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StockCentral :: Community
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Join in on the discussion with other like-minded investors in our community forums. Learn about the fundamental investing methodology and participate in educational workshops in the Investing forums, stay up-to-date on StockCentral news and make suggestions to the StockCentral team in Central Square, and discuss your favorite stock or recent market news in our A-Z ticker-based forums.
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Lynn Brown
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| 04/15/2007 4:55 PM |
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For those of you with so much more experience, what am I doing wrong? I selected an industry, put following criteria:
% growth EPS -= 15 minimum
% growth sales - 15 minimum
Relative value - 80 minimum and 110 maximum
Take Stock Quality Acceptable minimum
Desireable maximum
ROE - even - minimum and up maximum
PTP - even minimum and up maximum
EPS Rsquared - minimum 90
I get absolutely no companies and I tried about 20 industries.
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Doug Gerlach
Cambridge, MA
http://www.iclub.com/
President, ICLUBcentral
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| 04/15/2007 5:33 PM |
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I ran the screen without selecting any industry and only 17 companies pass your screen in total! With about 150 industry groups in total, you might have to try lots of them before you find any stocks that way. Your criteria are quite stringent, so loosening them up might find some other candidates for study within an industry.
Also, remember that growth rates relate to company size, so specifying a minimum of 15% growth will tend to produce younger, smaller companies that, in term, don't have as consistent histories as other more established companies, so your R2 requirement might not fit.
There's also some overlap in your criteria -- the Take Stock Quality rating includes elements of EPS R2 and PTP trend -- so you might try using either the TS Quality Rating OR the other quality indicators, not both together.
Also, a couple of tips. You don't need to specify maximums (or minimums) when they are at the top (or bottom) of the available ranges. In other words, when you select ROE trend at minimum of being even, you don't need to select Up as the maximum. And if you find screens that don't give you any results, try using fewer criteria or being less restrictive, building up your screens one criteria by one until you get a reasonable number of candidates.
Doug |
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Posting from ICLUBcentral world headquarters in the Harvard Square's historic College House, Cambridge, MA
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