Wednesday, May 2, 2007

watchlist explained

I thought I would give readers a little background on my watchlist, since I may refer to it from time to time...

It's pretty simple really, and I'm sure many of you keep watchlists. Mine is currently around 40 companies, that I wouldn't mind owning at a reasonable or rock bottom price. (I will explain in a later post how I select stocks that qualify for the list, and how I determine what is cheap.) These stocks, and only these stocks, are equities that I would be comfortable buying if the price and other factors are right. By 'other factors' I am referring to what I might want to own at the time given time due to: my outlook for the future, and my current diversification mix, among other things that include 'gut feeling'.

The list you see on the right panel of the blog called 'cheap stocks as per my watchlist', is a regularly updated list of stocks on my watchlist that I currently consider to be 'cheap'. Stocks may fall in and out of the list depending on earnings, trading price, and small revisions to my models. As I note at the bottom of this blog, I am not a financial advisor, nor a fortune teller.

my current watchlist:

JNJ, GE, MMM, SC, LNF, RET.A, THI, ADP, TOC, CL, PG, PEP, WAG, SBUX, MCD, SMG, LOW, HD, MFC, SLF, GWO, IGM, TROW, RY, TD, BNS, BMO, BAC, C, WFC, CNR, CP, T, FDX, FTS, TRP, and TIH.

stocks awaiting analysis: CLX, AXP

1 comment:

Trevor said...

I can't wait to see the methods you use to determine to be 'cheap'. Especially JNJ. I really like the stock and may be making a small position soon in it.