Stageline Value Equity Team

The Stageline Value Equity team's core philosophy and process have not changed since 1984. It begins with a time-tested multifactor model as the initial screen to produce bias-free investment ideas. From there, rigorous fundamental research is performed on a subset of stocks to identify attractive investment opportunities with a focus on:

Neglected firm opportunities: The team finds value away from the crowd, such as investments with limited Wall Street analyst coverage and institutional ownership. They believe stocks with market caps below $1 billion are less efficiently priced.

Contrarian: The team looks for companies that other investors tend to avoid. We buy good companies with poor stock prices due to accidental or nonpermanent conditions.

Bottom-up fundamentals: The team follows a disciplined adherence to bottom-up fundamental analysis with a focus on firm cash-flow generation. They buy companies whose current stock price does not accurately reflect the true value of underlying assets, earnings, cash flow, and business franchise.

Patience: The team's horizon is three to five years. As contrarians and value investors, they like to take advantage of what other people are selling; they prefer to invest when they aren't competing with other buyers.

Portfolio management team

Garth Nisbet, CFAGarth Nisbet, CFA
Senior Portfolio Manager
33 years investment experience
Craig R. Pieringer, CFACraig R. Pieringer, CFA
Portfolio Manager
34 years industry experience
Jeff GovermanJeff Goverman
Portfolio Manager
31 years industry experience
Lake Oswego, OR

Team location

Lake Oswego, OR

Note: CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

For an accessible version of any PDF listed on this page, please follow the instructions on our accessibility commitments page or contact our ADA Comment line
at 1-877-644-7819.

© 2018 Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker/dealer and Member FINRA). Associated with WFAM is Galliard Capital Management, Inc. (an investment advisor that is not part of the WFAM trade/GIPS firm).

© 2006 - 2018 Wells Capital Management. All rights reserved.

Wells Capital Management® is a registered service mark of Wells Fargo & Company.