International Value Equity Sell Discipline

One or more of the following would trigger a sale of a stock:


Value Screening Process: Stock that appears fully valued within its sector.


Deteriorating Fundamentals
: When a company experiences excessive margin compression, weakened coverage, incurring debt to cover weak operating cash flow.


Absence of a Near-term Catalyst
: Catalysts have been realized or eliminated.


Size Limitation Reached
: Once a stock reaches 3% of the portfolio, we review for partial sale or elimination.


Sector Limitation Reached
: When the performance of a stock causes the sector to become excessively over weighted versus its target weighting, we review it for partial sale or elimination.


Regional Developments
: Concerns regarding political instability or deteriorating economic fundamentals.

 

Optique Capital Management | 222 East Erie Street | Suite 500 | Milwaukee, Wisconsin 53202
Phone: 414-604-5200 | Fax: 414-604-5201