Equity Quality Return (EQR) - Investment Criteria
Business Quality
- Reliable long-term cash income generation
- Sound competitive position
- Management is competent and forthright
Financial Quality
- Debt can be serviced regardless of economic conditions
- Capital is productively employed or returned to shareholders
Undervalued Share Price
- Stock price is significantly less than our appraisal of fundamental value
- High probability of achieving required absolute return
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