A formal monthly meeting of the investment committee is held to discuss the state of each holding and each new idea.
One week before the meeting, each member of the investment committee receives a packet of information on each current holding and new idea. The information package includes proprietary matrix that contains the following data: earnings surprises, earnings estimates, market cap, revenues, return on capital, growth rates, a valuation score, a technical score, and an earnings momentum score. This allows us to compare the apples to apples data between current holdings and new ideas.
A strategy for any possible trades is planned, and adherence to our sector and social responsibility guidelines are discussed. Sector weightings must not exceed two times the sector weighting of the corresponding index, and we may hold a zero weighting in any sector without a new idea.
Implementation of the
is then completed within the next month.
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Gerald R. Sparrow
Gerald R. Sparrow is a partner, Chief Investment Officer and Chairman of the Investment Committee. Gerald rejoined Buford, Dickson, Harper and Sparrow, (BDHS) in 2012.