Exploring Value Investing
The vast majority of my stocks are growth picks of quality companies that provide valuable goods and services, who grow steadily over time - like Amazon.
And then have been trying to buy low and sell high some Canadian pot stocks on the side, with mixed results - we appear to be up ... today, anyways
Also, have recently started buying a couple of options, of low volatility growth stocks that tend to routinely surpass earnings expectations.
So next, was hoping to maybe try buying some value stocks, of companies who have been struggling the last while, who appear to have possibly managed to turn things around? Guess stocks of such companies may sometimes have more room to grow because the price of the stocks may have become quite cheap?
Have been looking for ways to try and find potential value stocks, and found a stock screener over at Zacks.com that helped me find some. It looks like a membership is usually needed to use the screener, but since it's been over a year since was last signed up for a free trial, was eligible to have another?
Here's what the screener looks like ...
Then used this screener:
And up popped this recommendation, for MDCO ...
With the following analyst estimates:
That graph of the company's share price last year doesn't exactly inspire confidence
But guess that's what the graph of value stocks will tend to look like, if they're buy low and sell high picks?
Maybe in addition to having the chance to possibly earn 100% gains, picking up a couple of shares of this stock may be a chance for me to work on improving my tendency to do the opposite of buying low and selling high?
One thing am not so sure about - have so far only bought stocks of companies who are already turning a profit, so have avoided companies like Tesla (TSLA). Not sure if it would be better to try to find a value stock that's already turning a profit, or maybe it doesn't matter?
Here's this company's earnings for last year:
Guess maybe tomorrow, can try to find out more about why analysts feel the company may be poised for a turnaround this year, and see if that helps?
Still feeling pretty beat, so am going to turn in now - more tomorrow