Ray Saleeby has been in the investment business for over 29 years and is currently handling over $190 million of investment assets, primarily equities. The unique investment approach Ray Saleeby offers is based on value investing. He tries to buy companies that have a barrier to entry; in other words, companies whose businesses are difficult to get into and many times are low cost producers or it's hard for them to lose their customer base. In addition, Ray prefers companies that generate free cash flow which can be used to buy back stock, pay dividends, make acquisitions, and reduce debt. He traditionally shies away from technology-based stocks and financial stocks. However, there are a few exceptions.
Ray tries to find companies that are out of favor and that have businesses with turnaround potential. Generally these businesses sell at a discount to their intrinsic value (what a company is worth in different hands). Sometimes these discounts are as low as 40 to 50 cents on the dollar. Many of these companies have fallen out of favor due to poor management, parts of the organization not performing well, too high of a cost structure, lack of market support, botched mergers, missed product cycles or slowed growth to name a few examples. When Ray feels he has a good understanding that this organization can be fixed or someone else can fix it then he is likely to purchase this equity. Over the years, many of his recommendations have been acquired by other firms.
Almost no portfolio has 10% or more in any one particular stock. This is due to the fact that stock fluctuations could adversely affect the portfolio too much. Furthermore, rarely is there enough trust in any company, organization, management, accounting, or financials for Ray to feel comfortable in breaking this 10% barrier.
Through his extensive knowledge and research, Ray is able to diversify his client’s portfolios among various industries and various capitalizations of stocks including micro capitalizations, small capitalizations, mid capitalizations and large capitalizations.
Many times, Ray feels he can complement a client’s portfolio by buying tangible assets through stocks (i.e. buy real estate, timber, and other commodity-based stocks). They have to be bought under the same yardstick used in buying other sectors. However, Ray does utilize other managers and investment instruments that could possibly lead to a more balanced portfolio for his clients. He tries to be as tax efficient as possible with the allocation of his clients’ assets and attempts to balance the clients’ investment portfolio with the clients’ financial objectives, while trying to achieve the highest possible return with the least amount of risk.
In conclusion, we at Saleeby & Associates try to achieve all your financial investment needs. We work hard to earn and maintain your trust every day. It is our goal to give you the best service and performance one can offer in a consistent manner. Obviously, no individual can be an expert in every area and this is why the firm has partnered with specialists in the areas of insurance and mortgages..., in an effort to provide you with a one-stop financial management and investment experience.
Should you have any questions about Saleeby & Associates or any other financial matter for which we may be of assistance, please do not hesitate to call Ray Saleeby at (314) 997-7486. We would welcome the opportunity to assist you in obtaining your financial portfolio objectives. In addition, if you know of someone that is in need of our services, referrals are always appreciated. Saleeby & Associates, where our integrity and service are surpassed only by our performance.