“Investing requires diligence. We take time to really understand each company.”
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
YEARS AT OLSTEIN
Rich Vitale manages our trading operations with a long-term mindset on value investments.
As Head Trader, Rich works closely with our portfolio management team to minimize risk and seek best execution of trades. His strong networking capabilities and collaborative spirit have played a pivotal role throughout his career. Richard previously served as Options and Equity Trader for OTA LLC, a leading trading and research firm exclusively serving institutional investors. Also at OTA, he was Trade Floor Assistant and Internal Financial Analyst, responsible for monitoring trading operation profitability. Prior to that, Richard served as a Financial/Budget Analyst at TRW.
Rich earned a B.A. in Accounting from Rutgers University. His licenses include: Series 7 (Stocks, Bonds), Series 55 (Trading), and Series 63 (State Laws).
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.