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12 Stocks Ben Graham Would Like Here [view article]
I believe the long record of dividends is about to be terminated and Augusy 08 will see no dividendOn Jul 22 12:29 AM DaveinHacken sack wrote:
> Barrett is a solid company that I bought too early. If you want to
> read why, click on my website and then search for "anatomy of a mistake". Reply
sack
12 Stocks Ben Graham Would Like Here [view article]
Barrett is a solid company that I bought too early. If you want to read why, click on my website and then search for "anatomy of a mistake". Reply12 Stocks Ben Graham Would Like Here [view article]
I agree with 1 for sure (but I am biased). I have aggressively accumulated LYTS below 10. Long record of dividend payments and increases, check it out for yourself.Thanks for the list, I will review some of the others. Reply
Smallcaps With Attractive Price-to-Book Ratios [view article]
Hi Jakester. Here are two brief ideas…1) This is a long term strategy, so the results after 9 months have little relevance (feel free to read some of the research reports linked above if you want more information).
2) The overall stock market is down significantly since the list was posted in October 2007. However, the majority of the stocks on the list have actually outperformed the S&P500 and the Russell 2000 Value, so by those benchmarks performance has been good.
Thank for your comments. Reply
Smallcaps With Attractive Price-to-Book Ratios [view article]
Performance has been horrendous as of 7/10/08. Your thoughts on why?? Reply35 Stocks That Ben Graham Would Like Here [view article]
Espey is a good one. Nice dividend too. See my piece on ESP in Seeeking Alpha - Ed Roche, Freedom Mountain Investments Reply35 Stocks That Ben Graham Would Like Here [view article]
User 164820 - I agree 100% and that's why this isn't a list of buys, rather a list of companies to research further. Perhaps I'll try to add EPS accuracy to the screener.Thanks for the feedback!
Ryan Reply
35 Stocks That Ben Graham Would Like Here [view article]
Graham, Dodd & Cottle + Roger F.Murray would add a quality of management component to these metrics, such as the ability to accurately predict and control EPS. I don't think there was much management forecasting back in their days.A company with good management systems and controls has great value to the investor. The banks failed this BIG TIME. I think their focus on "retail" banking was at the expense of the required focus on due dilligence in their investments. I think many bank managers do not understand the investment side of their business and this had led to a massive corruption of the capital markets. Reply
35 Stocks That Ben Graham Would Like Here [view article]
I would do the same, Metal27. FMD is not a good play right now, unless, of course, you like gambling. Reply35 Stocks That Ben Graham Would Like Here [view article]
I believe FMD no longer pays a dividend. With TERI's bankruptcy and the securitization market frozen, FMD has no operable business plan and no guarantor for the loans. I would stay away from FMD. Reply35 Stocks That Ben Graham Would Like Here [view article]
Many of the stocks are similar. Ben Graham advocated long term holding, so I doubt any meaningful information can be gleaned by comparing the prices. But I will keep doing this each month and it will be possible to track it through some backtracking. Reply35 Stocks That Ben Graham Would Like Here [view article]
It would interesting to know the differences since the last time you ran, or month over month changes (I guess that's mostly due to chagnes in the P). Did it pick similar companies or vastly different? Or ones that were screened and chosen as Ben Graham stokcs in the past and how well they did since. Or do you think short term vol skews this too much? Reply35 Stocks That Ben Graham Would Like Here [view article]
FXTrader -You hit the nail on the head. That's exactly right. The screener simply provides a starting point. In my opinion, anything related to banks/housing/cars/ins... should be discarded immediately due to the issues surrounding credit.
I would look for high cash, low debt companies with a moderate dividend to provide a safety net against losses. I would also be interested in any stocks that have significant global operations, as those are probably more resistant to a poor US economy than most. Reply
35 Stocks That Ben Graham Would Like Here [view article]
hi ryan, perhaps it will make sense to amend grahams criterias by adding a new one that takes into consideration the new environment in corporate finance that did not exist back then. it is stunning to see how many real or perceived "value investors" got creamed by buying into seemingly cheaply valued financial stocks only to discover that either the assets were worth much less, the liabilities way greater or the leverage so high and only short-term financed that the whole valuation assumed earlier proved inaccurate.so far i have no idea how to construct such a criterion. one might exclude banks and investment banks alltogether, of course but then one must also consider excluding some insurance companies that hold billions of yet-to-implode cdo exposure and then where does one stop? in any case it becopmes obvious that running a "graham" screen just provides a starting point that has to be followed by a closer examination of the numbers. for numbers don't lie but they might tell different stories depending how one looks at them Reply
35 Stocks That Ben Graham Would Like Here [view article]
Oh and User# - I would steer clear of FMD. It's too intertwined with the credit crunch and could very well be facing very serious problems. Reply