Robert Olstein

Robert Olstein

Olstein Capital Management, L.P.
Last update 2020-08-12 104 Stocks (5 new)
Value $535.00 Mil Turnover 8 %
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Robert Olstein Profile

Robert A. Olstein is the Chairman and Chief Investment Officer of the Olstein Financial Alert Fund (OFALX). He is considered to be an expert in corporate financial disclosure and reporting practices. In 1971, he co-founded the "Quality of Earnings Report" service, which pioneered the concept of using inferential financial screening techniques to analyze balance sheets and income statements to alert institutional portfolio managers to positive or negative factors affecting a company's future earnings power and value of a company's stock.

Robert Olstein Investing Philosophy

Robert Olstein selects stocks by looking behind the numbers. He emphasizes a detailed look behind the numbers of a company's financial statement to assess the company's financial strength and assess potential downside risk. He believes that the Fund's objectives are best met by a "defense first" approach - an approach aimed at minimizing investment errors as opposed to finding companies with the highest appreciation potential without regard for downside risk. To qualify for his selection, a company must generate more cash flow than necessary to sustain the business, avoid aggressive accounting practices, demonstrate balance sheet fundamentals that are consistent with his defense first approach, and be selling at a discount to the private market value. Robert Olstein sells a stock when the stock appreciates to his appraised value.
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Performance of Olstein All Cap Value Fund

Year Return % S&P500 % Excess Gain %
2019 27.15 30.58 -3.4
2018 -10.99 -4.57 -6.4
2017 14.29 21.7 -7.4
3-Year Cumulative (2017-2019) 29.35 (8.96/Year) 51.65 (14.89/Year) -22.28 (-5.93/Year)
2016 11.53 12 -0.5
2015 -9.51 1.24 -10.8
5-Year Cumulative (2015-2019) 30.54 (5.48/Year) 71.96 (11.45/Year) -41.40 (-5.95/Year)
2014 15.03 13.46 1.6
2013 36.41 32.31 4.1
2012 15.3 15.99 -0.7
2011 -4.3 1.9 -6.2
2010 16.17 15.05 1.1
10-Year Cumulative (2010-2019) 162.57 (10.13/Year) 251.03 (13.38/Year) -88.46 (-3.25/Year)
2009 37.01 26.35 10.7
2008 -43.8 -36.79 -7
2007 -3.43 5.15 -8.6
2006 14.44 15.84 -1.4
2005 2.79 4.83 -2
15-Year Cumulative (2005-2019) 129.67 (5.70/Year) 257.98 (8.87/Year) -128.31 (-3.15/Year)
2004 11.05 10.7 0.4
2003 36.19 28.18 8
2002 -19.27 -21.58 2.3
2001 17.25 -11.76 29
2000 12.93 -9.75 22.7
20-Year Cumulative (2000-2019) 271.30 (6.78/Year) 217.22 (5.94/Year) 54.08 (0.84/Year)
1999 34.89 20.38 14.5
1998 15.01 28.69 -13.7
1997 34.83 33.49 1.3
1996 24.36 22.5 1.9

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