investing in well-managed companies with significant free cash flow

In order to maximize long-term investment returns, GHA's portfolio consists of no more than 25 – 35 investments in companies that have a sound business model, strong management and the ability to generate significant free cash flow. Free cash flow can be used to pay dividends, repay debt, buy back stock or make accretive acquisitions which increases the returns to the shareholders and therefore the stock price. GHA invests when a short-term event or negative sentiment creates an attractive entry point and the investment is undervalued. Our strategy has relatively low portfolio turnover which minimizes the tax consequences for investors.

1530 London Road • Charlottesville, VA • 22901 • (434) 328-8489