Following my coverage on Mohawk Industries (NYSE: MHK ) in May 25, for which I maintained a hold rating due to my expectation that demand would remain weak, pricing pressure was evident, and consumer sentiment did not paint a positiveI 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 pr ...