Market Commentary
2009 will without a doubt go down in the history of stock markets and economics as a year to remember. For EVP it was the best year in terms of absolute performance since we began managing European equities in 1998. Though it has hardly been possible for anybody to miss the events... MORE > |
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Featured Perspective
Earning power is the single most important factor in our valuation of a company and the key focus of our analysis process. The purpose of our analysis is to arrive at a figure that represents the distributable cash flow that the owners of the business can extract while leaving the operation of the business intact. Only companies that generate more cash than they consume add shareholder value over time. MORE > |
