Most Research Is Wanting

Most equity research is reactive in nature. It echoes corporate press releases, recycles generic themes and is extremely short-term in focus. Most equity research is designed to support momentum driven trading. It often lacks in-depth industry understanding and is rarely illuminating.

The research industry's commission-based business model creates an inherent bias toward large cap stocks that generate the biggest trading commissions for brokers. As a result, small and mid-cap firms, and sometimes even whole sectors, are disadvantaged.

A New Approach

Our firm takes a different approach to equity research:

• We combine long-term fundamental research with short-term technical analysis

• We dig deeply into companies and issues that are misunderstood, or which have not yet been recognized by the market

• We seek out fundamental drivers, new trends, analogous behaviour from other industries, and unforeseen catalysts

• We challenge conventional wisdom and write about what others do not