Purpose
PIC LLC seeks to acquire exceptional businesses trading at a meaningful discount to our estimate of intrinsic value. Intrinsic value is calculated using a rigorous, conservative analysis of a business's expected long-term future cash flows.
Principals
PIC LLC focuses on identifying quality businesses with durable competitive advantages (or 'moats'). We maintain a disciplined, well-capitalized, and long-term-oriented posture to ensure we are always in a position to take advantage of compelling opportunities created during distressed market periods.
Taxation
As a member-managed Arizona Limited Liability Company (LLC), our structure provides pass-through taxation, meaning the tax burden passes directly to the Members. This structure avoids the double taxation often associated with corporate entities. Consistent with our investment philosophy, we prefer holdings that can be held indefinitely to maximize the benefit of tax deferral and reduce long-term capital gains realization.