Frontier’s investment philosophy is based on the belief that active, fundamental research adds value to the investment process. Cornerstones to this philosophy include the belief that over time stock prices tend to follow earnings progress and that stocks must be purchased and owned at reasonable valuations. Portfolios are constructed on a bottom-up basis, one stock at a time.
Frontier's philosophy is followed throughout the firm and across all strategies. Differences occur due to capitalization and style, rather than overall philosophy.
P/E Ratios—Buy stocks cheap relative to their "earnings power"