Returns
A constant that defines all our work is ownership with complete accountability. This commitment builds portfolio strength and aligns asset performance with the goals of discerning investors.
Fundamental to this philosophy is Dixon Mitchell’s equity screening process:
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Qualitative Attributes: 1. Sustainable Competitive Advantage
2. Positive Industry Fundamentals 3. Equitable Corporate Governance |
Quantitative Evaluations: 1. High Return on Invested Capital
2. Current Dividend Yield / Trend 3. Cash Flow Strength |
Through this analysis, Dixon Mitchell evaluates each equity holding as a business. If that business is not run by management whose interests are aligned with ours, or if it does not generate a true investment return through cash flow and dividends, it is not a candidate for Dixon Mitchell portfolios.These rigorous standards, along with our unwillingness to overpay for a company, produce stable long-term performance and portfolios that stand the test of time.