Financial Services,Gehman Capital
EducationUniversity of Chicago
QualificationsMBA, Series 7, 65
Investment Experience50+ Years
Undervalued Growth Companies
The goal is to build a diversified investment portfolio of undervalued stocks and then manage the fully invested portfolio to maximize returns
The portfolio will identify companies that have a unique product in a growth industry with enough financial resources to withstand economic stress. Management must identify goals and demonstrate a single minded commitment to achieve those goals.
The portfolio will usually start by investing in a small position. Then, I will seek to to add to the it if share prices decline due to economic stress.
Once the company realizes its potential, the portfolio will sell shares on a rising scale.
In depth analysis of industry, company and management.
The model will usually own a fairly large number of securities.
When the “undervalued” securities become “valuable”, the portfolio will sell them in order to buy other “undervalued” securities
The portfolio needs to own enough companies so that it can benefit from the dynamics of the marketplace.
When the company realizes its potential and the stock price rises, the portfolio will sell shares on a rising scale.
Even when “evolving” companies are doing very well and the stock price goes up substantially, they are vulnerable to “problems” and the price can come down very rapidly.
We prefer to take profits and move on to the next situation, or later, repurchase shares of investments we like at lower prices.
Inception October 11, 2010
|as of March 06, 2014
||Manager (net of fees)
|Past 30 days
|Past 90 days
|Past 365 days
|Since Inception (Annualized)
Last 365 days
|as of March 06, 2014
||Manager (net of fees)
|Best 30 days
|Worst 30 days
|Value-at-risk (95%, 1 week)
||vs. Russell 2000
||vs. S&P 500
Average trades per month 1.8
Past performance is no guarantee of future results.
Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions, and broker commissions. Manager returns include trades that fail Covestor's trading rules, do not reflect any Covestor suitability or risk score restrictions and are exclusive of Covestor fees. More
Average subscription returns ("Avg Sub" or "Avg Client") are calculated by Covestor and are composed of the average, daily, time weighted returns of all active subscriptions to the underlying portfolio. These daily average returns are then linked together for the timeframe requested. In addition, these returns include cash, dividends and earnings distributions, brokerage commissions, Covestor advisory fees, and reflect individual client suitability and risk score restrictions. More
All graph data is as of the end of day for the referenced period, unless otherwise specified. The subscription minimum is the minimum subscription required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs.
Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.
These securities are currently held in the portfolio manager's brokerage account. Holdings in the "Replicable Holdings" table currently pass Covestor's trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription holdings may vary.
These transactions were executed in the portfolio manager's brokerage account. Those marked as "Replicable Transactions" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription trade activity may vary.
S&P 500 Index is an unmanaged index compiled by Standard & Poor´s Corp. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. S&P 500 index data: S&P/Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies Copyright © 2014.