01 Nov 2016 Olstein Capital Management: Approaching Investments from an Owner’s Perspective ( Portfolio ) Eric R. Heyman discusses Olstein Capital Management, L.P. and the Olstein Strategic Opportunities Fund. Mr. Heyman is a value investor, and he looks for solid small and midsize businesses that have been unfairly punished by short-term factors. By analyzing a company’s financial statements, Mr. Heyman gains insights into the business and its challenges. It also allows him to assess if a company can successfully close the valuation gap within 18 to 24 months. Rather than focus on growth and earnings, Mr. Heyman looks at a business from an owner’s perspective and focuses on free cash flow, which he considers to be the lifeblood of a company...