“Investing in sustainable businesses with compelling medium term valuations that we believe will not disappoint the market”
Lennox is underpinned by the view that independent earnings forecasts and a medium term investment horizon allows them to exploit inefficiencies that exist within the market. Lennox targets sustainable businesses with compelling medium term valuations that we believe will not disappoint the market.
Our philosophy is based on the following three core beliefs:
- The qualitative attributes of a company influence our ability to forecast real earnings
- A small number of key drivers will determine a business’s success
- Short-term earnings expectations must be met
Through the application of these beliefs, we aim to benefit from change by being exposed to the economic winners of social, structural and company change. In addition, Lennox’s ‘no surprise’ mind-set permits them to invest only in transparent businesses with strong management and forecastable earnings.