Investment Philosophy

What Makes Boyar Research Unique?

Original & Independent thinking without a "coverage list."

Our analysts are focused on providing our subscribers with timely investment ideas rather than maintenance research from a defined "coverage list." This enables us to feature opportunities such as spinoffs or topical issues that may not receive attention from traditional Wall Street research.

Our interests are aligned with our clients

We are a subscription-based service and do not rely on investment banking or trading revenue. This allows us (unlike many of our competitors) to take an unbiased and long-term approach. We believe this better aligns our interests with those of our clients.

The amount of independent and traditional sell side research is dramatically shrinking. We believe this creates more opportunities for us to identify companies that are underfollowed or misunderstood by Wall Street. This could be due to complexity (e.g. Howard Hughes), size (Callaway Golf), or lack of potential investment banking revenue (e.g. Watsco). Our independence also allows us to take incisive and often controversial positions on out of favor companies or industries such as in our annual thematic issue.

We are New Idea Generators

We have made a concerted effort to bring more new ideas to our subscribers. By way of example, below is a list of all the new ideas (presented by market cap at the time of publication) we have generated for our subscribers from 2012 through our April 2017 edition of Asset Analysis Focus.

Large Cap

($10 billion+)

Small/Mid Cap

($500 million-$9.9 billion)

Micro Cap

(sub $500 million)2

The Allstate Corporation Axalta Coating Systems Ltd. Absolute Software Corporation
American Express Company Brinker International Inc. A.T. Cross Company
Anthem Inc. CDK Global, Inc. Core-Mark Holding Company, Inc.
Aon plc Colfax Corporation Crown Crafts, Inc.
Bed Bath and Beyond Inc. Conduent, Inc. Dice Holdings, Inc.
Cerner Corporation Crocs, Inc. Douglas Dynamics, Inc.
The Charles Schwab Corporation Crown Media Holdings Inc.3 Kirkland’s Inc.
Cigna Corporation Davide Campari-Milano Lydall, Inc.
Coach, Inc. Dole Food Comany, Inc. Martha Stewart Living Omnimedia
Constellation Brands, Inc. Eastman Kodak Company Pope Resources TheStreet Inc.
Devon Energy Corporation Energizer Holdings, Inc. XO Group Inc.
DirecTV GNC Holdings, Inc. -
Dover Corporation Graham Holdings Company -
Dupont and Company Griffon Corporation3 -
eBay Inc. HealthSouth Corporation -
Harley-Davidson, Inc. Hexcel Corporation -
Liberty Global Howard Hughes Corporation -
Loews Corporation La Quinta Holdings Inc. -
PayPal Holdings, Inc. Legg Mason, Inc. -
SLM Corporation Liberty Braves Group -
Target Corporation Liberty Broadband Corporation -
Tiffany & Co. Lionsgate Entertainment Corp. -
Tyco International, LTD Live Nation Entertainment, Inc. -
Vivendi S.A. Liquidity Services Inc. -
Vulcan Materials Company Manitowoc Foodservice Inc. -
Wells Fargo & Company MRC Global Inc. -
- MSG Networks Inc. -
- News Corporation -
- Oaktree Capital Group, LLC -
- Post Holdings Inc. -
- Realogy Holding Corp. -
- SeaWorld Entertainment, Inc. -
- Starz -
- Staples Inc. -
- TRW Automotive Holdings Corp. -
- United Online, Inc.3 -
- Whistler Blackcomb Holdings Inc. -
- W.R. Berkley Corporation -
- Xylem Inc. -

1 Past performance is no guarantee of future results.

2 The micro cap names (with the exception of Douglas Dynamics and Core-Mark Holding Company, Inc.) were included in Boyar’s Micro Cap Focus, a separate service offered by Boyar’s Intrinsic Value Research LLC.

3 Crown Media Holdings, United Online, Inc. and Griffon Corporation were featured in Boyar’s Micro Cap Focus.