...they are seeing very attractive value in the market. It doesn't happen to that degree very often.
I'm starting to see attractive values in the markets, not that there isn't substantial risks involved though. Over the past few years, my growth at a reasonable price (GAARP) filters have been yielding maybe 10 or 15 stocks in any given week. These are not stocks to invest in, rather being stocks to investigate. Usually, there's a major blemish somewhere, which is why the stock is bargain-priced to begin with. Over the past oh, 2 to 3 months or so, the number of stocks returned from the screens and filters has jumped into the 30 to 40 range. I haven't seen values like that since shortly before the year 2000, when everyone was in the "hot" stock of the week, and good large-cap companies were virtually ignored. Right now I'm seeing a lot of value in the mid-caps, as well as a few large-caps. Small-caps still seem to have a large number of speculators in their midst, so my guess is that small-caps is where the momo players are hiding out. The numbers of prospective stocks that have some value are growing very steady each and every week. Yes, the pigs still have blemishes, but not all of the blemishes are bad. I'm hoping that a few might really be beauty marks...
I used Value Line for over a decade as my primary stock screener.
Value Line is my primary stock tool. I also use S&P, as well as a host of other market tools for research on things such as insider sales, revenues/earnings expectations, whisper numbers, etcetera. With the exception of Value Line and the S&P reports, every other tool involves secondary considerations and sidewise glances, maybe market timing, rather than something that makes me want to buy a given stock (or not to buy, as the case may be). All that said, Value Line offers the best "guidance" for us stay-at-home investors.
EK!!! |
