1. Screen a limited universe of stocks to find companies which initially meet our criteria for:

  • P/E Multiple
  • Projected 12-month Earnings
  • Price/Cash Flow Multiple
  • Price/Book Multiple
  • Dividend Yield
  • Generally at no more than 20% above 52-week Low
  • Debt Quality of at least investment grade

2. Once a research universe of selected stocks is established

  • Examine each company on a stock-by-stock basis
  • Using Bottom Up Approach:
    • Price/Earnings Multiples
    • Asset Growth Rates (Inflation Adjusted)