Legg Mason Value Trust
Legg Mason Capital Management, Inc.
Adhering firmly to a value-driven, research-intensive investment process, Legg Mason Capital Management (LMCM) focuses its research on assessing intrinsic business value at each company and strives to buy stocks at significant discounts to what the research indicates the businesses are worth. The firm assesses a company's intrinsic value by employing a multi-factor quantitative valuation methodology combined with rigorous business analysis, concentrating on a company's ability to generate excess cash flow, earn high returns on capital and allocate capital efficiently. Through each stage of the investment process, discipline is employed to help reduce long-term risk in each portfolio. By adhering to a consistent, value-driven process, LMCM strives to outperform its benchmarks over the long term.
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