Mike Kayes, CFA

@VIC: Unprecedented Value

While we have been doing selective buying also, I remain very wary that perhaps prices can still move lower near term. I do agree with the "value buyers" that long term, there are a lot of very inexpensive, yet high quality stocks. The real key is determining which of today's "quality" stocks will maintain that status. These are attributes we look for relative to industry peer groups - low debt, high cash flow, leading market share positions, innovative product flow, top notch and focused management.

Michael Kayes, CFA
President
Willingdon Wealth Management
willingdonwealth.com