Targeting
Characteristics of the companies we target include: (i) recent operational stumble(s); (ii) poor corporate governance; (iii) a decline in analyst coverage; and (iv) limited earnings visibility. The result is a stock that is trading well below industry comparables. Many of these small-cap companies remain under the radar of larger investment funds that seek liquid, more passive opportunities. The resulting paucity of talent and capital investing in Firebrand’s universe of companies creates tremendous inefficiencies and the opportunity for extraordinary returns.