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SCOUT by SouthernSun Asset ManagementAuthor: SouthernSun Asset Management
Welcome to Scout, a podcast from SouthernSun Asset Management. SouthernSun is a Memphis based firm that invests in Small-cap and SMID-cap businesses worldwide. We aim to invest our clients capital in companies that exhibit three key characteristics: Niche Dominance, Management Adaptability, and Financial Flexibility. We believe that time is a friend to companies that exhibit these traits. We take a hands-on approach to our work, which leads us to factories, trade shows, and meetings all over the world. We want to take you along with us as we study high-quality companies that fit our unique investment approach. Language: en Genres: Business, Investing, Management Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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SCOUT Episode 5 - "The Sound of Silence"
Episode 5
Tuesday, 19 December, 2023
Welcome to another episode of SCOUT. We’ve produced this podcast series to give clients and friends a view into SouthernSun’s investment process. Sit back and enjoy today’s latest episode of our podcast, “SCOUT: On the Road with SouthernSun” about Armstrong World Industries, a company within the SouthernSun portfolio that: IS A CLEAR NICHE LEADER. In the ceilings industry, Armstrong boasts more than a 50% market share. Its closest competitor is less than half Armstrong’s size. And this is not just a passing trend … Armstrong has had this stronghold for about 30 years. REINVESTS WISELY. Armstrong management has a track record of reinvesting in its core business to reinforce and enhance its strong competitive position. Since 2016, Armstrong has returned to shareholders over $1 billion in dividends and share repurchases. RELENTLESSLY INNOVATES, DESPITE BEING 160 YEARS OLD. One of the oldest American companies, Armstrong finds itself being the answer to its customers’ ceiling needs. Its industry-leading service levels engender customer loyalty. And its consistent rate of new products and services show that it is a company that doesn’t rest on its laurels – rather, Armstrong strives to continuously meet the evolving needs of its customers. Important Disclosures: This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients. Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited. Past performance is not indicative of future results, which may vary. The information contained herein may be estimates, are as of the dates indicated, and are subject to change without notice. The information contained herein does not constitute an offer, solicitation or recommendation of any transaction in any securities referred to herein. Holdings are subject to change and should not be construed as investment advice. References to exited positions indicates that the position has been fully liquidated from the portfolio by SouthernSun except in instances, if applicable, where a client has instructed us otherwise. Statements received directly from the account custodian should be regarded as the official record for a client’s account. This information is being furnished to you for informational purposes only and should not be solely relied upon when making an investment decision. Any performance composite data utilized herein is used for illustrative purposes only and may not be inclusive of your account or reflective of the performance specific to your account. Performance data provided herein reflects the reinvestment of dividends and other earnings. All information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients. Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited. Regulatory Disclosures: This material is provided for informational purposes only and is only directed at persons who may lawfully receive it. You should satisfy yourself that you are lawfully permitted to receive this. This material is not intended to be relied upon as a forecast or research and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy nor is it investment advice. Past performance is not a reliable indicator of future performance. SouthernSun Asset Management, LLC is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser. SouthernSun Asset Management (UK) Ltd., a subsidiary of SouthernSunAsset Management LLC, is a UK domiciled limited company that is authorized and regulated by the Financial Conduct Authority. © 2023 SouthernSun Asset Management, LLC. All Rights Reserved.
