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

To: jeffbas who wrote (3786)	4/9/1998 8:43:00 AM
From: Ron Bower	Read Replies (1) \| Respond to of 78666

I haven't had much luck finding under valued stocks with screening. I don't believe there's a math formula for finding good buys. Seems the only way I can find anything is pure hard work - looking, looking,... I scan every symbol I see mentioned on this thread and those mentioned by certain people on SI. I also 'bottom fish' because sometimes there's a company that's fallen off for the wrong reasons. Have picked up my best buys from 'biggest losers' list. I also decide what sectors will be performing well and look for good buys in the sector. I disagree with the discussion on the importance of management as I consider an evaluation of management the most critical aspect of a company. This has to be a historical evaluation, usually based on company performance, but sometimes on biography. Buying Chrysler when Ioccoca took over as an example. How does one find a St. Joe? Read the reports and company PR, do the research, then get an article in IBD or WSJ after you buy. It was a great long term investment that became a great short term. I've had this happen on 3 companies in the past year. Luck in timing. For what it's worth, Ron