At LCP, we are intrinsic-value focused, analyzing companies like any rational business person would. We view stocks as small pieces of a business that are up for sale and only invest in undervalued companies. These opportunities arise from the speculative nature of investors whose emotions and short-term focus often create large dislocations between a company’s price and true intrinsic worth.
We place a high premium on rigorous fundamental research, arriving independently at expectations of company’s normalized operating results. We believe that over time, our disciplined approach will lead to superior performance and provide strong capital preservation.