“We understand the importance of focusing on cash flow along with earnings. At the end of the day, you can't spend earnings.”

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 Us

Peter W. Sicher, CFA

Research Analyst

6
YEARS AT
OLSTEIN
19
YEARS EXPERIENCE

Peter Sicher has a time-tested record of conducting intelligent, fundamental research to understand a company's business model, strategy, future prospects and management effectiveness.

With a keen understanding of how motivations and incentives may influence investment decisions, Peter incorporates the growing field of behavioral finance into our strategy at Olstein Capital Management. Prior to joining the firm, Peter held the position of Equity Research Analyst for Health Care Services at Sidoti & Company, LLC, where he prepared numerous equity research reports for public consumption. Previously, he served as an Associate at Bond Street Holdings and as an Analyst at Capital One Asset Management. Peter is a CFA charterholder and a member of the CFA Society New York. 

Peter graduated from Tulane University with a BA in Political Economy and from Carnegie Mellon University, Tepper School of Business in Pittsburgh with an MBA. While at Carnegie Mellon, Peter served as a portfolio manager for the Tepper Opportunity Fund, a managed, long-only US equity student-run investment fund. 


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

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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 here for 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.

Past performance is no guarantee of future results. This information is not an offer to sell or a solicitation to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase, or sale may not lawfully be made. Important legal information – please read the disclaimer before proceeding. Be sure to read the Olstein Funds Privacy Policy before becoming a shareholder. Click here to read the disclaimer+