avoids - this is fun to list...
those companies who's fortunes depend on the whim of others, not on their competitiveness...
1. regulated companies, (utilities, but I own a couple)
2. medicare dependent (hospitals, some long term care)
3. political whim (opening or closing the oil tap, defense spending) but I have a little TDW.
high risk companies (I don't understand them and I'd worry about hurricanes and earthquakes.)
1. insurance
2. insurance
companies who don't make things or sell things.
1. consultants
2. staffing firms
3. investment banks
luxury items
1. jewelry & yachts
industries at risk of attack my native american tribes
1. gambling casinos
of course the regular valuation issues are assumed...
no insider selling, accounting mumbo jumbo, too many acquisitions, excessive compensation (LNCR - looked at them today), no owners equity on the balance sheet, debt, barrier to entry, industry dominated by someone who can wipe them out,...
:o)
grommit. |
