As You Know
Q: I've been out of the market for a few months. I'm just now looking for some good long picks.
A:
I don't know if you've graduated from four letter word stocks which have no fair
and orderly publicly accessible continuous auction market in which to
trade, but if you have, the following is my current permissible buy list
under the complex set of rules that I use to identify VALUE stocks (not
high flier trading stocks, not day trading sto
varieties that often provide enough long term profit, to make the whole
messy process of dealing in stocks at all, worthwhile).
Sym Loc Price ERT CV T S 3Y 5Y Adiv VLpg FSt Company
KEP O 10.34 32.6% +1 3 3 25 35 0.22 1963 B++ Korea Electric ADR
CDI O 16.69 31.6% +1 5 3 40 60 nil 345 B++ CDI Corporation
PZB O 18.26 29.2% +1 3 3 40 60 0.10 1965 B++ Pittston Company
BSX O 16.03 27.6% +1 3 3 35 50 nil 200 B++ Boston Scientific Corp
NSI O 25.47 25.0% +1 4 2 45 60 1.32 1363 A+ National Service Inds
Sym is symbol. Loc(ation) simply says that I already own at least some of
every stock listed. Price is closing Feb 5, 2001. ERT is estimated (by
me) return per annum over a 3-5 year holding period. CV simply says that
the stocks involved satisfy my minimum decline rule. T is the Value Line
timeliness rating as of Jan26. S is the related safety rating. 3Y and 5Y
are the Value Line estimates of future price three and five years out.
Adiv is the annual dividend being paid on each stock. VLpg is the full
page report in the Value Line Investment Survey (available at your
friendly local library) of each stock. FSt is the Financial Strength
rating of the company according to Value Line.
And that's the sum total of what I think is BUYable at current
prices and under current market conditions, in terms of my normal trading
rules which use, for this purpose, only stocks which can be fully
researched by anyone else using publicly accessible sources.