Obermatt’s current Top 10 List of Ireland contains only companies in the size classes medium and large, thus no XL or XXL sized stocks.
Such companies might be interesting for long-term investors, if they know the companies well. If the companies are not well known, the focus should remain on XL and XXL companies.
That’s exactly what I did. I looked at the Top 10 List of Sound Incentives in Southern Europe. These are the companies where the executive compensation system is sound, without any excesses.
Here I found Amadeus with a value rank of 87 and an even better growth rank of 90. The company operates booking systems for the airline industry. That makes sense because the Spaniards are hard-working and don’t demand high salaries, like we do in Switzerland. In addition, the company is in an attractive future market. Good deal, I am buying Amadeus.