To: Paul Senior who wrote (33255 ) 1/9/2009 5:36:20 PM From: anializer Read Replies (2) | Respond to I took a look at ESIO and it meets a some portions of my ideal criteria, while earnings going forward seem to be the question mark. But I will add to my value watch list as I have done with MTW and will monitor developments. My tendency is not to chomp at the bit on anything here, and wait a bit. The bear market rally is looking more and more like its over. At the real bottom, whenever that comes I want to be prepared with lots of cash and ideas. I suspect value pickings will be huge in number at some point and irresistible. Today I let go of my TRN before my profit evaporates. The layoff's there don't appear to bode well, despite the apparent value. EME, AAON went out at small loss and gain less than a point. TSYS which is not a value stock I dumped because it had run and wasn't bought for its value. So for now I'm just focusing on my project which is to build a watch list of value stocks based on certain criteria. Project works like this. Go thru each and every stock in all my watch lists one by one. Go thru every component of the S and P 600 and the Russell 2000 as well. Examine each balance sheet, examine the earnings for 2008, the estimates for 2009, and search news for any recent developments that would be a negative impact. If the stock meets my criteria, the first of which is that it's selling at a worthy discount to net tangible asset value it gets consideration for adding to the value list. Earnings of 2008, recent quarterly earnings, and 2009 estimates should be positive or only negative by a marginal amount with potential for improvement. I then annotate each chart in the watch list with notes on book value and earnings so that ongoing dynamics of the stock price movement can be compared to the current stock price on any given day. So far I have 300 stocks in this value watch list, but once its completed, it gets a last go thru.
