Seeking Alpha
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message|
( followers)  

The following is a list of stocks that are oversold, according to the Relative Strength, or RSI(14), indicator. All of these stocks have conservative accounting practices, according to the ratings developed by forensic accounting firm Audit Integrity.

Audit Integrity was founded in 2002 to develop risk management tools based on a statistical analysis of corporate integrity. The Accounting and Governance Risk (AGR) rating is a forensic measure of the transparency and reliability of a corporation’s financial reporting and governance practices. The closer the score is to 100, the more conservative the company's accounting practices, according to Audit Integrity.

All the companies in this list have high AGR scores above 60, i.e. more conservative and transparent accounting practices than most other firms. In addition, all of these stocks have RSI(14) values below 40.

We last wrote about this screen on October 15, 2010. On that day, the screen produced 17 companies. Since then 13 out of 17 companies mentioned in that article have outperformed the S&P 500 index (a success rate of 76.47%). The screen averaged a return of 11.07% vs. an index return of 4.83%. Click here to access a full breakdown of the screen's past performance.

RSI(14) values sourced from Finviz, AGR scores sourced from Finviz.



The list has been sorted by the AGR score, from most conservative to least conservative.

1. Equity LifeStyle Properties, Inc. (NYSE:ELS): REIT. Market cap of $1.64B. According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 97. RSI(14) at 38.32. Short float at 4.29%, which implies a short ratio of 6.35 days. The stock has gained 8.32% over the last year.

2. Boardwalk Pipeline Partners, LP (NYSE:BWP):
Oil & Gas Pipelines Industry. Market cap of $5.85B. According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 91. RSI(14) at 33.57. Short float at 0.29%, which implies a short ratio of 1.78 days. The stock has gained 13.9% over the last year.

3. Douglas Emmett Inc (NYSE:DEI): REIT. Market cap of $2.B. According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 91. RSI(14) at 38.37. Short float at 11.85%, which implies a short ratio of 9.36 days. The stock has gained 22.48% over the last year.

4. TiVo Inc. (NASDAQ:TIVO): CATV Systems Industry. Market cap of $963.46M. According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 91. RSI(14) at 32.35. Short float at 13.73%, which implies a short ratio of 5.25 days. The stock has lost -15.56% over the last year.

5. Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY): Biotechnology Industry. Market cap of $378.11M. According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 86. RSI(14) at 37.65. Short float at 9.14%, which implies a short ratio of 10.57 days. The stock has lost -45.89% over the last year.

6. Texas Pacific Land Trust (NYSE:TPL): Diversified Investments Industry. Market cap of $356.79M. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 85. RSI(14) at 36.18. Short float at 0.63%, which implies a short ratio of 2.64 days. The stock has gained 35.96% over the last year.

7. Brandywine Realty Trust (NYSE:BDN): REIT Industry. Market cap of $1.41B. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 83. RSI(14) at 33.35. Short float at 2.19%, which implies a short ratio of 1.76 days. The stock has gained 7.72% over the last year.

8. Highwoods Properties Inc. (NYSE:HIW): REIT Industry. Market cap of $2.14B. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 80. RSI(14) at 34.6. Short float at 8.8%, which implies a short ratio of 7.72 days. The stock has lost -2.35% over the last year.

9. Grand Canyon Education, Inc. (NASDAQ:LOPE): Education & Training Services Industry. Market cap of $859.72M. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 77. RSI(14) at 38.05. Short float at 11.79%, which implies a short ratio of 9.24 days. The stock has lost -2.39% over the last year.

10. Southwest Airlines Co. (NYSE:LUV): Regional Airlines Industry. Market cap of $9.6B. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 77. RSI(14) at 38.69. Short float at 2.66%, which implies a short ratio of 3.28 days. The stock has gained 25.86% over the last year.

11. Seacor Holdings Inc. (NYSE:CKH): Shipping Industry. Market cap of $2.38B. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 76. RSI(14) at 39.65. Short float at 1.52%, which implies a short ratio of 1.84 days. The stock has gained 50.94% over the last year.

12. Blyth, Inc. (NYSE:BTH): Personal Products Industry. Market cap of $305.99M. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 74. RSI(14) at 35.56. Short float at 4.37%, which implies a short ratio of 7.15 days. The stock has gained 18.63% over the last year.

13. DIRECTV (NASDAQ:DTV): CATV Systems Industry. Market cap of $34.34B. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 71. RSI(14) at 36.52. Short float at 2.97%, which implies a short ratio of 3.21 days. The stock has gained 21.78% over the last year.

14. Forrester Research Inc. (NASDAQ:FORR): Research Services Industry. Market cap of $720.9M. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 70. RSI(14) at 37.71. Short float at 1.76%, which implies a short ratio of 6.22 days. The stock has gained 25.5% over the last year.

15. Abiomed Inc. (NASDAQ:ABMD): Medical Instruments & Supplies Industry. Market cap of $356.83M. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 69. RSI(14) at 32.27. Short float at 8.27%, which implies a short ratio of 17.39 days. The stock has gained 8.02% over the last year.

16. Federal Realty Investment Trust (NYSE:FRT): REIT Industry. Market cap of $4.71B. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 69. RSI(14) at 37.88. Short float at 5.72%, which implies a short ratio of 6.83 days. The stock has gained 22.78% over the last year.

17. Cubist Pharmaceuticals Inc. (NASDAQ:CBST): Drug Manufacturer. Market cap of $1.27B. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 67. RSI(14) at 37.44. Short float at 12.76%, which implies a short ratio of 8.73 days. The stock has gained 19.18% over the last year.

18. Inergy, L.P. (NRGY): Specialty Retail Industry. Market cap of $4.61B. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 64. RSI(14) at 35.07. Short float at 0.24%, which implies a short ratio of 0.62 days. The stock has gained 18.36% over the last year.

19. Savient Pharmaceuticals, Inc. (SVNT): Biotechnology Industry. Market cap of $820.64M. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 63. RSI(14) at 31.88. Short float at 20.91%, which implies a short ratio of 3.49 days. The stock has lost -13.61% over the last year.

20. Aegean Marine Petroleum Network Inc. (NYSE:ANW): Basic Materials Wholesale Industry. Market cap of $416.81M. According to Audit Integrity, the company has Average accounting risk, with an AGR score of 60. RSI(14) at 18.26. Short float at 10.18%, which implies a short ratio of 3.65 days. The stock has lost -66.11% over the last year.


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 20 Oversold Stocks With Conservative Accounting Practices