Published on 19 Apr 2024 on GuruFocus.com via Yahoo Finance
Robert Olstein Bolsters Portfolio with a 1% Stake in The Middleby Corp
Insights from the Olstein Financial Alert Fund's Latest 13F Filing
Renowned for his forensic accounting expertise, Robert A. Olstein, Chairman and CIO of the Olstein Financial Alert Fund, has disclosed his first-quarter investment moves for 2024. Olstein, who co-founded the "Quality of Earnings Report" in 1971, is a venerated figure in financial analysis, emphasizing a "defense first" approach to investing. His strategy focuses on companies with strong cash flows, conservative accounting, solid balance sheets, and those trading below private market value. Olstein's investment decisions are driven by a meticulous examination of financial statements, seeking to minimize downside risk while identifying undervalued stocks.