Fenimore: Finding $1 That Can Become $2

Like most value-focused funds, Fenimore Asset Management is looking for mispriced securities, hiding under rocks and out of plain sight. However, unlike other value funds, Fenimore does not like to describe its process in the traditional way. Fenimore Asset Management’s Tom Putnam, Andrew Boord of the FAM Small Cap Fund are profiled in the April 30 issue of Value Investor Insight, where they describe their process and what they’re looking for when hunting for securities for their portfolio. Rather than adopting the traditional Benjamin Graham approach of trying to find $1 for $0.50 the team is looking for “$1 becoming…