regarding places to find value stocks:
Fww, repeat of my comment last month regarding this: "I find these stocks in various ways. From the daily yearly high/low list, financial publications like Barron's, from a list of insider buys, from people on this thread, from fund manager quarterly reports (often published at SeekingAlpha), from a list of what fund managers are buying (e.g. Gurfocus). Only once in a while do I do a screen: Usually it's a screen for low p/b and high roe. Sometimes, p/b, low p/sales, low p/e. (which surprisingly to me, only seldom offers me candidates that I would like that I don't already know about.) Also I look for screens of net-net stocks. Also I look for sectors out of favor (e.g. shipping); and recently I began looking at sectors in high favor (which means they're not value stocks)..."
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regarding: "I couldn't really seem to find many undervalued stocks with great potential on the news despite reading through many annuals per day."
I've found reading through annuals almost always a waste of time. Part of that is because of my investment style (large number of stocks). If I were only to have 5-10 stocks in a portfolio, then maybe reading their annuals might be helpful. To find a stock for such a portfolio though, then maybe would have to read through dozens before finding one. One where you'd place 20% or 10% of your portfolio. And so it's one where it would be worthwhile spending all that time reading annuals because you'd invest 10 or 20% of your money in it. |
