For opportunities that meet our investment criteria, we are most interested in companies that can be broadly defined as low-tech manufacturing or industrial service in nature. There are many industries that we will consider as well as several that we generally avoid.

Manufacturing
Sample Industries of Interest     Packaging-related products   Specialty machinery, generally with modest average unit selling prices   Defense/Aerospace products   Specialty Chemicals, Rubbers, Synthetics   Electrical components and assemblies   Niche branded products   Automobile component manufacturers   General industrial business-to-business products
Industrial Services
Sample Industries of Interest     Packaging and contract packaging companies   Maintenance, Repair, and Operations (MRO) service providers   Niche/specialty distribution companies   Specialty catalog companies   Material handling, disposition companies   Differentiated industrial service businesses
Industries Cornerstone Avoids
Business Consulting   Early stage venture deals   Restaurants/hospitality   Construction   High-tech companies   Biotech   Real estate   Retail