I am sorry to see Lee stop posting his mid-cap benchmarks. He truly did an amazing job for 8 years here at this site.While I cannot do what Lee did, I will do my best to post quarterly updates for benchmark stocks from the S&P 100. I personally continue to use benchmark investing and have found it to be very rewarding.If you are patient and wait for the hugely undervalued companies and conduct your own due diligence, you can be handsomely rewarded. In a post TTD study dating back to the 1950s, we found the optimal strategy was to invest only in those companies trading 20% or more below their downside price target. The second best strategy was: below DPT and above 10% estimated earnings growth. Below are the 10 names I gave to Jamie Gritton at backtest.org on December 31, 2009:SENT TO JAMIE GRITTON AT BACKTEST.ORG Top 10 Undervalued Benchmark Picks Today's 12/31/2009 on 12/31/2009 Company Price Price Change DividendCL Colgate $83.95 $82.15 2.19% 2.52%NYX Euronext $28.03 $25.30 10.79% 4.28%TWX Time Warner $29.65 $29.14 1.75% 2.87%MDT Medtronic $45.00 $43.98 2.32% 1.82%WMT Wal-Mart $53.88 $53.45 0.80% 2.02%DELL Dell $13.56 $14.36 -5.57% 0.00%PEP Pepsi $64.37 $60.80 5.87% 2.80%ABT Abbott Labs $54.06 $53.99 0.13% 3.25%ALL Allstate $31.91 $30.04 6.23% 2.51%BAX Baxter Intl. $58.77 $58.68 0.15% 1.97%Average 2.47% 2.40%SPX S&P 500 1118.71 1115.10 0.32% The top 5 free cash flow to capital companies were:BACATIBMJNJMSFTHope that helps.
dowbuys:Thank you for doing this. I was doing very well with using the Benchmarking stocks. I posted several times my results. I really hated to see Lee stop posting but I understood. I appreciate your doing this. I will have to review this information and decide hou I can best take advantage of the new information.Dusty
Thanks Ken. I agree, Lee did a fantastic job. Tom
Hi Lee,Just got accepted to the Board and was intrigued by some of your comments above. Are these referencing Ken Lee and Benchmark Investing.I had some success using Mr. Lee's system back in the late 90's and early 2000.I'm considering picking up the strategy again and wondered if you knew of any sources for recent info, results or websites involving Mr. Lee or any of the folks who've used the approach.I was particularly interested to know how it performed from 9-'07 through 3-'09 if you know.Warmest regards,Tom
Hi all,Just got accepted to the Board and was intrigued by some of the recent comments regarding Benchmark Investing.I had some success using Ken Lee's system back in the late 90's and early 2000's.I'm picking up the strategy again and wondered if any of you knew of sources for recent info, results or websites involving Mr. Lee or any of the folks who've used the approach.Also, with technology advancing quite a bit since 2000, perhaps you know of stock screeners etc. that could make the calculating a bit less labor intensive.I was particularly interested to know how the system performed from 9-'07 through 3-'09 if you know.Please advise in and around your no doubt busy schedules.Much obliged.Tom Wise
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