The Granite Value Fund invests in equity securities of approximately 40 that are undervalued companies by providing long-term capital appreciation.
Granite will select portfolio securities for the Fund provides unique competitive advantage to management teams, low debt and independent from borrowed money to conduct daily operations.
The fund also focuses on the companies whose business models are simple and can be understood and have the ability to generate significant free cash flow over a market cycle.
Granite CEO and the senior portfolio manager said that the Granite Value Fund will focus on companies that exhibit high or improving returns on capital.
Granite Investment Advisors is a long-term, value oriented investment manager which seeks above-average investment returns with below-average risk.
The firm uses fundamental analysis to identify companies with above average or improving profitability selling at below average valuations.
