Following my coverage on Iberdrola, S.A. ( OTCPK:IBDSF ) last month, in which I recommended a buy rating as I gained more confidence about the growth narrative, this post is to provide an update on my thoughts on theI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be dra ...