With a value lens, Hemlock Partners ("Hemlock") is dedicated to uncovering the market's best investment opportunities. Our team brings a common-sense approach to a marketplace which often trades on an irrational greed-and-fear cycle. We view this predictable pattern not as a challenge, but an opportunity. Hemlock's Asset-Rich Investment Service is designed specifically for individual investors with a long-term investment horizon. The cornerstone of the service is to acquire solid companies at bargain prices. These golden occurrences arise when a company’s share price trades at a dramatic discount to the firm’s intrinsic value, and even better, below its liquidation value. From time to time, Hemlock will also selectively short a security which appears dramatically mispriced given our proprietary research and expertise. Opinions expressed here are reflective of the Hemlock team as a whole.