The six cheapest stocks in May
Dr Keith Anderson picks out the very cheapest stocks on the market using his Naked PE ratio. Meanwhile insiders are buying shares in Johnson Service, which was in our last list.
First, here’s the May list, straight from Dr Keith Anderson’s database:
Just in case you haven’t been following the series so far, here’s a recap:
The […]
Last word on banking
Well, maybe for a while. I’m consulting the financial journalist’s bible - Michael Brett’s How to Read the Financial Pages - on banks and rights issues - as background research for a Moneywise column on Fred “the Shred” Goodwin, the RBS chief executive who recently asked shareholders for £12bn to improve the bank’s capital ratios.
This […]
Bus company reverses into bus company
It didn’t happen in ‘On the buses‘.
I’m arranging interviews with Roy Stanley and Andrew Brian, Darwen’s (DHP) chairman and chief executive about their exciting new bus manufacturing company (yes, really - see below) - the deadline for the iBall script is tomorrow - when their PR adviser gives me a call saying, “Have you seen […]
Four reasons banks aren’t cheap enough
Weighing in on bank valuations again, here are four fundamental reasons why I ‘m not buying banks: Price, profits, cashflow, and deposits.
The long-term price earnings ratio is my preferred measure of value. I take the average of up to nine years of earnings and divide it into the current share price. Using the average of […]
Dechra – good, but not that good
Every good growth story has a price attached. Veterinary supplies and pharmaceuticals company Dechra has a good growth story, but it’s not that good.
Today’s iBall is Dechra Pharmaceuticals (DPH). I picked it because it’s mixing it with mining and farming companies near the top of the performance table*1. Its price may only have risen 20% […]
Johnston Press, Warren Buffett and the decline of the newspaper industry
The newspaper industry was once a licence to print money. It isn’t any more. But it could still be worth investing in, and it can help us discover the superior industries of today.
I’m back from two weeks in Italy, mindful of the fact that I wrote an iBall episode on Johnston Press (JPR) before I […]
SCS Upholstery: So boring I can hardly bring myself to write about it
Sofas (yawn). Barely profitable companies (double yawn). Why oh why am I writing about SCS Upholstery? Even my own best friends can’t understand it.
It’s been a real struggle this week*1. On Monday, I wrote about ten boring companies in deep trouble. Then I picked SCS Upholstery (SUY), possibly the dullest of the ten, and wrote […]
Ten boring companies in deep trouble
You’re more likely to see “Ten ballistic stocks to send your portfolio into orbit“ on the cover of the popular investment mags, but the stocks with the most potential are often boring companies, apparently in trouble. How do you find them? You could start here…
Yes boring can be ballistic too. But first, a reader’s stung […]
Is HMV in the ‘buggy whip’ business?
With the invention of cars, the buggy whips used for driving horses became redundant. With the invention of downloads, the future’s bleak for music retailers, then.
While HMV (HMV) reported higher like-for-like sales last Christmas, it was only good news relative to what had gone before. Sales have barely risen over the last two or three […]
The cheapest six shares on the market #5
Dr Keith Anderson scans the whole market for the cheapest six stocks based on their size, industry and long-term earnings power.
It’s time for Dr Keith Anderson’s quarterly selection of the cheapest six shares on the market.
I’ve explained the maths behind the selection process before*1 but, to summarise, Keith adjusts the price earnings ratio to […]
