No. of Recommendations: 3
Neil-"I'd also love to hear what others are doing!
"


Before analyzing a company, comes the selection process. For the purposes of this board, the selection process is a black box spitting out a random company. Ideas come from many sources. Since I have been a member of AAII since the early 1980’s, many of my selections have come from screens of their Stock Investor Pro data (when looking for growth stocks I use Piotroski F-Score, Earnings surprise >5%, CAN-SLIM, etc http://www.aaii.com/stock-screens). As a Fool One member for a couple years, many other selections for evaluation come from TMF services. In the past year, several good ideas and many good learning opportunities have come from Saul’s Discussion Board.

An early cut is made with price charts going back many years.
http://invest.kleinnet.com/bmw1/xref.html goes back 16 to 40 years depending on the stock. If a public company is less than 16 years old, it will not show up in their index. They provide a concise view of price history and compound annual growth rate.
http://stockcharts.com/h-sc/ui Their free version goes back up to 5 years, while providing many indicators for charting.
http://finviz.com/quote.ashx?t=swks&ty=c&ta=0&p=... Their free version provides a quick view of many financial parameters, but the data IMHO has not been as reliable as schwab.com for my purposes.

My basic analysis of a selected company is to use non-GAAP earnings numbers going back about five years from Schwab.com for an quick analysis of earnings growth rate and a view of earnings estimates for the next couple years without putting in a lot of time. I credit Saul and others on that board for getting me to make and use ttm reviews over many quarters to better see patterns.

Review of company 10Q filings provide more reliable official data and provide good color about the company and its business. Is it a business I understand well enough to invest in? Why is their business likely to greatly appreciate? Unfortunately, I have found some 10Q and 10K reports difficult to decipher as different companies use different jargon and locating adjustments can be tough.

If the numbers look good, then I start to look for negatives that might prevent me from buying. Seekingalpha.com provides a plethora of negative and positive opinions. If the company stumbled recently, why did they stumble, and have they taken good steps to reverse the stumble.

If the case is strong enough and I decide to buy, then buy points and later sell points often come, in part, from technical charting. I would like to improve my sell sense.

Respectfully,
Drake54
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