Capgemini: Signs Of Recovery Not Enough To Offset Near-Term Weakness

Group 1 - The article discusses the author's previous coverage of Capgemini, where a hold rating was recommended due to disappointing growth acceleration and weaker-than-expected demand [1] - The author emphasizes a fundamentals-based approach to value investing, focusing on companies with long-term durability and robust balance sheets rather than just low multiples [1] - The author acknowledges the risks of investing in successful companies, highlighting the importance of valuation while noting that in some cases, the development runway can diminish the immediate significance of price [1]