Aegis Financial Corp.

Investment Strategy

Aegis Financial employs a deep-value, contrarian investment strategy focused on identifying equities—primarily in the small-cap segment—trading at sizable discounts to intrinsic value. The investment approach is rooted in rigorous fundamental and bottom-up research to uncover market inefficiencies, particularly where company valuations deviate from their true worth. The firm emphasizes patience, long-term holding periods, and robust downside protection by purchasing companies with attractive price-to-book ratios and strong asset bases. Aegis systematically seeks to exploit equity pricing volatility driven by investor emotion, buying when sentiment is poor and selling as valuations recover, always maintaining a dispassionate, fact-driven evaluation of company fundamentals.