Paul Espinosa describes four company attributes that guide the Value team’s search for “Gems”: ROE-COE spread, resilience across the company life cycle, global validation, and a valuation consistent with the minimum rate of return. The search for Gems is also examined in a commentary on the Value team's stock selection process.
- Paul Espinosa, Portfolio Manager
We look for companies that deliver a high return on capital with quality management, purchased at a price that is consistent with an attractive future rate of investment return.
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