Matt Zabloski: Fund Manager on Asset Based Investing in the Mining Sector
Delbrook’s approach is bottoms up asset based investing – that is investing in top quality assets that the market has misplaced. Delbrook has a strong technical team with a great level of experience and they focus on companies with a large gap between intrinsic value versus market value.
Matt believes that the $8 trillion of sovereign debt and negative yields will provide a good push into the precious metals sector. Delbrook looks for quality over quantity and facts rather than a good story.
Because the market in precious metals has been so driven down, even a small amount of institutional investment will cause large increases in share prices.
Shareholder activism while not yet needed, remains an option for when company direction is not going in a direction favourable to shareholders.
Talking points from this week’s interview:
• The recovery is in it’s first inning
• Shareholder activism remains an option to add value to a stock
• IDM Mining is a substantially undervalued stock
• Share dilution is still a factor to watch for many stocks
Delbrook was founded in November 2009 by Matthew Zabloski who acts as Director and President of the Firm. In this role, he has overall responsibility for the investment and trading decisions of the Fund and managed account portfolios. His experience includes various roles within the investment banking department of a major Canadian financial institution where he covered multiple industry sectors and worked on transactions of all sizes. After completing an MBA, he joined Boston based Fidelity Management and Research Company as a sector analyst and co-portfolio manager for a growth oriented investment fund. In early 2008, Mr. Zabloski leftFidelity and joined CI Investments to launch a new series of investment funds. While at CI, he managed a value focused/catalyst driven investment fund and led the overall research effort for the fund series. Mr. Zabloski has B.A. (Honors) and an MBA, both from theRichard Ivey School of Business at the University of Western Ontario. He is a Certified Investment Manager and is also registered as an Advising Representative, Dealing Representative, Ultimate Designated Person and Chief Compliance Officer with the Securities Commissions in British Columbia, Alberta, Saskatchewan and Ontario.