Copeland Capital Management


P H I L O S O P H Y

Our Investment Philosophy



Own companies that have sustainable competitive advantages, generate substantial free cash flow, and that are led by management teams who deploy cash in the most advantageous manner for shareholders.

 

Sustainable Competitive Advantages That Lead to:

  • Low Cost Operating Models
  • Differentiation of Products or Services
  • Demonstrated Pricing Power

Cash is King

  • Cash Rich Business Models
  • Growth of Free Cash Flow Drives Valuations Over Time

Deployment of Free Cash Flow

  • Return to Shareholder
    • Dividend
    • Share Buybacks
    • Paying Down Debt
  • High Return on Capital Initiatives
    • Internal Capital Expenditures
    • Acquisitions


Investment Philosophy and Process

MARK W. GIOVANNIELLO, CFA
Portfolio Manager, CIO

  Copyright © 2006-2011 Copeland Capital Management, LLC