Segesta Advisors combines innovations in fundamental analysis with a quantitative fundamental investment process to create attractive returns for patient, long-term investors.
The most basic assumption we make in the conduct of our work is that security prices are formed from information along a spectrum from the hard and verifiable to the purely speculative. Our task is to isolate speculative content in the price, and to understand whether the price appears broadly justified by the facts.
In arriving at a decision on this point, we challenge the price offered in the market. We do this by anchoring our analysis on fundamental information that we know to be indicative of the business value that underlies the security price in question.