an AGGRESSIVE INDUSTRY BASED VALUE INVESTMENT PROCESS
Larry Chlebina’s diverse background in most aspects of business growth and development has solidified the important elements of his Tiger Strategy. Larry has an Engineering undergraduate degree, possesses fifteen patents, and has a Masters Degree in Business Administration
The Tiger Strategy starts with the number one cause of price movement in a stock – industry trends*. The Strategy seeks out value opportunities in industries that are at extreme cyclical or economic lows. These industries are evaluated for obsolescence (are they needed in the future?). If the industry is not obsolete, then by definition, the industry cannot fail and stronger companies within it should recover. Most of the work involved in the Strategy involves understanding the industry dynamics:
•Cause of industry decline
•Industry response to the decline
•Recovery response: Cyclical or singular event(s)
•Recovery timing
•Recovery magnitude
When an industry appears to be poised for recovery, companies within it are evaluated for their potential and fundamental strengths. A basket of these companies which are viewed to have the most potential are then selected for investment. This basket approach seeks to reduce company specific risk, while making the investment more of an industry bet.
Several industry baskets are invested at any time to form a portfolio. Each stock within the portfolio has a target price which may change with changing circumstances. Once the target price is approached, the stock is usually sold.
There is no certainty that any investment strategy will be profitable or successful in achieving your financial objectives.Securities offered through First Allied Securities, Inc. A Registered Broker Dealer, Member: FINRA/SIPC