Hayes Asset Management

Investment Philosophy

Hayes Asset Management's investment philosophy is centered on the belief that the value of an investment is not determined by its popularity, but rather by its intrinsic worth. This bottom-up, fundamental value investing approach is characterized by three key features: identifying undervalued securities, conducting thorough research and analysis, and maintaining a long-term investment horizon. By focusing on these fundamentals, Hayes Asset Management seeks to deliver superior long-term performance for its clients.

Investment Strategy

At Hayes Asset Management, we specialize in offering highly focused value investment strategies tailored to the unique goals and risk tolerance of each client. Our investment process begins with a daily review of securities that have reached their new low. Should a holding meet our criteria, we then proceed to review their SEC filings, company website, and contact the company directly. This hands-on approach allows us to gain a deep understanding of the company's financials, operations, and management, enabling us to make informed investment decisions.

Our investment decisions are guided by a rigorous valuation process that takes into account various factors such as price/book ratio, price/sales ratio, debt level, and insider buying. After completing the valuation, we determine a price we are willing to pay for the stock, and we begin to take a position in the security when the market value reaches that price.

Buy Discipline

At Hayes Asset Management, we believe that patience and discipline are crucial to successful investing. We take a "buy and hold" investment approach, focusing on securities that meet our value criteria. This strategy is based on the understanding that financial securities are subject to significant and unpredictable movements, but that companies have stable underlying economic values that can be measured with reasonable accuracy by a diligent and disciplined investor. By buying securities only when their market prices are significantly below calculated intrinsic value, we are able to produce superior returns over the long run.

Sell Discipline

Our sell discipline is equally important in managing investment risks and maximizing returns. We may hold or even buy more of a security if its price moves down, as long as our original investment thesis remains intact. However, we do have a set of sell factors that trigger a sale, including: when an equity security appreciates to a high proportion of the portfolio's total value, when business fundamentals that prompted us to buy a given stock are no longer present, when we have discovered a more compelling investment opportunity, and when the security is fully priced and chances of further appreciation are limited.

Personalized Investment Portfolios

At Hayes Asset Management, we understand that each client has unique investment goals, risk tolerance, and time horizon. That's why we offer personalized investment portfolios that are tailored to each client's specific needs. Our goal is to help our clients achieve their long-term financial objectives while protecting their principal investment from market risks and volatility.

Exemplary Personal Service

At Hayes Asset Management, we pride ourselves on delivering exemplary personal service to our clients. We believe that ongoing communication and education are essential to building a successful long-term relationship. That's why we provide regular updates on market conditions, investment strategies, and portfolio performance, and are always available to answer any questions or concerns our clients may have.