Before making a decision to invest, it is imperative to look for specific financial, competitive and structural characteristics that signal that the problems are temporary. READ MORE +
“The objective of our analysis is to understand a company's business model and how its operations generate free cash flow.”
Where do we find value in the market?We pursue unrecognized value, obscured by economic uncertainty or overshadowed by temporary, but solvable, problems. Ask Us
Eric R. Heyman
President, Lead Portfolio Manager and Director of Research
Eric Heyman is a recognized leader in the financial community who oversees our collaborative, forensic approach to value investing.
Eric was named President of Olstein Capital Management in 2022. Having joined Olstein Capital Management's investment research team within months of its inception, Eric provides valuable firm-wide leadership with his pragmatic, collaborative approach that keeps us nimble and relevant in an evolving market. He has served as co-lead Portfolio Manager of the Olstein Strategic Opportunities Fund since its launch on November 1, 2006 and as co-lead Portfolio Manager of the Olstein All Cap Value Fund since October 31, 2008. In June 2005, Eric was appointed Director of Research overseeing the ongoing generation of investment ideas, sector and company coverage, and the orderly flow of information throughout the research department.
Eric has written articles on investing for Investment News and Financial Week and the American Association of Individual Investors, AAIII Journal and has been quoted or featured in numerous business media outlets such as The Wall Street Journal, The New York Times, Barron's, Bloomberg News, Value Investor Insight, GuruFocus, Wall Street Transcript, and The Associated Press.
Eric earned a B.B.A. in Accounting from Pace University.
It is an investment analyst's job to determine the economic realism of management's assumptions and to eliminate management biases by making the appropriate adjustments to reported earnings data. READ MORE +
A careful reading of the letter not only focuses on what management chooses to emphasize but also what management chooses to omit or minimize. READ MORE +
Only traders and speculators should be concerned about short-term stock price movements measured in months, days, or hours. READ MORE +
Comparing depreciation schedules to economic reality is a must for any investor when analyzing financial statements. READ MORE +
As a result of this emphasis on avoiding short-term volatility, investors have become more focused on short-term price movements. READ MORE +
We read for "heat," looking for subtle phrases or trigger words that, in our experience, may signal a significant change in an industry or company that could unlock or create significant long-term value for shareholders. READ MORE +
A company that communicates effectively with shareholders and other equity market participants can increase the probability of successful turnaround. READ MORE +