Copperfield Research is the pseudonym of a research team focusing on publicly traded equities. As of the publication date of our articles, we may have long or short equity positions in the companies covered. We do not discuss unpublished reports, or provide any advanced warning of future reports to others. Due to the danger of retaliation, our reports are written under a pseudonym. Please read our Disclaimer on the front page of every opinion piece before reading any of the material.
The most drastic dislocation of value and intrinsic value, I believe, lies with companies that are heavily beaten up or ignored by the market. They are companies on the precipice of bankruptcy, their balance sheets plagued with opacity or possessing such a small market capitalization that most investors won't even consider them. I believe in a weak form market efficiency and thus think that the disparity with perceived and intrinsic value will eventually disappear after certain well-defined catalysts.
I enjoy the highly journalistic nature of equity research, viewing each prospective idea as the equivalent of entering a crime scene, parsing through the clues dotted around. And the most satisfying part is to be able to synthesize seemingly disparate information and form a conclusion about the case.
I highly believe that we should only take swings when we are confident of a home run. Thus, pieces posted on seekingalpha are my high conviction ideas.
Do drop me a mail at email@example.com if you wish to connect.
Chris Colvin, CFA, is the Founder and Managing Partner of Breach Inlet Capital Management, LLC, which is a Registered Investment Advisor. We use a concentrated strategy targeting U.S.-listed small cap equity transformations, defined as companies going through significant changes to create substantial shareholder value.
As a value driven investor, my investment approach is safe and cheap. I focus on investing in companies with extremely strong financial positions offering future growth at a discount. I take that same top-down approach and apply a synthesis of market implied growth rates in securities to isolate companies where existing assets of the business covers the market price. I closely monitor the underlying fundamentals of financial markets and the global economy.
Where my research typically diverges from convention is - incorporating a volatility based perspective to the fundamental analysis, enhancing the risk control in investing.