After satisfying our other criteria, we attempt to learn as much as we can about management. Whenever possible, we hold phone conversations, and in certain instances, on-site meetings with management. These are invaluable in getting a sense for the honesty and integrity of the team, as well as their commitment to enhancing shareholder value. Through these meetings we attempt to gain a better understanding of management's intelligence, operating strategy, and growth plans. We learn about areas for investment, opportunities for improvement and red flags that may produce issues down the road.

Ancora prefers to invest in companies run by management with strong industry and operational background and an ability to communicate a coherent, attractive strategy for enhancing short or long-term shareholder value.