Long-Term Value

Below are key factors that we consider in determining a business’s long-term value:

  • Long-term competitive advantage (low-cost producer, proprietary intellectual property, patents/trademarks, global brand)

  • Business is understandable

  • Barriers to entry (i.e. monopolistic or oligopolistic in nature, market share leader)

  • Strong management 

  • Good returns on invested capital

  • Ability to reinvest capital at high rate of return

  • Companies that appear to be selling at a discount compared to their intrinsic value

  • Great free cash flow

  • Minimal capital spending

  • Strong balance sheets (tangible/nontangible assets).

  • Huge appreciable markets

  • High switching cost to go to a competitor

  • Buying power and/or pricing power


11301 Olive Blvd., St. Louis, MO 63141

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Disclaimer: Past performance is not indicative of future results.  All investments involve risk, including the possible loss of principal.  The information on this website does not constitute an offer to buy or sell any securities.  We are not registered in all states.  Saleeby & Associates only transacts business in states where it is appropriately registered to do business.  Securities and Investment Advisory Services offered through Cutter & Company, Inc., Member FINRA and SIPC, 15415 Clayton Road, Ballwin, MO 63011 (636) 537-8770.