"Creating
Value over the longer term"
Deans Knight's objective is to provide investors with a superior long-term rate of return on capital. We accomplish this by buying businesses that have a sustainable competitive advantage, a proven track record, a strong balance sheet, and a financially committed management team through ownership (not stock options). Most importantly, we attempt to buy these businesses when we feel the public market is mispricing them in our favour (i.e. causing them to be undervalued).
This investment approach requires investors to be disciplined and focused on the long-term viability of a business. Investors with a short-term focus tend to react to news such as the unemployment rate or quarterly earnings and will then put too high, or too low, a value on a company. Ultimately, the price paid for a company is the most important determinant of value creation for investors in the long run.
Portfolio Characteristics:
Average market cap of companies purchased: $200 - $500 million
Concentrated Portfolios
Low Portfolio turnover
For more information on Deans Knight's Equity Strategy click here to view a recent PowerPoint presentation.
Annualized Returns as of March 31, 2008
Note: Returns greater than one year are annualized. The Fund's past performance is no guarantee of how it will perform in the future.
Quarterly Report
For a recent Quarterly Report, and selected past reports, go to the Library. The intention is to provide you additional information about our investment discipline and style. For more detailed information, please contact us at 604-669-0212 or by email at info@deansknight.com.
