Godot: Short answer is it doesn't qualify. Longer answer follows:
We both own and agree that SCRa is a value stock. But there have not been three people who've posted here this year that they've bought the stock this year. Therefore it doesn't qualify for the list.
background:
I set up the three-people pick as a result of a cursory study (in '98 or '99) I did of people's picks here and their stocks' subsequent performance. Given that value picks take some time to work out - like maybe years - I recorded the picks mentioned in each year so I could track performance in subsequent years. The study showed that if three people posted here that they bought a stock, that stock did turn out to be a winner. Which makes some sense to me: I've learned that value players are different as to what and how they perceive value. So if three people, coming at it from three different perspectives, agree that a particular stock is a value stock, that stock is perhaps indeed very much a value stock. Additionally, I point out that for all the stocks mentioned on this thread, and for all the people here (lurkers, regulars, occasionals), there are relatively few stocks in a year that three people here will say they ponied up their money for.
I believe the three-person list is good as a conversation topic or thought provoker. Imo though, the three-person pick idea isn't working so well now as an assured signaller of which stocks to buy. Last year, for example, we had some picks that went bankrupt or near bankrupt (phoney accounting, non-existent sales, crooked managers - all very difficult to detect). And the first two picks this year too have just been disasters. (MIR and ELN).
Paul Senior |
