By Michael Kaye, CFA One theme we try to emphasize in this column is consistency -- the ability of a company to achieve solid performance over the long term. While past performance is no guarantee of future results, it can be useful to examine corporations' track records to get an indication of the overall direction of their business.
Performance can be measured in many different ways. This week, we thought we'd try to find a list of names with favorable long-term track records in three key measures of the health of a business:
Return on equity percentage
Earnings per share
Net profit margins
Our requirements were fairly simple. We looked in our database for those issues that have seen growth in those metrics in each of the last five years. When we ran the numbers, these 14 names emerged:
Built for the Long Haul?
Coventry Health Care
Monro Muffler Brake
Kaye is an analyst for Standard & Poor's Portfolio Advisors