Advent Capital Balanced Strategy Update
BALANCED STRATEGY
Credit Analysis
$800
$700
$600
$500
$400
$300
$200
$100
$0
-$100
-$200
-$300
12/11 Y
Analyze Free Cash Flow to identify companies with stable-to-improving trends
12/12 Y
Jarden (JAH)
Cash from Operations ☐Capex
Ill
12/13 Y
INVEST
12/14 Y
12/15 Y
$80
$60
$40
$20
$0
-$20
-$40
-$60
-$80
-$100
12/11 Y
ADVENT
CAPITAL MANAGEMENT, LLC
Jakks Pacific (JAKK)
Cash from Operations Capex
12/12 Y
12/13 Y
AVOID
T
12/14 Y
12/15 Y
Source: Bloomberg. This information is shown to exemplify Advent's research and analysis process only. The analysis is based on industry sources that we believe to be accurate. Advent makes
no representation, however, as to the accuracy of this information. This is not a recommendation to buy or sell any specific security. The holdings identified do not represent all of the securities
purchased, sold, or recommended and past performance does not guarantee future results.
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