About Footprints

Wealth creation begins with a sound investment philosophy that is adhered to through all market conditions. At FAMR, we consistently practice the Absolute Value Investment Philosophy.

As Absolute Value investors, we seek opportunities that minimize price risk and, based on a company's absolute value, display a high potential to create wealth over the long term.

To manage price risk, we identify companies that are out of favor, distressed, or unpopular under the current market conditions and are selling at or near their book value, or net asset value. We then determine if the company is being unfairly valued, which would provide a buying opportunity at a reduced price.

To determine if the company is being unfairly under-valued, the FAMR research team peels back the layers of each potential company to evaluate every aspect of the company. We derive the company's absolute value from a multitude of variables, including management's competency and experience, earnings potential, free cash flow, current debt, replacement cost and sector fundamentals, to name just a few aspects.

After assessing a company's absolute value, we then determine if enough disparity or gap exists between our assessed 'Absolute' value and its current market price. This gap represents our margin of safety. FAMR's investment decisions are based on the margin of safety.

Investment Process

Our investment process is an on-going search for value-priced investment opportunities. We continuously source ideas from a variety of venues, looking for companies whose stock is priced at or near their book value per share. Of those potential opportunities , we gather a vast amount of data and information from a multitude of sources to assess each company's absolute value.

All viable opportunities, based on our assessed margin of safety, are then presented to the Portfolio Manager. The Portfolio Manager makes all portfolio investment buy-hold-sell decisions.

Research Process

Our research process starts by identifying companies whose stock is priced at or near its book value per share.

We then gather vast amounts of data about each potential investment and assess, through in-depth analysis, its absolute value.

After we assess a company's absolute value, we then determine if enough disparity or gap exist between our assessed value and its current market price to create wealth over the long term. This gap represents our margin of safety.