Fried Asset Management, Inc.
U.S. Headquarters:
15415 Sunset BLVD.
Pacific Palisades, CA 90272
The Buyback Strategy
David Fried created the Buyback strategy after he discovered the market-beating value of buying stock in select companies that are repurchasing their stock. By investing in these companies, you are putting the powerful forces of supply and demand to work in your favor.
When a company buys back its own stock, it reduces the number of shares outstanding, which gives each remaining shareholder a larger percentage of ownership in the company. This often results in lower price/sales, price/earnings and price/cash flow ratios for a company’s stock, which then can lead to higher share prices and better-than-average returns.
Our quantitatively based, disciplined investing strategy is based on examining hundreds of buybacks with low risk but the potential for high returns.
We start by tracking all major corporate buyback announcements. Next, he makes sure these companies actually buy back a significant number of shares (a surprisingly large number do not), so the buyback has a real impact on the value of the stock. If a stock meets all of those criteria, Fried and his staff scrutinize the firm's financial strength, cash flow, management, prospects for growth, contracts and other crucial factors to ensure that the company is rock-solid and its shares are reasonably priced.
For us to recommend a company, the stock must have the potential to double in 2-4 years, a good business story, good management and a current buyback program already underway.
The Buyback Letter
The Buyback Letter, a monthly online newsletter, is the only publication devoted to investing in companies that buy back their own stock.
Editor David Fried’s exclusive research, evaluation and recommendations of buyback stocks put his subscribers at the head of the investing pack. All six of the portfolios we present in the newsletter are beating their benchmarks since inception.
If fact, the Hulbert Financial Digest ranked The Buyback Letter #1 for risk-adjusted returns among stock-picking newsletters and #2 among all newsletters for the five-year period ending 12/31/2001, and it continues to rank in the Top 10 newsletters.
We’re very proud of this ranking and will work hard to continue to earn it.
Founder - David Fried
David's asset management firm – Fried Asset Management, Inc. – offers separate investor advisory and money management services which use the “Buyback Strategy” principles.
Fried Asset Management, Inc.’s managed accounts have outperformed the S&P 500 by 89% since inception in January 1998 (82% vs. a 7% decline for the S&P 500 for year ending 12/31/08). (A BDO Seidman audit is available on request; past performance is no guarantee of future results.)
Mr. Fried has been a featured guest on Bloomberg Television, CNBC’s “Money Club,” and “Squawk Box” and “Market Wrap” with Bill Bresnan in New York City. He has also been profiled in the New York Times, Los Angeles Times, USA Today, Barron’s, Bottom Line Personnel, Kiplinger’s Personal Finance, Forbes, Fortune, Business Week and numerous other publications.
Mr. Fried was listed as one of “50 Great Investors” in Fortune’s Investors Guide 2004. He is also an approved guest speaker for the American Association of Individual Investors. In 2008 he helped found First Commons Bank of Newton, MA.
A Cornell graduate, Mr. Fried is one the few money managers to have also founded a company listed in Inc. Magazine’s annual “Inc. 500” list of the 500 fastest growing private companies (1989).
Mr. Fried served on the Board of Directors of L.A. Family Housing from 2002-2008. Mr. Fried also completed a rigorous training program led by former Vice President Al Gore and was named one of Gore’s select “Global Warming Messengers” in 2007. Through grassroots speaking engagements and local outreach to businesses, schools and individuals, he has spread the message about the threat of and solutions to global warming.
Please be aware that Fried Asset Management, Inc. has a portfolio minimum of $100,000 to accept inquiries through this directory.
