10 February 2016
By Maynard Paton
Today I’m continuing my hunt for Watch List shares with a look at Rotork (ROR).
Here are the initial attractions that prompted this research:
* Majestic financial history: The accounts exhibit at least 45 years of rising earnings and dividends, plus lucrative operating margins and super returns on equity
* Culture of long-term, stable leadership: The company has been led by only four different bosses since its 1957 formation
* Interesting valuation: The shares have dropped 50% from their peak and the group’s sizeable exposure to the troubled oil and gas industry 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.