“We are disciples and proponents of value investing and believe that a value approach should be part of every equity portfolio.”
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
Senior Vice President, Director of Business Development
YEARS AT OLSTEIN
Timothy Ermi's intelligent approach to business development is focused on helping companies use value strategies to realize their investment objectives.
Tim is responsible for creating effective initiatives that deliver our investment strategies to long-term investors. He also leads our client service team. Before joining Olstein Capital Management, Tim was employed at Credit Suisse Asset Management where he served as Vice President, Strategic Account Management and as Vice President, Product Development for CSAM's predecessor firm, BEA Associates. He previously held roles as Senior Vice President of Marketing for Dabney/Resnick Asset Management and Director of Marketing and Strategic Planning for Third Avenue Funds and its affiliated brokerage firm, MJ Whitman.
Tim serves on the Sales Force Marketing and Public Communications committees of the Investment Company Institute. He earned a B.A. in English from Villanova University and an M.B.A. in Marketing from New York University's Stern School of Business.
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.