Before making a decision to invest, it is imperative to look for specific financial, competitive and structural characteristics that signal that the problems are temporary. READ MORE +
“As a former auditor, I bring a different point of view to the evaluation of risks and opportunities.”
Why we don't talk to company management.
We are not looking for short-term outlooks or positive spins. Here's what we look for... Ask UsTim S. Kang
Senior Vice President and Portfolio Manager
18
YEARS AT
OLSTEIN
OLSTEIN
29
YEARS EXPERIENCE
Tim Kang brings a broad vision and diverse experience to his work at Olstein Capital Management. He is an expert in accounting-driven analysis to determine a company's intrinsic value.
Tim was promoted to the position of Portfolio Manager in 2022, following sixteen years as a senior member of the portfolio management team. Previously, Mr. Kang was promoted to the position of Senior Vice President and Senior Research Analyst in 2013. Mr. Kang has been quoted or featured in several business media outlets such as Barron's, The Wall Street Transcript, Bloomberg News, Bottom Line Personal, and GuruFocus Value Investing Live. Before joining Olstein, he held the position of Vice President, Equity Research Analyst with Citigroup Asset Management covering Asia ex-Japan financial stocks (in Melbourne, Australia), and assisted in covering US bank stocks. Prior to that, he was an Assistant Vice President at PPM America, Inc., serving as a member of the high-yield bank loan team working on private bank loan transactions in all industry sectors. Tim has also served as a Senior Auditor at Arthur Andersen, L.L.P.
Tim earned an M.S. in Accountancy from DePaul University in Chicago, Illinois, and a B.S.Sp. with a concentration in Economics from Northwestern University in Evanston, Illinois.
Recent Insights
It is an investment analyst's job to determine the economic realism of management's assumptions and to eliminate management biases by making the appropriate adjustments to reported earnings data. READ MORE +
A careful reading of the letter not only focuses on what management chooses to emphasize but also what management chooses to omit or minimize. READ MORE +
Only traders and speculators should be concerned about short-term stock price movements measured in months, days, or hours. READ MORE +
Comparing depreciation schedules to economic reality is a must for any investor when analyzing financial statements. READ MORE +
As a result of this emphasis on avoiding short-term volatility, investors have become more focused on short-term price movements. READ MORE +
We read for "heat," looking for subtle phrases or trigger words that, in our experience, may signal a significant change in an industry or company that could unlock or create significant long-term value for shareholders. READ MORE +
A company that communicates effectively with shareholders and other equity market participants can increase the probability of successful turnaround. READ MORE +