CCHGY - Coca-Cola Hellenic Bottling Company: Revenue Growth With Margin Expansion
This article was written by Artem Gramma in collaboration with Risk Research Inc.
Introduction
We study the top one percent of US public companies in terms of ability to compound free cash flow, generate a high and consistent return on assets and operate with little or no debt. Currently, thirty-nine companies qualify. We call them the Quality Compounders.
A central premise of our methodology is that over time, quarterly free cash flow growth closely resembles the three-quarter simple moving average of the stock price. The variations from that moving average represent buy and sell opportunities