WCAM INVESTS in resilient businesses that have a strong, competitive advantage, and generate dependable recurring cash flow. We favor simple businesses that have low reinvention risk and consistently return cash to shareholders through dividends and share repurchases. We are patient and will only invest when the purchase price represents a discount to our estimate of intrinsic value. Capital preservation is a priority and we believe that buying stocks at a discount to intrinsic value will mitigate losses and result in exceptional rewards over the long term.
Our investment team conducts in-depth research and due diligence, including onsite company visits and meets regularly to discus portfolio companies and potential new investments. WCAM maintains a watch list of approximately 300 companies that we would like to own at the right price, and we regularly source new investment ideas through stock screens, investment publications and by monitoring like-minded investors.
