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you know what my problem is fatcassie?

I have all these good crtiteria

ROIC - greater than 19%
debt ratio as low as possible - and preferable no bank debt
return on equity greater than 16%
margin of safety of 20%
p/nta below 1
pe around 10 or below
dividend yield more than I could get in the bank
positive cash flow,
ev/ebit - to give me a return of about 20% or higher
increasing sales and reducing recievables and inventory
high profit margin

well, I have not yet really found a company that has all this - and I like buying shares and have made some money with them. I get impatient and then ring up my broker (who I trust) and buy on his recommendation (at the moment he told me there is nothing to buy) .

I really like guiness peat group and should do a proper study of that - ron brierley seems to know what he is doing. its pe=2.6, p/nta = approx 1; its interest coverage is 1.36 ( i like to see greater than 3 - it was in one of the books i read by roth and seems conservative) but its dividend yield is 2.10%. its 130 out of the top 150 companies by capitilisation in the australian market. that's done it - I had better do a proper study of this company - i have been following it for about 2 years and it doesn't look like a fly be nighter. (and I am in a buying mode better to buy an investment than another nick nack that I have no use for - and i do so enjoy investigating companies and of course making money.)

Judy

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