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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (13081)	9/19/2001 11:34:48 PM
From: Q.	Respond to of 78666

NEWP and NUHC trade slightly above net current assets, and appear to be solid companies. NEWP is taking a beating because 1/3 of its revenue is related to fiber. NUHC is an electronic-component distributor that is down on what appears to be pure cyclicality. These were my two picks from a net-net screen I did yesterday. Other stocks that turned up included: SYMM, which is a telecom supplier (which I'd rather avoid), and CAMT which is an Israeli maker of optical inspection equipment for printed circuit board manufacturers (my only concern about this cyclical stock is the low share price, which makes it more volatile). I bought some NEWP and NUHC today, but not too much. That's because I expect, as you do Bob, that there will be more opportunities in December, with tax loss selling. The screen that I'm using, by the way, is one that I described on this thread back in April. It has criteria involving balance sheet (fraction of net-net) and profitability in TTM. I used this screen successfully to pick some stocks April 10, which turned out to bounce back much more vigorously than did the RUT. Subsequently, the screen turned up nothing of interest until the last few days, when it finally begun turning up some decent stocks again. In other words, now is almost like April 10, in terms of the decent stocks one can find that are trading near net-net and have a history of profitability.