One important aspect of successful investing is knowing when to ‘run winners’. In our view, it’s a matter of regularly appraising a company’s performance against four basic questions. What is the outlook for the firm’s core markets? Does the business possess durable USPs, and it can to generate sustainable returns above its ‘through-cycle’ cost of capital? Are the shares reasonably valued? And finally, how good is the management team?
27 Sep 2018
When running winners makes sense
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When running winners makes sense
Vp plc (VP:LON) | 602 -45.2 (-1.2%) | Mkt Cap: 241.9m
- Published:
27 Sep 2018 -
Author:
Paul Hill -
Pages:
3
One important aspect of successful investing is knowing when to ‘run winners’. In our view, it’s a matter of regularly appraising a company’s performance against four basic questions. What is the outlook for the firm’s core markets? Does the business possess durable USPs, and it can to generate sustainable returns above its ‘through-cycle’ cost of capital? Are the shares reasonably valued? And finally, how good is the management team?