Iberdrola Stock: Equity Story Has Become Much More Visible (OTCMKTS:IBDSF)

Core Viewpoint - The article emphasizes a fundamentals-based approach to value investing, highlighting the importance of long-term growth and a strong balance sheet over low multiple stocks [1]. Group 1: Investment Philosophy - The company believes that not all low multiple stocks are cheap, and it seeks firms that provide long-term durability at reasonable prices [1]. - There is a focus on companies with steady long-term growth, minimal cyclicality, and robust financial health [1]. - The article acknowledges the risks associated with investing in successful companies, particularly the potential to overpay, underscoring the significance of valuation [1]. Group 2: Market Outlook - The company remains bullish on Iberdrola, S.A., citing a de-risked capital expenditure plan as a key factor for earnings growth [1]. - The development runway for certain companies is considered vast enough that immediate price concerns may be less critical [1].