Hi Steve, In response to your call for interest:
-- "I am interested in extending those studies to including 1997-2004, maybe adding a few simple new tweaks. I am a programmer so it should not be too hard. I would like to know if anyone here like to join me, to add your ideas on what to research, and contacting those people to get details on their prior studies, or finding cheap/free data sources (compustat stuff). Any suggestions/comments would be appreciated too."
I am a data architect that specializes in BI (business intelligence) and data mining. I'd love to join your project.
I recently completed a spreadsheet of 61 stocks (that had been mentioned here recently) where I pulled some simple measures from Yahoo ("2004-12-23 Price, Market Cap MM, Enterprise Value MM, Revenue MM, Cash on Hand, Free Cash MM, % Revenue Growth, Float MM, % Short Interest, % Yield
") and created a simple analytic (revenue/mkt cap) and sorted the spreadsheet.
Not surprisingly, a lot of the Pink sheet "Net-Net" stocks floated to the top and many of the usual suspects sank to the bottom (SIRI, TZOO, RIMM) but some surprises showed up.
On the long side - FRD - even after it's current rise to 11.33 this is the number one value stock on the list (I've posted about the technicals shining on this one on the 50% gains thread). This one should hit 15 without breathing hard and a rise to 25 is not out of the question, based on my spreadsheet.
But the next interesting stocks Iin order of my interest in them) were ADGO, MSHI, CLF, OSTE, AGP, TCOW, SPI, CAI, and IPAS
I like to balance my portfolio with shorts too, though right now I am 100% long. I'd like to cycle out of some of my longs soon and re-short or short some of the bottom stocks (as soon as I make sure their businesses are as bad, or as overvalued as their rankings seem to indicate) like SIRI, TZOO, RIMM, ATCO, CRXL, CTIC, MLS, SINA).
If anyone is interested in a copy of my spreadsheet, PM me with your email and I'll send you a copy. Also, If there is any other formula that people like to use to "find value", I'd be interested in hearing about it.
You all be careful out there,
Ray |
