Performance – Semi-annual Review During the first six months of 2013 our Equity accounts advanced approximately 14.5% and our Balanced accounts increased approximately 10.5%. This compares to a total return of 13.8% for the S&P 500 and -2.4% for the Barclays Aggregate Bond index. Despite generating positive overall returns, our performance continues to be hampered […]

Companies in Transition: Price vs. Fundamentals Opportunities to purchase undervalued investments often occur when businesses embark on meaningful and lengthy transitions. Unlike most investors, we have never shied away from situations which require us to roll up our sleeves and engage in a little extra work. Frequently, these are companies forced into evolving because the […]