“As a value investor, you need to be grounded in your numbers and know the reason you own each business.”
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
John D. Sullivan, Jr., CFA
Vice President and Portfolio Manager
YEARS AT OLSTEIN
John Sullivan thrives on identifying misunderstood, overlooked, or temporarily troubled companies selling significantly below their intrinsic value.
John joined Olstein Capital Management as a Research Analyst in 2005 after serving as a research intern the previous year. In 2022, John was promoted to the position of Portfolio Manager following seventeen years as a valued member of the portfolio management team. Previously, he was promoted to the position of Vice President in 2013. John has been actively involved in the firm's client servicing efforts providing portfolio updates in meetings with financial intermediaries, advisors and consultants.
As a CFA charterholder, John is a member of the CFA Institute and CFA Society New York. He holds a B.S. in Business Administration with a concentration in Finance and a minor in Economics from Fordham University.
Why do we focus on Free Cash Flow?
It's the lifeblood of a business. Here's how it affects a company's value.Ask Us
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 +
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 +
LEGAL DISCLOSURES AND OTHER IMPORTANT INFORMATION
Investing involves risk including possible loss of principal. Investors should carefully consider the investment objectives, risks, charges and expenses of the Olstein Funds. This and other important information is contained in the prospectus, which should be read carefully before investing. For a copy, click the prospectus link below.
Fund holdings are subject to change at any time.
Please click herefor fund holdings for Olstein All Cap Value Fund. Please click here for fund holdings for Olstein Strategic Opportunities Fund.
Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow. Free cash flow represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet.