Breithorn Capital Management On Deep Value, Strong Management And Value Traps

The quarterly Graham and Doddsville newsletter, published by students of Columbia Business School, is always an enjoyable read.

Unlike other publications, the Graham and Doddsville newsletter contains a number of in-depth interviews with value investors and money managers across the spectrum. The most interesting interviews come from those money managers that usually fly under the radar, with limited assets under management, but interesting ideas.

And this year’s spring issue of the newsletter contained an interview with Rolf Heitmeyer Co-Portfolio Manager of Breithorn Capital Management, a deep value-oriented investment firm with $190 million in assets under management.

Breithorn Capital Management & deep value

Breithorn believes using a determined investment strategy, relatively concentrated (3% to 5% of portfolio, no more than 10%) bets with...