A GARP investing approach based on identifying companies with long-term prospects in their early stages before they become "glamour" stocks. Price looked for these characteristics in growth companies: At least a 10% return on invested capital Sustained high profit margins Superior growth of earnings per share. He also looked for: Superior research to develop products and markets. A lack of cutthroat competition. A comparative immunity from government regulation. Low total labor costs, but well-paid employees. To learn more about this strategy please click here »
Growth investor and founder of T. Rowe Price Associates, a firm which has subsequently grown to manage assets of over $300 billion
Money Masters of Our Time
by John Train
Rowe Price died in 1983 and did not summarise his thinking in a book but there is an excellent summary of his thinking in John Train's "Money Masters".
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|Timeframe||Screen Returns||FTSE 100||Outperformance|
|Average No. of Holdings||16.4|
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