Timothy Mullen

It annoys me when management blames short sellers for a variety of ills and then tries to get Congress or the regulators to harass and vilify them. I long for the day when a management team, which has a well-known short seller publicly short its stock, starts its quarterly earnings call with a Q&A session [...]

Timothy Mullen

I learned early that you should never cut corners in research, even when you think you can. It's like remembering to bend your knees in tennis.

Timothy Mullen

Our strategy goes under the general category of event-driven. We're value investors looking for mispriced securities at any level of the capital structure with specific catalysts that should help trigger a narrowing of the gap between the market price and our estimate of intrinsic value. The basic idea, which has probably been best articulated by [...]

Timothy Mullen

A common opportunity for us is when two businesses which would trade on different valuation parameters if separate operate under the same roof, resulting in the whole appearing mispriced.