Activism | Management | Price Crash  | Audit
Member Login

Eight insightful letters sent by Roumell Asset Management

by | Aug 9, 2016

Roumell Asset Management

In the past eleven years, Mr. Roumell has sent very few public letters to the Board and the CEO. Nevertheless, the letters sent by Mr. Roumell are rich with insights gathered through field check (“Scuttlebutt research”).

It is apparent from his letters that he attends trade conference, speaks with competitors and customers to gather information about the company’s business. In one of his letters he wrote, “I personally sat in a commercial compressor distribution store to witness first-hand the strength and persistency of the Company’s after-market business”.

In fact, his fund’s website has a dedicated page named “company visit” (very rare practice among investment funds). You can see a few pictures taken during his field visit.

I’ve compiled the list of “interesting” excerpts from his letters. Also, the complete letters can be found in the “exhibits” section. The purpose of reading this? Readers can use it for “idea generation” and to improve their research skills.

Download the report: Eight insightful letters sent by Roumell Asset Management – Snowball Research

Subscribe

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Disclaimer

(1) The content on this site is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. (2) We solemnly rely on publicly available data. As such, we might miss out some critical information about CEOs. (3) Analysis and opinion about CEOs are based on few qualitative parameters and it is predominately done to aid clients screen for investment ideas. It is NOT an indicator of the CEO’s personal traits, integrity or capabilities. (4) We take privacy rights seriously. We do not compile credit scores, consumer reports and do not publish non-public information. (5) You may not use our service, or the information it provides, to make decisions about consumer credit, employment, insurance, tenant screening, or any other purpose that would require FCRA  compliance. March Intelligence Research, LLP does not provide consumer reports and is not a consumer reporting agency. (These terms have special meanings under the Fair Credit Reporting Act, 15 USC 1681 et seq., (FCRA), which are incorporated herein by reference). (6) The information available on our website may not be 100% accurate, complete, or up to date, so do not use it as a substitute for your own due diligence. March Intelligence Research, LLP does not make any representation or warranty about the character or the integrity of the person, profiled in the website. (7) For detailed disclosure, please refer our “Terms of Use”.