We examine cash, land, inventory, property and other tangible assets to help assess what a business may be worth.
We invest in U.S. small- and micro-cap companies when we believe their market price is meaningfully below our estimate of value. Tangible book value, liquidation value and replacement cost help inform that estimate.
Peapod offers investors a way to include balance-sheet-driven investing alongside other approaches in a broader equity portfolio.
Martin Friederichs
Interested in Peapod’s asset-focused approach? Email Martin to discuss our process and whether it fits your portfolio.
We manage separately managed accounts for individuals and institutions.
Accounts may be held at Northern Trust, State Street, Charles Schwab or Interactive Brokers.