ADKSX - The Adirondack Small Cap Fund

The Adirondack Small Cap Fund (ADKSX) is an owner operated, no-load mutual fund
managed by Adirondack Research and Management since its inception in April 2005.

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Here is our investment philosophy for the Adirondack Small Cap Fund (ADKSX):

At the Adirondack Small Cap Fund, we incorporate independent thinking, patience, and a strict value criteria to choose companies as investments in the Fund. We use a 'middle down investment approach’, which identifies attractive industries for investments, eventually paring down to the few companies in those industries that make attractive investments for the Fund. 

Generally, we look for certain characteristics:

Companies that are out of favor:  These are companies not followed by Wall Street or in industries that are in transition.

Companies in sectors with encouraging trends:  These may be companies where balance sheets are improving and cash flows are strengthening.

Companies with improving competitive positions: These could be companies with exciting  new products or decreased competitive pressures.

Companies that manage assets wisely: These are companies that have a history of smart acquisitions, sensible share buybacks, debt reduction, or have insiders buying shares along with us.

To access recent news about the Adirondack Small Cap Fund
(ADKSX), click here.

To access an Investor Kit for the Adirondack Small Cap Fund (ADKSX), click here.