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Walrus Partners invests in niche market segments to produce returns that exceed the general market averages.
The firm's "Special Situations" strategy concentrates on emerging growth stocks that have established track records ("post-venture") but have not yet become widely followed ("pre-institutional"). Most selections are leaders in fast growing industries (sales growth > 30%). Profitability typically has been achieved, although margins often improve over time as volume continues to expand. Capital structures usually are solid, enabling the companies to finance most or all of their growth internally. Direct competition tends to be modest. Future prospects generally are not dependent on macroeconomic conditions.
Walrus seeks to obtain entry prices where P/E multiples and other valuation criteria are similar to less dynamic securities, providing a downside cushion combined with significant appreciation potential. Leverage is used sparingly, to minimize portfolio risk. Returns generally reflect the portfolio's genuine investment performance rather than financial engineering. Cash reserves of 5%-15% normally are maintained to provide funds for new investments and to accommodate the needs of our investors for liquidity.
A comprehensive record of the strategy's performance is available in the "Products" section of this website. S.E.C. regulations require us to limit access to that information to accredited investors. ( Click here to apply for an account)
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