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 +
“Be engaged. In our business, we can never be on autopilot. We are active managers because we believe in the logic of value investing.”
Why we don’t talk to company management.
We are not looking for short-term outlooks or positive spins. Here's what we look for... Ask UsMichael Luper
President, Chief Operating Officer and Chief Financial Officer
25
YEARS AT
OLSTEIN
OLSTEIN
28
YEARS EXPERIENCE
Michael Luper provides valuable firm-wide leadership ranging from finance to technology. His pragmatic, collaborative approach keeps us nimble and relevant in an evolving market.
As President and COO, Michael is responsible for day-to-day management of the firm with primary oversight of client development and relationship management, information technology, human resources, compliance, and administration of the operational aspects of research, trading and portfolio management. As CFO, Michael oversees the financial aspects of the firm.
He is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. With a commitment to his local community, Michael serves on the Audit Committee of the Katonah-Lewisboro Union Free School District and was elected to the board of his homeowners' association.
Prior to joining the Olstein team, Michael was a staff accountant with J. H. Cohn & Company (now CohnReznick LLP), among the largest accounting and consulting firms in the United States. He holds a B.A. in Accounting from The College of New Jersey (formerly Trenton State College).
Recent Insights
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 +