Eubel Brady & Suttman Asset

read moreEubel Brady & Suttman Asset Management ("EBS") is a Registered Investment Adviser located in Dayton, Ohio. EBS manages separate accounts for individuals and businesses including trusts, foundations, corporations, and ERISA plans. The firm was founded in 1993 by Ronald L. Eubel, Mark E. Brady, and Robert J. Suttman II, CFA who have worked together for more than 30 years in the investment industry managing value-oriented portfolios. We believe that a value approach to investing will prevail over other styles in the long run.

read moreEBS manages equity, balanced and fixed income separate account strategies. Our investment management professionals work with you to determine the appropriate strategy for your portfolio based on your specific needs as an investor. While no investment strategy is free from risk, the level of risk associated with each strategy of management is typically defined by the amount of stock held in the portfolio. Investors who hold higher levels of stocks generally assume greater risk. Allocation to equity, within a strategy and portfolio, is a factor of a client's propensity for risk and the Research Group's assessment of market conditions.

read moreKey points for the quarter include: The U.S. faced numerous challenges during the quarter; the Federal Reserve updated its policy on inflation and employment; ultra-low interest rates are promoting a misallocation of capital, in our view; valuations impact future returns; and focusing on controllable elements, we believe, is key to navigating the current investment landscape. Key takeaways for the quarter include: The Fed had a pivotal role in 2019; the investment world was arguably turned on its head during the year; and equity markets aren't pricing in any missteps, in our view.

read moreOur investment process includes an assessment of quantitative and qualitative factors in estimating a company's intrinsic value. To estimate the intrinsic value of a company, it is important to have a reasonable understanding of its assets and liabilities, free cash flow, capital investment needs, return-on-capital capabilities and competitive position. We are attracted to companies priced below their historic price-to multiples and to the market. Ideally, candidates will have growing revenues and increasing profit margins, earn an adequate return on capital, and have management compensation that is aligned with shareholders' interest.