• Stable earnings growth in the last 20 years (correlation
at least 0.8 out of 1.0) • Yearly earnings growth in the last 5 years
at least 5 percent on average • Stable
dividend growth in the past (correlation
at least 0.9 out of 1.0) • Yearly
dividend growth in the last 5 years
at least 5 percent on average • No decreasing
dividends for
at least 10 years • Positive
outlook for the earnings of the next business year
Market prices in OPMI markets seem to be set by market participants focused on short - run
outlooks and trying to pick market bottoms; technical chartist considerations; predictions about stock market movements over the near term; general stock market predictions
at the expense of company analysis; emphasis on earnings per share, cash flow and
dividends to the exclusion of balance sheet considerations, especially creditworthiness.