As time has passed since first publishing my book, “Choose Stocks Wisely,” in late 2013, a recurring question comes up. In fact, I’ve noted it coming up more often very recently from new purchasers of my book. I’ll express the question this way; “the screen from your book is producing almost no (to none) stocks.” I decided to share today my response to one reader over recent days because it reflects best what my thoughts are on this matter. […]
Hi friends. I hope you enjoyed a wonderful Thanksgiving season. Christmas is just around the corner. The weather has been warm and very dry in the deep south until just this past week but today is cool and very rainy, feeling more like winter and Christmas time.
Today, I’ll share a portion of a question and answer conversation I recently had with a reader of my book, “Choose Stocks Wisely.” Thor asked me: […]
Parts A and B of my Scorecard exist to determine the “quality” of the balance sheet. Parts C and D of the Scorecard use the balance sheet numbers to define a low price “if” quality has been assured in Parts A and B. Taken as a whole, the Scorecard recognizes that a low-risk situation is one where I buy into a healthy company when a share of company ownership is available at a bargain price. The absence of quality or a low price means I’m taking more risk.
As discussed in my book, I use the finviz website to screen for stocks, selecting filters in a manner that would turn up companies that could possibly meet both my quality and low-price standards. The standards are then implemented on a particular stock through the parts of my Scorecard.
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This is a continuation from last week’s post.
Vince inquired about a stock that he knew of that basically met my finviz screen but did not show up when he ran the screen. He asked, “What is your take on this?”
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On occasion, I will write a post that is especially directed to readers of my book. This is one of those posts.
My book teaches how to screen for potential stock purchase candidates from the universe of publicly traded companies and then how to analyze the stock purchase candidates further for quality and a low buying price.
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