Missouri Valley Partners believes that stocks purchased at the most reasonable price relative to future earnings and cash flow provide the best opportunity for future appreciation with the least amount of risk. MVP believes internally generated research is the best source of unbiased industry and company fundamentals. The firm seeks the best relative values within emerging growth industries and also seeks out the best values in specialized segments of more mature industries.

Missouri Valley Partners investment process is driven by internal research generated by its industry specialized analysts. The initial universe from which its analysts make stock selections consists of small cap stocks from $100 million to $1.5 billion in size. The nine analysts provide detailed fundamental analysis on approximately 400 companies. Each analyst has direct contact with the companies and also seeks information from their customers, suppliers and competitors.

Using a bottom-up stock selection process, stocks are analyzed to seek the highest total return based upon the analysts' projected earnings over the next one-year and three-year periods. These earnings projections, together with an analysis of the current versus the historical relative price/earnings multiple, are the basis of MVP's relative value ranking process. Stocks are ranked by decile (1-10) and stocks ranking in the top 4 deciles are considered buy candidates. Stocks that fall into the lower 4 deciles due to criteria such as negative change in the analyst's outlook for the company, price objective is met, or negative earnings surprise, are considered sale candidates. Some of the other factors that could cause a sale include a change in management, financial condition, or industry deterioration. Based on MVP's internal ranking process, analysts recommend buy and sell ideas to the firm's small cap portfolio management team. Once an agreement is reached among the small cap co-portfolio managers and research analyst to buy or sell a security, the stock is purchased or sold from all small cap discretionary portfolios.