My opinion: this is not incredibly impressive and contains somewhat conflicting statements. Understanding that consensus of analysts would generally encompass company management consensus in it means that management commentary is included however you are now relying on the analysts assessment of this factor... would be one example of why I do find favour in the steps.

However, I agree whole heartedly that “keep it simple” is the key to ensuring that equity analysts remain an integral value adder to the process of stock selection within portfolios.