20 January 2016
By Maynard Paton
Today I’m continuing my hunt for Watch List shares with a look at Renishaw (RSW).
Here are the initial attractions that prompted this research:
* Respectable track record: The accounts showcase a long-term record of growth, and are bolstered by high margins and net cash
* Seasoned management: The company founders remain in charge today and continue to boast substantial shareholdings
* Interesting valuation: The shares have dropped 40% from their peak and sizeable exposure to China could lead to further short-term weakness
As usual, I’m applying a question-and-answer template to help me pinpoint companies that match the criteria set out in How I Invest. I’m looking for as many Yes answers as possible.
