Every now and then, and purely for fun (yes - I find this kind of thing, fun) one of the things I'll do is look to see if there are any NCA Value stocks about. I have a look, then forget about it (I know - strange idea of fun).
When I first hopped on the forum a couple years back I happened to be looking at a few Graham type "screens" - again, for fun. I do still check in from time to time to see if there are any NCA Value stocks, but don't bother looking at Graham's "enterprising" or "defensive" methods.
I was just having a look yesterday and thought; it wouldn't hurt to have a thread for it. At least that way, whenever I do have a look I can put it in here and if I ever want to check in a year or three later to see how they went, I can. Besides, I know there are a few scattered here and there that like such things.
I'm not going to go into an explanation here...those interested will most likely already know...but if you're interested and don't know what I'm talking about...here is a quick summary page for you.
I check a couple other Graham type screens (every now and then) and may or may not put them in here.
I don't invest directly using the "Ben Graham" formulas. But given that he was around so long ago...and his stuff worked and continued to work (and continues to work) is impressive to me. Respect. He didn't have the computing power we have today, either.
As this is my thread; here are the "rules" (or at least, "requests") for comments...please.
Please keep comments relevant to what is posted. You can talk about the NCAV approach (good points, bad points, definition of, improvements etc). But please keep the comments away from, "hey, how about you test this instead?" This is a thread for NCAV stocks on ASX or other exchanges if you like. Comments to the thread should align with that approach. It doesn't matter if you invest this way, you just have to (like me) be interested. Start another thread if you want to bag out fundamental analysis (which I don't do), value investing, or try and tell me that you're a true Ben Graham fan and he was not a "quant" (he was).
I would especially like to see comments along the lines of analysis of the stocks mentioned, according to your insights or criteria. Why? For fun! That's the only motive.
My own approach is boring - the 3 letter names of stocks are just like numbers the computer has crunched out to me. So, even though I don't do it myself, I sometimes enjoy seeing a good / deeper analysis of a company.
You're also welcome to post any NCAV stocks that you find (ASX or elsewhere). I don't look at this all the time at all, so I'm bound to not get many of them. Try and make sure it is an NCAV stock though, to the best of your ability.
When I mention a stock, I'm going to make the ticker a link to the relevant ASF thread for that stock. Just 'cos I think that's a cool thing to do. Hopefully I remember.
I don't mind being alone in this thread, but hope not.
Sorry for the section on ground rules...I don't mean to post like that...I've just seen other threads taking turns for the worse due to people not respecting the original post. I always try and take note of the original post when commenting in a thread.