Granite Value Capital derives its investment philosophy from the principles set forth by Benjamin Graham and Warren Buffett. The firm views a stock purchase as an ownership interest in in a company. The investment approach emphasizes preservation of capital while offering the opportunity for capital appreciation. All investments are observed from a risk standpoint. The goal is to minimize these three levels of risk and forms our 'Three Pillars of Investing':

Granite Value Capital tends to focus on fundamentally strong companies that have a history of high returns on capital, require low levels of capital investment, generate true cash earnings, have a history of generating organic growth and possess 'competitive moats' around their business.

Companies that have low levels of debt and high levels of cash possess generally possess less risk. We tend to focus on companies with low levels of debt.

Companies whose stocks sell at a low valuation relative to the market or its estimated 'intrinsic value' generally possess less risk.
"Investment students need only two well taught courses: - How to Value a Business, and - How to think about market prices."
- Warren Buffett, 1996 Berkshire Hathaway Annual Report
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Granite Value Capital's Three Pillars of Investing
1. Business Risk
2. Balance Sheet Risk
3. Valuation Risk
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Granite Value Capital, LLCPhone: (603) 643-0770
44 South Main Street, 1st Floor    Fax: (888) 845-2481
Hanover, NH  03755