Shapiro Capital Management LLC

An Atlanta based investment management firm

Equity Philosophy

We direct our universe to businesses we understand and have determined to have far better than average characteristics.

Avoid High Risk Businesses: 

  • Computer hardware business - products almost immediately become obsolete
  • Airlines - an industry without control of its own destiny
  • Biotech - “unanalyzable”
  • Fads - sales provide negligible sustained enterprise value
  • Start-ups

Search for established operations which possess these desired attributes: 

  • Provide high returns on invested assets >= 20% pretax
  • Provide product or service with minimal chance of obsolescence
  • Possess franchise-like characteristics with significant barriers to entry
  • Substantial operations - Market leadership
  • Sound management with an equity interest