Philosophy

What makes Coho unique?

We firmly believe that the best method to create and sustain long-term wealth is to protect principal in down markets and to generate competitive returns in all but the most speculative of up markets. 

The stock market can be a turbulent place.  It is our goal to provide our clients with a satisfying, low anxiety experience.  We achieve our objective by investing in companies that exhibit a specific combination of attributes that serve as “shock absorbers” during difficult periods.  These characteristics include:

• Consistent long-term revenue, earnings, and dividend growth
• An earnings stream that is considerably less volatile than market peers and largely insulated from economic cycles
• Above average profitability
• Strong balance sheets
• Significant cash flow generation
• Business models that are not overly capital intensive
• A preference for returning excess cash to shareholders, through dividends and buybacks
• A price that does not reflect the long-term value of the enterprise

This, in turn, creates a portfolio of high quality companies, with a consistent pattern of returns over economic cycles. 

To view our portfolio characteristics, click here.