DM Capital
DM Capital runs a concentrated portfolio based on bottom-up fundamental analysis of public companies. It invests with a margin-of-safety ethos and only buys companies that are trading at a discount to intrinsic value. Generally, DM Capital is attracted to owner-operator-type companies, leadership that views capital allocation as part of the company's core strategy, and businesses that have predictable, reliable, and scalable ways to grow intrinsic value.
STOCK PICKS ARE BASED ON:
- valuation;
- business quality, with a focus on reinvestment rate/runway; and
- leadership, looking for management teams that are aligned with shareholders and treat them as partners.