Investment Process ■ Research Process
Our research process originates in a fervent emphasis upon high-quality companies. These companies share certain distinguishing characteristics including:
- Financial Strength
- Superior Profitability
- Exceptional Management
- Above-Average, Long-Term Earnings/Dividend Growth
- Strong Cash Flow
By virtue of these defining features, high-quality firms stand as attractive, low-risk investment vehicles.
Beyond this central adherence to high-quality companies, however, a strong commitment to original research represents an equally integral component of our process. Cooke & Bieler views investing as the process of buying long-term ownership interest in a business enterprise. Applying this unique perspective, our portfolio managers/research analysts submit all potential investment candidates to a thorough review that specifically underscores both the risks and long-term opportunities relevant to the underlying business. This approach reduces the uncertainty in investment decisions and ultimately permits Cooke & Bieler to maintain concentrated equity portfolios.
Potential Investment Ideas/Opportunities:
- 2,700 Companies
General Market Capitalization Ranges:
- Large Cap : $2 billion and above
- Mid Cap : $500 million to $10 billion
- All Cap : $500 million and above
Thorough Internal Research
- Fundamental Company Analysis
- Frequent On-Site Company Visits
- Intrinsic Value Assessment
Important Element of Research Effort
- Ten-year discounted cash flow model
- Create forward looking income statement using internal inputs
