Investment Objective
For 40 years, Snyder has strived to earn the trust and confidence of our partners by investing with a long-term perspective in high-quality underappreciated companies it believes should generate consistent superior returns over the long run.

Strategy
The Concentrated Strategy invests in 20-30 companies that, in our opinion, exhibit a set of high quality characteristics.  These characteristics include differentiated and sustainable products or services, above average free cash flow, below average financial leverage, and a management team with a strong track record of both operational execution and capital allocation.  We look to buy these businesses when they are trading at a discount to our estimate of their intrinsic value.  This is achieved through a bottom-up portfolio construction process based on intensive, fundamental research and valuation analysis while incorporating a view of the macro factors.  This process is implemented using a proven team-based approach.