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No. of Recommendations: 0
Mike,

Due to the fiduciary duty I have, I seek capital preservation before capital growth. Therefore, I tend to look only at companies that have been in the EPB for a couple years. I completely agree that these stocks are many times fully valued. Therefore, I put them on the watchlist for possible purchase down the road. Quite often, I miss moves waiting for the pullback. But, it is a chance I have to take.

In general, I'm not finding much value out there for companies that meet my criteria/constraints (ie, over $1B in MV, with Earnings Power, low intangibles, low debt, etc). Since I need to be mostly fully invested, I'm looking more for relative value right now.

I'd be very interested to see if others are having success with staircase companies that only recently moved into the EPB.

Best regards,
Matt
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