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Professional Investment Advice
Value investing
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"...the market is not a weighing machine, on which the value of each issue is recorded by an exact and an impersonal mechanism, in accordance with its specific qualities. Rather should we say the market is a voting machine, whereon countless individuals register choices which are partly of reason and partly of emotion." Benjamin Graham & Christopher Dodd, Security Analysis
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Overview
Colbert Investment Management Co. (CIM) is an independent Investment Adviser established in 1997 and a Registered Investment Advisor (RIA) under the Investment Adviser Act of 1940.
Investment Objective
Colbert Investment Management is a value-oriented stock specialist that seeks long-term capital appreciation through the creation of diversified portfolios. The firm’s goal is to achieve above average results, as compared to the S&P 500 Index, over a full market cycle. Portfolios are usually fully invested to minimize market-timing risk.
Investment Discipline
We invest in companies whose value we believe far exceeds their current stock market capitalization. As the underlying business improves over a period of time, its stock price should increase.
Colbert Investment Management’s bottom-up approach identifies businesses, which we believe are under valued. We select businesses based on their free cash flow, management ownership, competitive position, private market value estimates, and other financial metrics. Our client portfolios are diversified with approximately 20 to 40 holdings.
We sell a holding when our reason for buying no longer exists, or due to a non-temporary deterioration of company fundamentals, or when a better investment is available.
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