5 Stocks Meeting Benjamin Graham's Enterprising Criteria In 2013 [View article]
Update:
Hallador Energy Co (HNRG) now meets Graham's Enterprising stock criteria, and Validus Holdings Ltd (VR) no longer does.
The Graham evaluation of a stock changes everyday in accordance with price and financial data changes. Please refer to the Comprehensive Screener to see the latest list of stocks meeting Graham's criteria. Link: http://bit.ly/QYCMaj
5 Stocks Meeting Benjamin Graham's Enterprising Criteria In 2013 [View article]
However PSEC has been removed from the list because it is not, in fact, an Enterprising Graham stock. A data error was causing it to wrongly satisfy the Enterprising criteria for current assets. Once the error was fixed, it no longer met all the required criteria. The other 5 stocks were not affected by the error.
5 Stocks Meeting Benjamin Graham's Enterprising Criteria In 2013 [View article]
Hello awg,
Thanks for that information.
If a company is giving better return on investment than average and paying out most of the earnings as dividends, there is nothing to stop investors from reinvesting the dividends themselves. This amounts to the same as the same company giving increased earnings.
Graham's criteria are only designed to find companies that offer superior ROI over time - whether those returns are given as dividends or increased earnings.
In fact, in most ways, returns by way of dividends are better because they put the investor in control of his profits. He gets his ROI immediately and can invest it as he wishes, instead of being dependent on the market to increase its evaluation of the stock.
5 Stocks Meeting Benjamin Graham's Enterprising Criteria In 2013 [View article]
Thank you for the information, Atkins!
Graham designed his Defensive, Enterprising and NCAV criteria based on nearly 50 years of research on hundreds of stocks. So you'l probably be proved right soon enough.
Benjamin Graham's 4 Commandments Of Defensive Dividend Investing [View article]
richjoy403,
If you're not interested in beating the market (which is actually a very sensible goal), you could simply invest in an index fund and keep up with the average market with nearly no effort.
7 Defensive Investor Quick Picks For March [View article]
Thank you, Clinton!
Serenity just got a full database and code upgrade for 2013. The screeners now check 4700 stocks for Graham's 16 criteria.
The list of fully defensive Graham stocks for 2013 was just published yesterday. http://seekingalpha.co...
Also, unlike the book values on other sources, the ones on Serenity are now calculated excluding Goodwill and other Intangibles. So Serenity's screeners are now even more selective than they were before.
10 Stocks Meeting Benjamin Graham's Defensive Criteria In 2013 [View article]
Thank you, vorgriff!
Serenity just got a full database and code upgrade for 2013. The screeners now analyze 4700 stocks - up from 4000 last year - hence the larger number of approved Graham stocks.
Benjamin Graham's Advice For This Stock Market [View article]
Nicely said, Mercury Value!
But do note that in the two "Stock Selection" chapters, he does give some very specific rules for selecting stocks - 16 in all to be exact, for 3 different grades of stocks.
Benjamin Graham's 4 Commandments Of Defensive Dividend Investing [View article]
These were Graham's guidelines for a general portfolio policy for the defensive investor when it came to common stocks. He actually listed #3 here as #1 in the book.
A little later he writes "A criterion based on adjectives is always ambiguous. Where is the dividing line for size, for prominence, and for conservatism of financial structure?"
In chapter 14 "Stock Selection for the Defensive Investor" he gives much more specific values for all the defensive criteria.
3 Large Caps Undervalued By Earnings Growth And The Graham Number [View article]
To be checked against the Graham Number, Benjamin Graham required that a stock first have uninterrupted earnings for the previous 10 years, uninterrupted dividends for the previous 20 years, and meet 4 other Defensive criteria.
AFLAC Inc fails the Liabilities and Debt criteria. Chicago Mercantile Exchange fails the Liabilities, Debt and Dividend criteria. General Motors Company fails ALL criteria other than Sales and Debt growth.
Serenity has a detailed 40-point Graham analysis for these stocks that classifies each stock into 3 different Graham grades with 3 different Graham prices.
4 Outperforming Dividend Stocks Undervalued By The Graham Number [View article]
To be checked against the Graham Number, Benjamin Graham required that a stock first have uninterrupted earnings for the previous 10 years, uninterrupted dividends for the previous 20 years, and meet 4 other Defensive criteria.
Archer-Daniels-Midland Co fails the Liabilities criteria. Intl Bancshares Corp ALL criteria other than Sales and Earnings stability. Molson Coors Brewing Co fails the Liabilities and Debt criteria. Travelers Cos Inc also fails the Liabilities and Debt criteria.
Serenity has a detailed 40-point Graham analysis for these stocks that classifies each stock into 3 different Graham grades with 3 different Graham prices.
3 S&P 500 Dividend Stocks Undervalued By The Graham Number [View article]
To be checked against the Graham Number, Benjamin Graham required that a stock first have uninterrupted earnings for the previous 10 years, uninterrupted dividends for the previous 20 years, and meet 4 other Defensive criteria.
AFLAC Inc fails the Liabilities and Debt criteria. Humana Inc fails the Liabilities and Dividend criteria. Safeway Inc fails ALL criteria other than Sales and Earnings growth.
Serenity has a detailed 40-point Graham analysis for these stocks that classifies each stock into 3 different Graham grades with 3 different Graham prices.
4 Rallying Consumer Stocks Reporting Earnings Next Week Undervalued By The Graham Number [View article]
To be checked against the Graham Number, Benjamin Graham required that a stock first have uninterrupted earnings for the previous 10 years, uninterrupted dividends for the previous 20 years, and meet 4 other Defensive criteria.
Andersons Inc fails the Liabilities, Debt and Dividend criteria. Bunge Ltd fails the Liabilities and Dividend criteria. Graphic Packaging Holding Co fails ALL criteria other than Sales. Universal Corp fails the Earnings Stability criteria.
Serenity has a detailed 40-point Graham analysis for these stocks that classifies each stock into 3 different Graham grades with 3 different Graham prices.
5 Defensive Benjamin Graham-Type Dividend Stocks [View article]
Hello mweslowski,
Please note that the debt figure here is not a measure of the debt percentage of the company. It's an evaluation of how much the stock meets Graham's debt defensive criteria.
Graham said that for a defensive stock "Long-term debt should not exceed the net current assets."
For Occidental Petroleum (All figures in Millions USD) Current assets: 11909.00 Current liabilities: 7834.00 Long term debt: 7622.00
Since the net current assets are only about half the Long term debt, the debt defensive criteria only evaluates to 53.46%
For a true defensive Graham stock, all these criteria need to meet or exceed 100%.
5 Stocks Meeting Benjamin Graham's Enterprising Criteria In 2013 [View article]
Hallador Energy Co (HNRG) now meets Graham's Enterprising stock criteria, and Validus Holdings Ltd (VR) no longer does.
The Graham evaluation of a stock changes everyday in accordance with price and financial data changes. Please refer to the Comprehensive Screener to see the latest list of stocks meeting Graham's criteria.
Link: http://bit.ly/QYCMaj
5 Stocks Meeting Benjamin Graham's Enterprising Criteria In 2013 [View article]
Thank you!
5 Stocks Meeting Benjamin Graham's Enterprising Criteria In 2013 [View article]
Thanks for that information.
If a company is giving better return on investment than average and paying out most of the earnings as dividends, there is nothing to stop investors from reinvesting the dividends themselves. This amounts to the same as the same company giving increased earnings.
Graham's criteria are only designed to find companies that offer superior ROI over time - whether those returns are given as dividends or increased earnings.
In fact, in most ways, returns by way of dividends are better because they put the investor in control of his profits. He gets his ROI immediately and can invest it as he wishes, instead of being dependent on the market to increase its evaluation of the stock.
5 Stocks Meeting Benjamin Graham's Enterprising Criteria In 2013 [View article]
Graham designed his Defensive, Enterprising and NCAV criteria based on nearly 50 years of research on hundreds of stocks. So you'l probably be proved right soon enough.
Benjamin Graham's 4 Commandments Of Defensive Dividend Investing [View article]
If you're not interested in beating the market (which is actually a very sensible goal), you could simply invest in an index fund and keep up with the average market with nearly no effort.
7 Defensive Investor Quick Picks For March [View article]
Serenity just got a full database and code upgrade for 2013.
The screeners now check 4700 stocks for Graham's 16 criteria.
The list of fully defensive Graham stocks for 2013 was just published yesterday.
http://seekingalpha.co...
Also, unlike the book values on other sources, the ones on Serenity are now calculated excluding Goodwill and other Intangibles.
So Serenity's screeners are now even more selective than they were before.
10 Stocks Meeting Benjamin Graham's Defensive Criteria In 2013 [View article]
Serenity just got a full database and code upgrade for 2013.
The screeners now analyze 4700 stocks - up from 4000 last year - hence the larger number of approved Graham stocks.
Benjamin Graham's Advice For This Stock Market [View article]
But do note that in the two "Stock Selection" chapters, he does give some very specific rules for selecting stocks - 16 in all to be exact, for 3 different grades of stocks.
If you're interested, they're summarized here - http://seekingalpha.co...
Benjamin Graham's 4 Commandments Of Defensive Dividend Investing [View article]
A little later he writes "A criterion based on adjectives is always ambiguous. Where is the dividing line for size, for prominence, and for conservatism of financial structure?"
In chapter 14 "Stock Selection for the Defensive Investor" he gives much more specific values for all the defensive criteria.
http://seekingalpha.co... has the details.
(Strategy #2)
3 Large Caps Undervalued By Earnings Growth And The Graham Number [View article]
AFLAC Inc fails the Liabilities and Debt criteria.
Chicago Mercantile Exchange fails the Liabilities, Debt and Dividend criteria.
General Motors Company fails ALL criteria other than Sales and Debt growth.
Serenity has a detailed 40-point Graham analysis for these stocks that classifies each stock into 3 different Graham grades with 3 different Graham prices.
4 Outperforming Dividend Stocks Undervalued By The Graham Number [View article]
Archer-Daniels-Midland Co fails the Liabilities criteria.
Intl Bancshares Corp ALL criteria other than Sales and Earnings stability.
Molson Coors Brewing Co fails the Liabilities and Debt criteria.
Travelers Cos Inc also fails the Liabilities and Debt criteria.
Serenity has a detailed 40-point Graham analysis for these stocks that classifies each stock into 3 different Graham grades with 3 different Graham prices.
3 S&P 500 Dividend Stocks Undervalued By The Graham Number [View article]
AFLAC Inc fails the Liabilities and Debt criteria.
Humana Inc fails the Liabilities and Dividend criteria.
Safeway Inc fails ALL criteria other than Sales and Earnings growth.
Serenity has a detailed 40-point Graham analysis for these stocks that classifies each stock into 3 different Graham grades with 3 different Graham prices.
4 Rallying Consumer Stocks Reporting Earnings Next Week Undervalued By The Graham Number [View article]
Andersons Inc fails the Liabilities, Debt and Dividend criteria.
Bunge Ltd fails the Liabilities and Dividend criteria.
Graphic Packaging Holding Co fails ALL criteria other than Sales.
Universal Corp fails the Earnings Stability criteria.
Serenity has a detailed 40-point Graham analysis for these stocks that classifies each stock into 3 different Graham grades with 3 different Graham prices.
5 Defensive Benjamin Graham-Type Dividend Stocks [View article]
Please note that the debt figure here is not a measure of the debt percentage of the company. It's an evaluation of how much the stock meets Graham's debt defensive criteria.
Graham said that for a defensive stock "Long-term debt should not exceed the net current assets."
For Occidental Petroleum (All figures in Millions USD)
Current assets: 11909.00
Current liabilities: 7834.00
Long term debt: 7622.00
Since the net current assets are only about half the Long term debt, the debt defensive criteria only evaluates to 53.46%
For a true defensive Graham stock, all these criteria need to meet or exceed 100%.
--
Serenity Stocks
6 Services Stocks Trading Near Highs Undervalued By Graham Number [View article]
Saia Inc
Sales: 102.74%
Liabilities: 52.38%
Debt: 12.06%
Earnings stability: 20.00%
Dividend record: 0.00%
Earnings growth: 35.02%
Overall Defensive: 37.03%
Graham Number / Price: 98.92%
Royal Caribbean Cruises Ltd
Sales: 113.49%
Liabilities: 13.50%
Debt: 0.00%
Earnings stability: 100.00%
Dividend record: 5.00%
Earnings growth: 72.40%
Overall Defensive: 50.73%
Graham Number / Price: 111.40%
PharMerica Corp
Sales: 106.41%
Liabilities: 100.00%
Debt: 100.00%
Earnings stability: 40.00%
Dividend record: 0.00%
Earnings growth: 100.62%
Overall Defensive: 74.51%
Graham Number / Price: 116.09%
Southwest Airlines Co
Sales: 117.72%
Liabilities: 46.81%
Debt: 0.00%
Earnings stability: 100.00%
Dividend record: 100.00%
Earnings growth: 95.63%
Overall Defensive: 76.69%
Graham Number / Price: 102.19%
Gannett Co Inc
Sales: 111.44%
Liabilities: 56.44%
Debt: 7.65%
Earnings stability: 30.00%
Dividend record: 100.00%
Earnings growth: 32.29%
Overall Defensive: 56.30%
Graham Number / Price: 104.06%
SeaCube Container Leasing Ltd
Sales: 28.25%
Liabilities: 0.00%
Debt: 0.00%
Earnings stability: 20.00%
Dividend record: 10.00%
Earnings growth: 0.00%
Overall Defensive: 9.71%
Graham Number / Price: 109.36%
In short, none of them are eligible to be checked against the Graham Number.