Brigadoon Bay Asset Management, LLC (“Brigadoon Bay”, “Brigadoon”, or the “Firm”) is an investment manager specializing in value investing through equity investments. Brigadoon Bay provides these services, primarily on a discretionary basis, to individuals, corporations, and institutional clients (including public and private retirement plans, union plans, foundations and endowment funds). Brigadoon Bay began accepting clients in July 2007.
Robert Bresticker is President of Brigadoon Bay and has over 20 years experience in Operations, Engineering, Finance, Accounting, Consulting, and General Management with the US Navy, Arthur Young, General Mills, Motorola, US Robotics, 3Com, and others. In 1992 he wrote the book: `American Manufacturing and Logistics in the Year 2001'. He is registered in Illinois as a CPA. Mr. Bresticker graduated from Dartmouth College with a BA in Physics. He has also earned an MBA in Operations and Accounting from Dartmouth's Amos Tuck School of Business and a Masters in Manufacturing Engineering from Northwestern University. He was born in 1955.
Brigadoon Bay looks for undervalued companies with:
· High Returns on Equity
· Strong Balance Sheets
· Positive Free Cash Flows
· Understandable Business Models
On occasion, we find undervalued companies that are Special Situations and do not fit the above model. Stock selection is not limited by size and portfolios may be invested in companies of any size, from larger well-established companies to smaller companies. In general, we invest in companies based in the United States or Canada.
Only a few stocks make the final cut in this investing methodology and therefore we concentrate investments in just those few stocks. Brigadoon Bay believes that over-diversification within an asset class is a recipe for mediocrity. Thus there may be occasions when Brigadoon Bay believes that there are only limited investment opportunities that meet its parameters. In that event, holdings of cash and cash equivalents may be substantial. We believe that volatility is often not a valid measure of risk and that the most appropriate measures of risk relate to the chance of a permanent loss of capital.
Brigadoon Bay customizes its approach for each client's account(s) based upon the client's risk tolerance, financial status, desire for current income, and account tax status. Clients may specify the companies and industries in which they prefer not to invest. For example, a client may not wish to own shares of his or her employer's competitors.
Since Brigadoon Bay recommends asset allocations based on each client's particular investment profile, a client's assets may be invested in a strategy that is the same as, or different from, a strategy utilized for another client.
Clients should recognize that monthly volatility can be high using this investing approach and thus only a portion of most portfolios should follow this strategy.