This document discusses opportunities for distressed funds in South Africa. It begins with defining distressed assets and distressed private equity, noting they involve undervalued assets where investors believe the market underestimates the asset's value. It then outlines various distressed private equity strategies including passive trading, active trading, restructuring, and turnaround. Examples from the US, Europe and emerging markets are provided. The presentation concludes by discussing South Africa's business rescue regime and how it could enable distressed strategies in the country.
The document discusses whether companies' cash flows can continue to support high levels of share repurchases. It notes that share buybacks by S&P 500 companies have increased significantly in recent years and are expected to rise further in 2015. However, the document argues that cash flows at some companies may come under pressure due to rising costs from restructuring programs and pension obligations. It examines four companies - Cisco, General Mills, Coca-Cola, and Philip Morris - that have high buyback levels but may face tightening cash flows due to factors like declining margins, negative sales growth, and increasing debt. The document questions whether such companies can sustain high repurchases and whether buybacks represent the best use of corporate cash.
Rod Smith • National Planning Corporation
- What is your investment style? by Ron Rowland
- Solid, if unspectacular, full-year 2014 GDP—even as Q4 disappoints
- What volatility derivatives can tell you about the stock market by Lawrence G. McMillan
- Promoting a partnership approach (Brian Glaze & Larry Ware, LPL Financial)
The document summarizes the investment strategies and approach of Geoinvesting.com, which focuses on identifying undervalued microcap stocks. Some of their main strategies include buying stocks that are underreacting to good news ("Buy on Pullback"), targeting companies that may be acquisition candidates, and investing in turnaround situations. They provide several case studies of past investments that achieved significant returns, such as NV5 Global, GTT Communications, Zynex, and Vocus, to illustrate how they successfully implemented these strategies.
20170421 Gator Financial Industry PresentationDerek Pilecki
The document provides an overview and analysis of opportunities in the financial sector following changes in Washington. It summarizes recent performance of financial stocks, ways the sector could benefit from tax cuts, deregulation, higher interest rates, and economic growth. It then discusses attractive sub-sectors and provides details on potential long investments in financial guaranty firms, consumer finance, bank warrants, and alternative asset managers.
This document discusses opportunities for distressed funds in South Africa. It begins with defining distressed assets and distressed private equity, noting they involve undervalued assets where investors believe the market underestimates the asset's value. It then outlines various distressed private equity strategies including passive trading, active trading, restructuring, and turnaround. Examples from the US, Europe and emerging markets are provided. The presentation concludes by discussing South Africa's business rescue regime and how it could enable distressed strategies in the country.
The document discusses whether companies' cash flows can continue to support high levels of share repurchases. It notes that share buybacks by S&P 500 companies have increased significantly in recent years and are expected to rise further in 2015. However, the document argues that cash flows at some companies may come under pressure due to rising costs from restructuring programs and pension obligations. It examines four companies - Cisco, General Mills, Coca-Cola, and Philip Morris - that have high buyback levels but may face tightening cash flows due to factors like declining margins, negative sales growth, and increasing debt. The document questions whether such companies can sustain high repurchases and whether buybacks represent the best use of corporate cash.
Rod Smith • National Planning Corporation
- What is your investment style? by Ron Rowland
- Solid, if unspectacular, full-year 2014 GDP—even as Q4 disappoints
- What volatility derivatives can tell you about the stock market by Lawrence G. McMillan
- Promoting a partnership approach (Brian Glaze & Larry Ware, LPL Financial)
The document summarizes the investment strategies and approach of Geoinvesting.com, which focuses on identifying undervalued microcap stocks. Some of their main strategies include buying stocks that are underreacting to good news ("Buy on Pullback"), targeting companies that may be acquisition candidates, and investing in turnaround situations. They provide several case studies of past investments that achieved significant returns, such as NV5 Global, GTT Communications, Zynex, and Vocus, to illustrate how they successfully implemented these strategies.
20170421 Gator Financial Industry PresentationDerek Pilecki
The document provides an overview and analysis of opportunities in the financial sector following changes in Washington. It summarizes recent performance of financial stocks, ways the sector could benefit from tax cuts, deregulation, higher interest rates, and economic growth. It then discusses attractive sub-sectors and provides details on potential long investments in financial guaranty firms, consumer finance, bank warrants, and alternative asset managers.
The following empirical studies are to display the effectiveness of Enhanced Dynamic®, with independent, style-adherent,
active investment managers for the past 1-3-5-7-10 and 15 years..
These illustrations and graphs are based upon the eVestment Alliance investment manager database and provide a consistent comparison and display. Investment manager results are a composite of the top 35% of the active style-adherent managers in the database, to avoid concerns of “cherry-picking” of individual manager candidates.
We have determined that independent, style-adherent, active equity managers combined with the Enhanced Dynamic® overlay methodology provides significant benefits in both higher returns, and lower down-side capture.
Enhanced Dynamic® was applied consistently within these exhibits, without the benefit of any market timing, tactical asset allocation, security or index selection, or deviation from the Enhanced Dynamic® methodology.
Please refer to the Disclosures section within the http://www.enhancedinvesting.com and http://www.enhanceddynamic.com Web sites for further discussion.
Carfinco Financial Group Inc. is a uniquely positioned auto finance company that has delivered consistent 20%+ annual growth. It provides financing to "non-prime" credit applicants, with a principal balance of $205 million and over 20,000 customers as of March 2013. The presentation highlights Carfinco's competitive position, growing loan portfolio, impressive returns, experienced leadership, and analysts' positive outlook. It argues that Carfinco is well positioned for continued strong growth amid economic volatility.
Six Sigma is a data-driven approach to reducing process variation and improving quality. It aims for 99.99966% perfection by identifying and eliminating defects. The Six Sigma investment process focuses on reducing investment variation to produce consistent, predictable returns for investors. It uses risk analysis, measuring risk-return relationships and consistency to validate investment strategies that meet expectations over the long run.
The survey found that institutional investor sentiment toward IPOs is extremely positive globally. 82% of investors surveyed have invested in IPO or pre-IPO stocks in the last 12 months, compared to only 18% in the past 2-3 years. Investors cited brighter earnings outlooks, improving macroeconomic conditions, stable markets, and higher risk appetite as factors that could further improve sentiments. Investors look for good quality companies priced attractively that are led by the right management team and have a compelling growth story, regardless of market conditions. Preparing well for an IPO is critical for success.
The document discusses the potential return of large cap stocks as an attractive investment for high net worth individuals. It notes that large caps have kept pace with small caps so far in 2011, beating earnings estimates. Some analysts think large caps appear undervalued compared to small caps and may benefit from economic growth. A shift appears to be underway as investors move money from emerging markets and other assets back into large cap domestic stocks.
This document provides an overview of the fundraising process for startups seeking venture capital. It discusses preparing documentation like a data room with legal, financial, and operational documents for due diligence. It also recommends creating marketing materials to present the business strategy, market insights, and vision. Different sources of early-stage financing are outlined before institutional fundraising, which involves issuing preferred shares and establishing governance structures. The typical stages of funding rounds from seed to series C are also mentioned.
1) Many institutional investors are increasing their allocations to private equity investments in hopes of boosting returns and closing funding gaps, as public market returns are expected to be lower.
2) However, private equity has grown significantly in recent years with $5 trillion in assets and $1 trillion in uninvested capital, driving up prices and deal multiples.
3) Studies show that private equity returns have mainly come from leverage rather than operational improvements, and that it is getting harder to consistently achieve top returns given increased competition.
May 12 lecture by Keith Townsend, King & Spalding, covering Special Purpose Acquisition Company (SPAC) dynamics, for the mHealth Israel community. The lecture incluces public company considerations, SPAC Targets, SPAC Execution and Process, sample term sheet, securities law, considerations / differences for SPACs, etc.
Many companies are being challenged by the paradigm shift sparked by the coronavirus pandemic.
Business leaders have an opportunity to steer their companies in a direction of superior value creation by embracing drivers of value other than growth for the duration of the crisis.
The document analyzes 3M Company's financial statements and recommends the company as a potential investment. It finds that 3M shows growth across key metrics like profitability and cash management. Specifically, it notes that 3M's quick ratio of 1.127 and current ratio of 1.961 indicate it can pay short-term debts without liquidating inventory. However, its liabilities to equity ratio deteriorated from 0.891 to 1.383 due to increased long-term debt and pension obligations. Overall, the document recommends investing in 3M due to its strong profitability ratios, share buybacks showing internal confidence, and healthy dividend yield beating bank interest rates.
Investment Challenges in Rising Rate EnvironmentsWindham Labs
Investors are now confronted with a rather novel set of challenges, most notably the potential for both significantly higher interest rates and a higher degree of correlation between stock and bond prices. While common knowledge has it that a combination of stocks and bonds can provide balanced portfolio performance over time, there is good reason to suspect that this may not be the case going forward; as we will show, negative stock and bond correlation is a more recent phenomenon that is generally only associated with a low-interest-rate environment.
In this presentation, we hosted Andy Weisman, Managing Partner at Windham Capital Management, who will helped us examine historical equity and fixed income data to better understand the relationship between stock and bond prices. We also examined, at a high level, our economic environment and gained some insight into prospective investment challenges. Finally, we discussed the role of the interest-rate-momentum risk premium in addressing the identified challenges.
Mercer Capital's Asset Management Industry Newsletter | Q2 2012 | Focus: Trad...Mercer Capital
Mercer Capital’s Asset Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
This document discusses venture capital performance metrics across different time horizons and benchmarks. It shows that the top quartile of venture capital has consistently outperformed major stock market indexes like the S&P 500 and Russell 2000 over 15-30 year periods. However, the median venture capital fund performance has only modestly outperformed these indexes. There is also a large dispersion of returns between the top and bottom quartiles of venture capital funds.
The document is a memorandum analyzing the financial performance of Verizon in 2014 compared to its competitor AT&T. It finds that Verizon outperformed AT&T in profitability, liquidity, operating returns, and return on equity, but had higher leverage. It recommends that Verizon management reduce leverage and increase return on equity to improve profits and investment opportunities to stay ahead of competitors long-term.
This document summarizes and compares various municipal bond ETFs and corporate bond ETFs. It finds that municipal bond ETFs have competitive taxable equivalent yields compared to corporate bond ETFs and shorter durations. Specifically, it recommends iShares MUB and Vanguard VTEB as low-cost options for investment grade municipal bond exposure and VanEck Vectors HYD and SPDR HYMB for high yield municipal bond exposure. It also notes that the Invesco Taxable Municipal Bond ETF has outperformed corporate bond ETFs but with less liquidity.
The document discusses seven essential questions that CFOs should ask themselves to become more strategic. The questions include: how the company plans to grow, what constraints hold back growth and how to overcome them, what uncertainties exist and how to resolve them, areas of high spending with uncertain returns, whether growth goals are ambitious enough, what could disrupt the company, and what the company should stop doing. By asking and addressing these questions, CFOs can identify strategic opportunities, partner with other leaders to implement solutions, and help move the company forward in a pragmatic way.
Low-interest rates mean that P&C leadership teams are facing increasing pressure to generate heftier margins from their underwriting operations. More at http://gt-us.co/1japuAu
This document provides an overview and introduction to private equity. It begins with an introduction of the speaker and his background in private equity investments. It then defines private equity and discusses the two broad classes of buyouts and venture capital. Next, it provides an overview of the private equity market and landscape. It discusses fund structure and organization. Finally, it discusses various career options in private equity and provides a high-level question and answer agenda.
The principal's quarterly review summarizes Walt Whitman Elementary School's performance over the past three months. It discusses levels of innovation using research models, dashboard data on attendance, suspensions, and discipline plans. Student achievement data includes goals, assessment results, and revision plans. The school's culture of collaboration is exhibited through artifacts of effective professional learning communities work.
This document provides a quarterly economic and markets review for Q3 2016. It includes sections summarizing unemployment rates, economic growth as measured by GDP, inflation rates, housing prices and affordability, interest rates, exchange rates, and asset class performance for major markets in the third quarter. Charts and tables present data on these economic indicators for countries such as the US, UK, Eurozone, Japan, emerging markets, and selected other nations.
The following empirical studies are to display the effectiveness of Enhanced Dynamic®, with independent, style-adherent,
active investment managers for the past 1-3-5-7-10 and 15 years..
These illustrations and graphs are based upon the eVestment Alliance investment manager database and provide a consistent comparison and display. Investment manager results are a composite of the top 35% of the active style-adherent managers in the database, to avoid concerns of “cherry-picking” of individual manager candidates.
We have determined that independent, style-adherent, active equity managers combined with the Enhanced Dynamic® overlay methodology provides significant benefits in both higher returns, and lower down-side capture.
Enhanced Dynamic® was applied consistently within these exhibits, without the benefit of any market timing, tactical asset allocation, security or index selection, or deviation from the Enhanced Dynamic® methodology.
Please refer to the Disclosures section within the http://www.enhancedinvesting.com and http://www.enhanceddynamic.com Web sites for further discussion.
Carfinco Financial Group Inc. is a uniquely positioned auto finance company that has delivered consistent 20%+ annual growth. It provides financing to "non-prime" credit applicants, with a principal balance of $205 million and over 20,000 customers as of March 2013. The presentation highlights Carfinco's competitive position, growing loan portfolio, impressive returns, experienced leadership, and analysts' positive outlook. It argues that Carfinco is well positioned for continued strong growth amid economic volatility.
Six Sigma is a data-driven approach to reducing process variation and improving quality. It aims for 99.99966% perfection by identifying and eliminating defects. The Six Sigma investment process focuses on reducing investment variation to produce consistent, predictable returns for investors. It uses risk analysis, measuring risk-return relationships and consistency to validate investment strategies that meet expectations over the long run.
The survey found that institutional investor sentiment toward IPOs is extremely positive globally. 82% of investors surveyed have invested in IPO or pre-IPO stocks in the last 12 months, compared to only 18% in the past 2-3 years. Investors cited brighter earnings outlooks, improving macroeconomic conditions, stable markets, and higher risk appetite as factors that could further improve sentiments. Investors look for good quality companies priced attractively that are led by the right management team and have a compelling growth story, regardless of market conditions. Preparing well for an IPO is critical for success.
The document discusses the potential return of large cap stocks as an attractive investment for high net worth individuals. It notes that large caps have kept pace with small caps so far in 2011, beating earnings estimates. Some analysts think large caps appear undervalued compared to small caps and may benefit from economic growth. A shift appears to be underway as investors move money from emerging markets and other assets back into large cap domestic stocks.
This document provides an overview of the fundraising process for startups seeking venture capital. It discusses preparing documentation like a data room with legal, financial, and operational documents for due diligence. It also recommends creating marketing materials to present the business strategy, market insights, and vision. Different sources of early-stage financing are outlined before institutional fundraising, which involves issuing preferred shares and establishing governance structures. The typical stages of funding rounds from seed to series C are also mentioned.
1) Many institutional investors are increasing their allocations to private equity investments in hopes of boosting returns and closing funding gaps, as public market returns are expected to be lower.
2) However, private equity has grown significantly in recent years with $5 trillion in assets and $1 trillion in uninvested capital, driving up prices and deal multiples.
3) Studies show that private equity returns have mainly come from leverage rather than operational improvements, and that it is getting harder to consistently achieve top returns given increased competition.
May 12 lecture by Keith Townsend, King & Spalding, covering Special Purpose Acquisition Company (SPAC) dynamics, for the mHealth Israel community. The lecture incluces public company considerations, SPAC Targets, SPAC Execution and Process, sample term sheet, securities law, considerations / differences for SPACs, etc.
Many companies are being challenged by the paradigm shift sparked by the coronavirus pandemic.
Business leaders have an opportunity to steer their companies in a direction of superior value creation by embracing drivers of value other than growth for the duration of the crisis.
The document analyzes 3M Company's financial statements and recommends the company as a potential investment. It finds that 3M shows growth across key metrics like profitability and cash management. Specifically, it notes that 3M's quick ratio of 1.127 and current ratio of 1.961 indicate it can pay short-term debts without liquidating inventory. However, its liabilities to equity ratio deteriorated from 0.891 to 1.383 due to increased long-term debt and pension obligations. Overall, the document recommends investing in 3M due to its strong profitability ratios, share buybacks showing internal confidence, and healthy dividend yield beating bank interest rates.
Investment Challenges in Rising Rate EnvironmentsWindham Labs
Investors are now confronted with a rather novel set of challenges, most notably the potential for both significantly higher interest rates and a higher degree of correlation between stock and bond prices. While common knowledge has it that a combination of stocks and bonds can provide balanced portfolio performance over time, there is good reason to suspect that this may not be the case going forward; as we will show, negative stock and bond correlation is a more recent phenomenon that is generally only associated with a low-interest-rate environment.
In this presentation, we hosted Andy Weisman, Managing Partner at Windham Capital Management, who will helped us examine historical equity and fixed income data to better understand the relationship between stock and bond prices. We also examined, at a high level, our economic environment and gained some insight into prospective investment challenges. Finally, we discussed the role of the interest-rate-momentum risk premium in addressing the identified challenges.
Mercer Capital's Asset Management Industry Newsletter | Q2 2012 | Focus: Trad...Mercer Capital
Mercer Capital’s Asset Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
This document discusses venture capital performance metrics across different time horizons and benchmarks. It shows that the top quartile of venture capital has consistently outperformed major stock market indexes like the S&P 500 and Russell 2000 over 15-30 year periods. However, the median venture capital fund performance has only modestly outperformed these indexes. There is also a large dispersion of returns between the top and bottom quartiles of venture capital funds.
The document is a memorandum analyzing the financial performance of Verizon in 2014 compared to its competitor AT&T. It finds that Verizon outperformed AT&T in profitability, liquidity, operating returns, and return on equity, but had higher leverage. It recommends that Verizon management reduce leverage and increase return on equity to improve profits and investment opportunities to stay ahead of competitors long-term.
This document summarizes and compares various municipal bond ETFs and corporate bond ETFs. It finds that municipal bond ETFs have competitive taxable equivalent yields compared to corporate bond ETFs and shorter durations. Specifically, it recommends iShares MUB and Vanguard VTEB as low-cost options for investment grade municipal bond exposure and VanEck Vectors HYD and SPDR HYMB for high yield municipal bond exposure. It also notes that the Invesco Taxable Municipal Bond ETF has outperformed corporate bond ETFs but with less liquidity.
The document discusses seven essential questions that CFOs should ask themselves to become more strategic. The questions include: how the company plans to grow, what constraints hold back growth and how to overcome them, what uncertainties exist and how to resolve them, areas of high spending with uncertain returns, whether growth goals are ambitious enough, what could disrupt the company, and what the company should stop doing. By asking and addressing these questions, CFOs can identify strategic opportunities, partner with other leaders to implement solutions, and help move the company forward in a pragmatic way.
Low-interest rates mean that P&C leadership teams are facing increasing pressure to generate heftier margins from their underwriting operations. More at http://gt-us.co/1japuAu
This document provides an overview and introduction to private equity. It begins with an introduction of the speaker and his background in private equity investments. It then defines private equity and discusses the two broad classes of buyouts and venture capital. Next, it provides an overview of the private equity market and landscape. It discusses fund structure and organization. Finally, it discusses various career options in private equity and provides a high-level question and answer agenda.
The principal's quarterly review summarizes Walt Whitman Elementary School's performance over the past three months. It discusses levels of innovation using research models, dashboard data on attendance, suspensions, and discipline plans. Student achievement data includes goals, assessment results, and revision plans. The school's culture of collaboration is exhibited through artifacts of effective professional learning communities work.
This document provides a quarterly economic and markets review for Q3 2016. It includes sections summarizing unemployment rates, economic growth as measured by GDP, inflation rates, housing prices and affordability, interest rates, exchange rates, and asset class performance for major markets in the third quarter. Charts and tables present data on these economic indicators for countries such as the US, UK, Eurozone, Japan, emerging markets, and selected other nations.
With a new year comes a new format to the content which CEIS Review releases. Going forward CEIS Review will be releasing The CEIS Quarterly Issue 1 Volume 1 newsletter for clients and interested parties. As always, we strive to only release relevant and insightful material that should be of benefit to commercial banking credit/risk professionals.
This Quarter’s issue shares some of Joe Hill’s thoughts on the current banking environment, a spotlight on Managing Director Ms. Liz Williams, and an article discussing the elements in determining an appropriate Credit Risk Rating System for your institution.
http://www.ceisreview.com/the-ceis-quarterly-newsletter-issue-1-volume-1/
Do you have a business communication plan? No? Here is a simple outline for creating one. And as a bonus, you have steps for conducting a review of your plan.
The document provides a summary of global market performance in the 4th quarter of 2016. It discusses performance of various asset classes including US and international stocks, bonds, real estate, and commodities. US stocks outperformed international developed and emerging market stocks. Value stocks outperformed growth stocks in the US and internationally. The document also provides headlines from financial news that occurred during the quarter for context.
Stephen Lynch guides you through the RESULTS.com Quarterly Strategic Review process and shares our proven best-practices to help you review your last quarter, then to assess the current reality and choose your Strategic Projects for the coming quarter
PCG Solutions is an IT solutions provider that offers 24/7 monitoring, alerting, and reporting services to help businesses focus on their core operations. Their enhanced program includes around-the-clock monitoring of clients' IT environments, immediate alerts for any issues, and monthly reporting on network health. They also provide asset tracking, security monitoring, preventative maintenance, and quarterly business reviews to help optimize clients' IT investments and reduce costs.
How to Develop a Quarterly Business ReviewGainsight
The most successful Enterprise SaaS companies know that growing revenue only through new customer acquisition is the less efficient way to scale. Rather, they understand that growing revenue within your existing customer base - through up-sells, cross-sells, and expanded use - is the most profitable way to scale.
In fact, Enterprise SaaS companies that grow revenue - and company valuation - by expanding revenue within their existing customer base also know the key to making this work is to focus on - and operationalize - Customer Success.
This presentation - How to Develop a Quarterly Business Review - is from Pulse 2014, the biggest Customer Success industry event ever and included panelists from Gild, Box, Zuora, Workday
A Starter Guide to IT Managed ServicesDavid Castro
Making the switch to MSP is worth the time and effort because MSPs are approximately 200-400% more profitable than non-MSPs. And MSPs are 3x to 10x more valuable than traditional VARs. This 21-page guide will help you: --Develop and execute on a solid business strategy for running a managed services company --Choose the right IT systems management solution to help enable your vision --Price your managed services fairly, competitively, and profitably --Understand MSP pricing and profit scenarios including cost, profit, and MRR/project/breakfix calculations and analysis --Avoid some common pitfalls --Understand the benefits that come with implementing managed services correctly --Understand how an IT service provider successfully rolled out managed services for its customers and transformed into one of the largest MSPs in the country. December 2012.
The document discusses managed services and managed service providers. It describes how MSPs can provide defined IT services to clients to help manage things like multiple locations, large workforces, specialized skills, and rising costs. Key benefits to clients include peace of mind from 24/7 monitoring, single points of contact, lower total costs of ownership, and more value from services. Key benefits to MSPs include more business contracts, increased revenue per user, and providing added value to clients. Typical MSP architectures include data centers, provisioning managers, monitoring servers, and application servers. Managed services can improve agility, reduce costs, improve focus on processes over technology, and increase reliability, scalability, security, and sustainability.
Techs R Us provides 24/7 IT monitoring and support services to small and mid-sized businesses. Their services include 24/7 monitoring of clients' IT networks, immediate alerting for any issues, and monthly reporting on network health and security. They also conduct regular asset tracking and inventory to help clients plan budgets and reduce technology costs over the long run.
A well-designed IT Service Delivery Model is critical to achieving success in IT management and operations. Many IT organizations focus on optimizing their technology assets -- the infrastructure and applications. However, in our experience, business value is achieved most effectively when technology assets and the IT service delivery model are integrated and work together seamlessly.
This document introduces managed IT infrastructure services. It discusses threats to infrastructure like data corruption, component failure, and human error. It then outlines the benefits of managed services, including higher availability, efficient outsourcing, 24/7 monitoring, and leveraging best practices. Key aspects of the managed services solution are proactive monitoring, knowledge sharing, and certified staff.
This is a Quarterly Business Review Template to be used by Customer Success Management organizations.
One of the most important activities your Customer Success Managers (CSMs) will perform is the Quarterly Business Review (QBR).
QBRs are sometimes known by different names – Business Reviews or Executive Business Reviews – but no matter what they’re called, they’re incredibly important and the agenda and flow are largely going to fall on the CSM, so it’s critical to help them prepare for, and perform QBRs, the right way.
The most successful Enterprise SaaS companies know that growing revenue only through new customer acquisition is the less efficient way to scale. Rather, they understand that growing revenue within your existing customer base - through up-sells, cross-sells, and expanded use - is the most profitable way to scale.
In fact, Enterprise SaaS companies that grow revenue - and company valuation - by expanding revenue within their existing customer base also know the key to making this work is to focus on - and operationalize - Customer Success.
Use this Quarterly Business Review template to help engage your customer in a meaningful dialogue about their success using your product. Specifically designed for SaaS providers, this QBR template has all the slides you need to summarize your customer's use of your product and tie that back to their overall goals. The template is easily customized and has everything you need from the agenda to goal setting, outstanding items, tracking against metrics, health scores, activity scores and even NPS scores.
There are multiple niches in the microcap space where GeoInvesting’s track record has proven that consistent alpha can be achieved. Each strategy provides favorable percentage returns, but is limited in size. A combination of well-defined strategies can enhance portfolio returns by offering the benefit of diversifying into uncrowded situations with low market correlation without overexposing to a single stock.
We believe the best way for a company of your size to approach a microcap strategy would be to deploy a target capital amount across a few basket portfolios of around 5 stocks each. These baskets can vary by strategy and time horizon. Around these baskets, we can implement one-off ideas as they emerge based on very high probability special situations
KAMG was established in 2000 by Kip Knelman and grew significantly before being acquired by Lazard Asset Management in 2005. In 2008, Kip reacquired the firm. KAMG utilizes a relative growth strategy focusing on small cap companies exhibiting above average revenue and earnings growth through fundamental research and analysis of management's ability to execute their business plan. The firm aims to provide a diversified portfolio of 50-70 small cap growth holdings for institutional and individual clients.
The document provides a quarterly report from Conquest Strategies, LLC on their MidCap portfolio for Q4 2015. It summarizes the strategy, investment objective, and performance for the quarter and year. While the portfolio underperformed the benchmarks for the quarter, it outperformed for the year. The report discusses sector allocations and top holdings, noting increases to utilities and healthcare. It provides analysis of selected positions and the outlook.
Linking Strategic Planning with Operational Planning, Thomson ReutersInnovation Enterprise
Thomson Reuters is proposing changes to better link strategic planning with operational planning by aligning operating segments with market segments. This would allow market growth projections to be used as a leading indicator for business growth. It would also provide a more robust analysis by tying market share and revenue to business forecasts. The goal is to execute strategic planning by informing large investments, acquisitions, and capital expenditures based on consistent targets across market and operating segments. This approach provides increased visibility but reduces flexibility around targets.
Tax reform actually changes everything. We've never had a moment in which so much cash will be sitting on corporate balance sheets. The most strategic-minded executives will see this opportunity as a watershed moment to reevaluate how they allocate cash.
The GIM Small Cap Focused Growth strategy composite outperformed the Russell 2000 Growth index in the second quarter, rising 3.0% compared to 2.0% for the index. Strong stock selection contributed to outperformance, particularly from Taser International and Paylocity in the Producer Durables sector. Some top contributors, such as 2U and IMAX, were trimmed as their share prices appreciated sharply. Constant Contact was a top detractor as its business transition faced setbacks. Looking ahead, the portfolio remains positioned in secular growth companies capable of sustaining 15%+ growth despite periodic volatility.
This document provides an overview of the IDFC Focused Equity Fund. The fund is an open-ended equity scheme that invests in a concentrated portfolio of a maximum of 30 stocks with a multi-cap focus. It aims to invest in companies with superior quality and growth characteristics. The fund manager believes returns are driven by identifying the right stocks and allocating sufficiently to them. Currently, the fund is overweight in sectors such as information technology, telecom, and healthcare.
This document provides an overview and analysis of the IDFC Emerging Businesses Fund, a small cap equity fund. It discusses 4 reasons to invest in small caps now: 1) small caps are the most beaten down segment currently, 2) small caps show emerging signs of value compared to large caps, 3) shrinking trading volumes indicate the market may be nearing bottom. It also outlines 4 reasons to invest in small caps generally: exposure to niche opportunities, potential for future large caps, ability to select from a broad range, and potential for alpha from active management. The document reviews the fund's current positioning and top sectors.
This presentation provides an overview of Anumara Capital, a private equity firm focused on investing in small and medium companies in Brazil. Anumara aims to generate recurring returns through dividends rather than exits, focusing on healthcare, education, and retail sectors. It seeks to actively manage portfolio companies through operational improvements and shared service providers. Anumara also emphasizes ESG and responsible investing practices to have a positive impact and multiplier effect in the local economy. The presentation outlines Anumara's investment strategy, targets, differentials, pipeline, and team.
Why Own Safeguard?
- Full Value Yet to be Realized
- Ownership Stakes in Exciting Partner Companies
- Top Performance of Proven Team
- Financial Strength, Flexibility and Liquidity
- Strong Alignment of Interests
Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.
IDFC Focused Equity Fund _Fund presentationJubiIDFCEquity
This document provides an overview of the IDFC Focused Equity Fund, an open-ended equity scheme that invests in a maximum of 30 stocks with a multi-cap focus. The fund aims to generate superior returns by identifying the right stocks and allocating sufficiently to high-conviction ideas. It takes a focused approach of investing in high-quality, high-growth companies, while maintaining a well-diversified portfolio across market caps and sectors. The fund is currently overweight in commodities, information technology and telecom sectors.
This document provides an overview of the IDFC Focused Equity Fund, an open-ended equity scheme that invests in a maximum of 30 stocks with a multi-cap focus. The fund aims to generate superior returns by identifying the right stocks and allocating sufficiently to high-conviction ideas. It takes a focused approach of investing in high-quality, high-growth companies, while maintaining a well-diversified portfolio across market caps and sectors. The fund is currently overweight in commodities, information technology and telecom sectors.
The document provides an investor presentation for Myers Industries, Inc. It begins with a safe harbor statement noting that any forward-looking statements are based on current expectations that may be incorrect. It then discusses the new CEO's strategy review, focusing on improving cash flow, implementing process improvements, and assessing capital deployment options. The presentation also covers the company's corporate governance best practices, performance-driven executive compensation program, and actions taken to further ensure effective internal controls over financial reporting.
Exit Strategy Planning For Investors PowerPoint Presentation SlidesSlideTeam
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2010 Q3 Gator Small Cap Portfolio Quarterly Review
1. Gator Small Cap PortfolioQuarterly ReviewNovember 2010 Derek Pilecki, CFA Portfolio Manager (813) 381-5376 derek.pilecki@gatorcapital.com www.gatorcapital.com 1
2. Disclaimer This summary, which has been furnished on a confidential basis to the recipient, does not constitute an offer of any securities or investment advisory services. This summary is intended exclusively for the use of the person it has been delivered by Gator Capital Management, LLC, and it is nor to be reproduced or redistributed to any other person without the prior consent of Gator Capital Management, LLC. 2
3. Goals for the Webinar Background on Firm and Portfolio Manager Review Firm’s Investment Philosophy and Process Review Small Cap Portfolio Review Strong and Weak Stocks in the Portfolio How and Why to Invest in the Portfolio 3
4. Firm Overview Gator Capital Management, LLC was founded in 2008 by Derek Pilecki. Gator is a registered investment advisor. Based in downtown Tampa, Florida. Gator offers concentrated equity portfolios in separately managed accounts. Blue Chip Portfolio Small Cap Portfolio Micro Cap Portfolio Multi-cap Portfolio Energy Portfolio Gator manages a long/short equity strategy focused on the Financials sector. 4
5.
6. 6 years at Goldman Sachs Asset Management as Financials analyst for the Growth Equity Team
7. Co-Chair of the Investment Committee on Goldman Sachs Asset Management’s Growth Equity Team.
8. Co-Portfolio Manager on Goldman Sachs Capital Growth Fund (a $2 billion large cap portfolio.)
9. 3 years as Financials sector analyst at Clover Capital Management & Burridge Growth Partners.
10. 5 years performing interest rate risk analysis at Fannie Mae prior to graduate school.
11. MBA with honors from University of Chicago in Finance & Accounting.
13. Gator Investment Philosophy Buy the underlying business Focus on high quality companies Buy businesses we understand Focus on growing businesses Buy with a margin of safety Opportunity in small cap stocks Opportunity in corporate events Concentrate holdings into best ideas Maintain a strong sell discipline Taxes matter 6
14. Gator Investment Process Narrow Potential Universe Generate Investment Ideas Reading Networking with Peers Follow other investors we respect Fundamental Research Read SEC filings and press releases Build financial model Interview management, competitors, suppliers Written Investment Thesis Compare to Existing Holdings Take Action in Portfolio Review Holdings Sell Discipline 7
15. Gator Small Cap Portfolio Managed using the Firm’s Investment Philosophy The portfolio is suitable for investors willing to take higher than average stock market risk and who have a five year time horizon. Holds 25 to 35 small company stocks. Currently, 30 stocks in the portfolio. Small Cap is a market capitalization of less than $3 billion at the time of the initial purchase. Stocks are not sold because they get too large. 8
16. Small Cap Portfolio as of September 30, 2010 Holding% of PortfolioHolding% of Portfolio Brigham Exploration 8.2% Interoil Corp 3.0% Rex Energy 6.0% Teekay Corp 3.0% Akamai Technologies 5.7% Equinix 2.9% Fossil 5.2% Raymond James Financial 2.7% DineEquity 4.5% First Industrial Realty 2.5% Biglari Holdings 4.2% OneOK 2.4% SBA Communications 4.0% Tivo 2.3% PetsMart 3.8% Tessera Technologies 2.3% Newcastle Investment 3.7% Wellcare Health Plans 2.2% Oppenheimer Holdings 3.6% MedAssets 2.0% Gamestop 3.5% eHealth 1.5% Primerica 3.5% Wendy's Arby's Group 1.5% Sally Beauty Holdings 3.2% Prestige Brands 1.4% Health Management Associates 3.1% Form Factor 0.9% Affiliated Managers 3.0% Cash 1.2% Atlas America 3.0% 9
17. Small Cap Portfolio Characteristics S&P Risk Metrics GSC 500 Concentration 31.6% 11.6% % Months Negative 22.7% 38.3% Std Dev 24.9% 5.0% Downside Std Dev 12.5% 3.5% Beta 1.49 1.00 Information Ratio 0.52 0.00 Sharpe Ratio 2.26 -0.11 Sortino Ratio 4.52 -0.16 Turnover 27.9% NA Sector Composition Financial 27% Consumer Cyclicals 24% Energy 23% Technology 18% Transportation 3% Healthcare 3% Utilities 2% 10
18. Small Cap Performance YTDSince 09Q109Q209Q309Q4200910Q110Q210Q310Q4*2010Inception* Gator Small Cap Portfolio -6.2% 35.3% 13.1% 16.0% 81.6% 7.6% -14.2% 20.8% 11.4% 24.2% 145.0% Russell 2000 -11.2% 20.2% 18.9% 3.5% 25.2% 8.5% -10.2% 10.9% 5.9% 14.4% 50.9% Relative5.0% 15.1%-5.8%12.5%56.4%-0.9% -4.0%9.9%5.5% 9.8% 94.1% Note - * through 11/12/2010 Past performance is not indicative of future results. 11
20. Stocks Adding to 3rd Quarter Performance DineEquity was up 61%. Fossil was up 55%. InterOil was up 54%. 13
21. DineEquity Owned since inception of the portfolio. Parent company to IHOP and Applebee’s. Poor timing of Applebee’s acquisition just prior to recession left company with too much debt. In 2009 and 2010, company has made progress on several fronts. Applebee’s turnaround is taking hold with new menu and improved execution. Have sold a material number of Applebee’s locations to franchisees. Have refinanced debt to improve financial flexibility. 14
22. Fossil Owned since portfolio inception. Have followed stock closely it since 1997. Very disciplined management team focused on creating brand equity. Focused on cash returns. Historically, they’ve be very shareholder friendly. Execution has been great coming out of the recession. They have a strong tailwind in fashion watch business. Continue to surpass expectations. 15
23. InterOil Purchased stock in early 2009. Sitting on a vast resource base of natural gas and liquids. During the quarter, they signed an agreement to have a LNG facility built. Also, company announced discovery high ratio of liquid condensate in its Antelope field. Trimmed position in stock during the quarter to manage position size. 16
24. Stocks Detracting from 3rd Quarter Performance FormFactor was down 20%. MedAssets was down 8%. Health Management Associates was down 1%. 17
25. Form Factor Purchased stock in September 2009. Has not worked as the company missed promised delivery dates for new products. Board dismissed management team in May. Continue to hold the stock because of its strong balance sheet and the upside potential. Business model is also attractive. We think the new management hired in September can execute the turnaround. 18
26. MedAssets Purchased position at the inception of the portfolio. We like the recurring revenue business model. We are frustrated with recent sales performance. 19
27. Health Management Associates Purchased position in October 2009. We think the management team is executing the turnaround. The financial and operating leverage in the business allow for high potential returns. Q2 performance reflects hospital industry and not a company specific factor. Q3 earnings showed strength in the company’s results. 20
28. Why Invest in Gator Small Cap Portfolio Attractive Investment Philosophy Disciplined Investment Process We are Attempting to Significantly Outperform the Market Accessible Portfolio Manager (call me to talk about the portfolio) Opportunity in Small Company stocks We Invest Alongside Our Clients 21
29. How to Invest with Gator There are three ways to invest in the Gator Small Cap Portfolio. Invest directly with Gator Capital. Call us directly (813) 282-7870. Email me directly derek.pilecki@gatorcapital.com. $100,000 account minimum. 2. Invest through the WealthFront.com platform. https://www.wealthfront.com/gator-capital $10,000 account minimum Same fee structure – WealthFront gets paid out of Gator’s fee. 3. Invest through your financial advisor. Have your financial advisor call us (813) 282-7870. 22