Security Selection

Timucuan evaluates businesses in three primary areas.  To be selected for the portfolio a company must meet the following criteria:

Skillful Management

We look for honest and talented managers with a demonstrated history of putting shareholders first.  Those able to effectively manage operations while allocating capital to best benefit shareholders are a rare find.  We aim to partner with managers who have this combined skill set.

High Quality Business

We seek to own businesses that offer a compelling value proposition to customers, and enjoy distinct and enduring advantages relative to industry competitors and would-be entrants.  High quality businesses typically share certain attributes including a limited dependence on rapid product life cycles and an ability to generate high returns on invested capital.

Discounted Price

A business that otherwise qualifies for investment will only be purchased if it is trading in the public markets at a substantial discount to our determination of its intrinsic worth.  This discount represents a margin of safety intended to protect capital from permanent loss.


200 West Forsyth Street     |     Suite 1600   │   Jacksonville, Florida 32202     |     Phone (904) 356-1739     |     Fax (904) 358-2344

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