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Strategies & Market Trends : Value Line Investment Survey

VALU 36.75

+0.7%

Jan 8 3:59 PM EST

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From: OldAIMGuy	9/19/2006 12:12:24 PM
	Read Replies (1) of 219

Re: Value Line's "100 Highest Growth Stocks" list (page 39 in the Summary and Index section)..................... I keep track of stocks from this list along with their current "Timeliness" ranking. It is my opinion that it's a very strong list to begin and that if Value Line's Timeliness rank is viewed in a contrary fashion, it can be helpful in wringing out some value from this list. Because these stocks have done so well for so long, there tends to be a lot of following and therefore the stocks usually aren't what one would call value stocks. However, if something happens to trip the Momentum Crowd and they turn against one of these stocks, then we can see rapid price decline and the price return to more of a value orientation. This is exactly what happened to Pilgrim's Pride, PPC, during the last year. It had been listed in the top 100 growth stocks for some time. Bird flu scares caused the momentum crowd to head for the exits. Finally Value Line reduced their Timeliness rank to #5, lowest, back in January but only after the stock had fallen 40% or 50%. Yet, the P/E was quite a bit more reasonable in the $20s than it was when it had been in the $40s. It wasn't totally a value play yet, but certainly was a far better value than it had been when near its 52 week high. I started watching it when it first was dropped to #5 Timeliness and then finally bought the stock in April of this year. Here's the results since that time: I'll add to my position if the price drops to near $21 and will sell off a small amount of the inventory should the price continue above $29. There's many great ways to use Value Line. This is just one that I've found that works pretty well. Best regards, Tom

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