Jim Wright and John Fattibene discuss Harvest Financial Partners. Their investment philosophy is based on the three tenets of dividends, quality and valuation. When selecting investments, Mr. Wright and Mr. Fattibene look for companies that pay sustainable dividends and are high quality. To them, quality is defined by attractive returns on investment, profitability, free cash flow, low debt and trustworthy management. Once they identify companies that meet these criteria, Mr. Wright and Mr. Fattibene wait patiently for the valuations to become attractive or cheap. Their sell discipline is then a mirror of their buy discipline. Dividends being cut, a slip in quality or a stock being overvalued are all reasons that Mr. Wright and Mr. Fattibene would sell a position.
Full interview HERE.