Jim Kitzinger of KLCM visited Marquette University's AIM program this past week
 |
| Dr. Krause and Mr. Kitzinger meeting with students in AIM Room |
 |
| Jim Kitzinger presenting in the AIM Room |
Jim discussed KLCM’s equity investment philosophy and process –
explaining his firm’s bottom up stock picking approach and their focus on out
of favor and neglected companies. True to the principles of a value equity firm,
he confirmed that cash flow is critical for shareholders and is central to
their valuation analysis. He also stressed the importance of protecting the
downside, which confirms the importance KLCM places on strong management. He
told the students that they seek out firms that possess a catalyst to drive
earnings and to realize untapped value.
 |
| Jim Kitzinger |
Dr. Krause stated, “Consistent with the approach taken by the students
in the AIM program, KLCM’s process is driven by intensive research; an understanding
of company and industry drivers; clear and achievable management objectives;
and seek favorable risk/reward supported by valuation disciplines. They run
concentrated portfolios of 25 to 30 stocks and will add to and trim positions
to take advantage of market volatility and to manage risk. We will hear from
many different portfolio managers this semester and I believe that starting
with Jim Kitzinger set a high bar.”
As per his
previous visits, Jim loves to talk about the finance industry and socialjustice within a democratic society. The students asked questions and had an
opportunity to interact with Mr. Kitzinger in more detail after class. Krause
stated, “We appreciate the efforts of local portfolio managers to visit our
classroom – these meetings keep the ‘applied’ in the AIM program. And Jim
Kitzinger is typical of the type of support we receive from the asset
management industry – we greatly value his time with us.”
