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 Small/Mid Cap Value Strategy invests in 30-50 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.