About Us
At Baoro Research, we focus on understanding the businesses behind a select group of publicly traded companies in the U.S. and Canada, specifically those where we have invested our own capital. We organize our investment ideas into two main categories: Long Term Value and Special Situations.
Our Long Term Value approach looks for companies trading below their intrinsic worth. We seek a meaningful margin of safety, strong protection of principal, and businesses with durable competitive advantages. The Special Situations category focuses on opportunities where we believe the probabilities are in our favor. These can include mergers, restructurings, or unique capital events that may create mispriced value.
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Our Core Principles
Value
Our investment approach is committed to the search for intrinsic value. While price reflects what you pay, value is what you ultimately receive.
Margin of Safety
We make margin of safety a core principle by investing only when the price we pay provides a meaningful discount to our estimate of intrinsic value, protecting capital against errors in judgment and unforeseen risks.
Quality
We seek high quality businesses with durable competitive advantages, strong financial characteristics, disciplined capital allocation, and the ability to compound intrinsic value over the long term.