Our framework produces a concentrated portfolio of great managers guiding under-appreciated companies through transformational moments in their history.
Our Current Portfolio:
This snap shot was taken from a model portfolio account at 7/31/17.
ROOIC = Return On Our Invested Capital (we made this up)
We take the standard measurement of a business venture’s returns, Return On Invested Capital (ROIC), and adjust for the price we paid, to form a theoretical return on capital given our cost basis in the position. Typical ROIC ignores the price investors pay for the business in a secondary market. Thus, if we are investing in a 5% ROIC business, but only paid 10% of replacement value, the ROOIC is approximately 50% (5% / 10% = 50%).
*Risk-Adjusted Return Profiles represents GreenWood’s approximate estimate of fair value versus downside risks as of the date listed above. Neither the information nor any opinions expressed constitute a recommendation to buy or sell the securities or assets mentioned, or to invest in the securities or strategy related to such securities or assets. It is not intended to provide personal investment advice, and it does not take into account the specific investment objectives, financial situation or particular needs of any person or entity that may visit this website. Persons reading this webpage should seek professional financial advice regarding the appropriateness of investing in any securities or assets discussed on this webpage. The author’s opinions are subject to change without notice. Forecasts, estimates, and certain information contained herein are based upon proprietary research, and the information used in such process was obtained from publicly available sources. Information contained herein has been obtained from sources believed to be reliable, but such reliability is not guaranteed. Investment accounts managed by GreenWood Investors LLC and its affiliates may have a position in the securities or assets discussed in this article. GreenWood Investors LLC may re-evaluate its holdings in such positions and sell or cover certain positions without notice. No part of this webpage may be reproduced in any form, or referred to in any other publication, without express written permission of GreenWood Investors LLC.