Salient to Investors:
Greg Jackson at Jackson Park Capital looks for any size stocks of companies with:
- A shareholder-oriented management team, with CEOs owning stock in their companies.
- Strong insider buying and buying in the open market with cash that’s at least six figures in value, not acquiring shares through a stock option plan.
- Jackson said he and partner John Park have one client only, their own fund.
- High free cash flow. The book “The Outliers” profiles 8 very successful CEOs and talks about how redeploying cash flow is just as important as running the business correctly.
- CEOs who are agnostic and say when their stock is cheap they buy it back and when it’s expensive they use it as currency.
- Company growth in the high single-digits and low double-digits, and with the dividend you are going to get a total return in the teens.
- Preferably conservative balance sheets.
- Mega-caps worldwide that we know well.
- Their fund is 15 percent international and is completely agnostic on market-cap and country.
- US companies are cheap relative to other countries where there’s less stability, such as France, and given the stable US economy and quality of the companies.
- Their biggest weighting is in specialty pharmaceuticals.
- David Herro at Oakmark Intl Fund, and David Samra at Artisan Intl Value are shareholders.
Read the full article at http://www.bloomberg.com/news/2013-09-06/a-fund-s-value-having-skin-in-the-game.html
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