Investment Philosophy

At KAMCO we are a “Bottom-Up” small and mid cap value manager. By “Bottom-Up,” we mean that we first review individual company characteristics rather than forecast broader economic trends.

Our philosophy is to deliver above average, long-term results, while reducing portfolio risk through the application of a prudent, opportunistic and unique investment strategy. Our strategy seeks companies undergoing internal corporate restructuring. Examples of internal corporate restructuring include:

Companies being spun off from their parent company
Companies emerging from bankruptcy
Companies trading below book or break-up value with a catalyst
Mutual Savings & Loan and Insurance Conversions
Distressed Utilities

We like to say that “we are a value manager that is simply looking in places where others are not.” The common thread in the restructuring events that we concentrate on is that these events create inefficiencies in the marketplace, where, for a period of time there is little to no Wall Street research or sponsorship/support for these stocks. It is precisely this lack of coverage that gives us our edge – our ability to buy stock at a discount to our assessment of fair market value.

We are patient investors. Our portfolios are characterized by broad diversification and low portfolio turnover. We do not chase fads. We gravitate towards under-followed companies with long product life cycles and above average potential for long-term earnings and share price growth.

Whether servicing individuals or institutions, our goal at KAMCO is to provide excellence in investment management for our clients.