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

To: Paul Senior who wrote (74200)	11/8/2023 10:21:31 PM
From: E_K_S	Read Replies (1) \| Respond to of 78673

Re: Alexandria (ARE) - stock selection in general ( Using the 'Competitors' sector scan) I wonder if tangible book is even useful for ARE as their facilities are built to specific specifications and may/could only be useful to that tenant. Therefore, I suspect one could make the argument that ARE's tangible BV is only valuable to other Bio-Tech and/or research companies that need that type of special (high cost) office space. For all other potential tenants, it's just over priced real estate. ----------------------------------------------------- Paul you come up w/ many different stocks in different sectors. You describe some of the metrics you use and provide a good over view on tangible BV. I always wonder then, how/what you do to scan/select new candidate 'value' stocks? Are you digging in w/ a new 'value' theme based on recent news and/or economics? I know you mention Barron's often, are you getting your ideas from newspapers/magazines and/or analysts write ups? Today I did a 'Competitor' scan looking at Medical Products which has sold off this year. I sort my list by PE and view my target company, in this case was ZBH. I notice it's rank in the list and w/ a 15x PE met my value threshold and so I started a tracking position. I recognized INMD & PAHC as two companies I have owned or currently own w/ lower PE's. I started a small tracking position in PAHC too. I sold my previous position in PAHC in early 2022 for $20/share Earnings came out today (usually I check but did not) and they had a big miss (looks like a one time charge). -16% pre-market so may get a chance to add more at a discount. INMD is one I have been building a position in and it is trading at 8.5x PE as it hits new 52 wk lows. Underwater on this one but did make some adds last week. I consider the sweet spot on the list for company's selling at 10x PE to 15x PE. Each company has it's own story so you can not blindly pick a candidate stock but does provide a good view of potential under valued companies. ----------------------------------------------------------------- This "Competitor" sector screen has uncovered several candidate companies and is something I use often especially if a sector is in a slump.