At LCP, we are price-to-intrinsic-value oriented. We buy stocks trading below intrinsic value and sell stocks as they become fully priced, have a change to the original thesis, or when a better opportunity exists. Intrinsic value is the estimated present value of future cash flows appropriately discounted for risk. We invest in stocks with attractive valuations and identifiable future earnings and cash flow growth. We believe that over time this approach will lead to superior performance with limited downside risk. The objective of each portfolio is to exceed the return of their respective benchmark with generally lower than average tracking error and risk metrics.
Hey Vern. How you doing? I just got more cash in my acct was hoping to add at 8.50 area. From looking at the charts can you tell me where I may get a better entry point. I would hate to buy high to watch it drift down. Thanks man I know you are a chartist. I understand if the market keeps rolling it will keep going up