In my attempt, CrazyPete, to keep my reply brief, let me just say that I believe my screening process may not, initially, uncover those companies that have the POTENTIAL to be great. But it will go a long way to finding those companies that, CURRENTLY, are exhibiting those qualities associated with an ability to make and supply above average profits and value for shareholders.
Needless to say, this is an ongoing process. What you don’t uncover today, may very well appear in several months time as new financial results become available. I certainly don’t "get married" to my stocks. Everything is always under constant review based on the quality of their numbers.
And because a company doesn’t, currently, meet my criteria, is in no way to suggest that it’s "a bad" company. It just means that, in my opinion, there are other companies that are more likely to provide a better return for my investment over the medium to longer term. Which is why my own stock portfolio tends to have far fewer stocks in it than those of others, due to my attempt to choose the "best of the bunch". |
