Following my coverage on Iberdrola, S.A. ( OTCPK:IBDSF ) in July, in which I reiterated a buy rating as I was very bullish on the earnings growth runway given the de-risked capex plan, this post isI 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 drawn to companies wit ...