk, regional risk, sector risk, small cap risk, low-rated securities risk, liquidity risk, maturity risk, mortgage risk, extension risk, and other risks related to equity and fixed income securities.

It should not be assumed that any of the holdings, sectors, recommendations, or characteristics discussed on this website will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable. Century Management reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.