Author: Ticker Magazine
123jump.com
Last Update: 7:46 AM EST January 16 2008

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Eric S. Ende		“We believe that by investing in companies that earn a high return on capital and reinvesting the considerable cash flow in a manner that maintains those returns, we will, in the long run, surpass our competition in performance.”
		FPA Perennial Fund

Identifying superior businesses with sustained high returns on capital in a universe of small to mid-cap stocks is easier said than done. FPA Perennial Fund manager Eric S. Ende endeavors to do exactly that by adopting a judicious strategy of a company-oriented approach, scrutinizing past track records, and analyzing the businesses to confirm that the company’s past superior performance will most likely continue into the future.