Readers have suggested some additional tickers for me. Here they are:
GE, MSFT, BMY, BA, ANAT, KCLI, and DE
Beyond that, there was my country screen — cheap names in Taiwan and Korea that trade in the US?
WF SHG LPL KEP KB IMOS AUO
Then for the industry screen. Here’s the most recent list of cheap industries; I used the ones labeled “Dig Through”:
Remember, this can be used in momentum mode (red) or value mode (green). I’m using it in value mode, and it gave me a flood of tickers — remember, in this screen, Price-to-book times Price-to-next year’s earnings must be less than 10. That’s usually a pretty strict criterion, but this time it turned out 121 tickers:
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ABD ABG ACE ACGL AEG AEL AFG AGII AIG AMCP ASI AWH AWI AXA AZ BBI BBW BC BKI BWINA BWINB BWS BZ CAB CHB CINF CMRG CNA CNO CONN CPHL CRH DSITY EBF EIHI FFG FMR FNF GBE GIII GLRE GNW GT HALL HMN HSTX IHC INDM ING INT IP IPCR KGFHY KPPC LFG LGGNY LIZ LNY M MERC MGAM MHLD MIG MIGP MRH MRT MSSR MTE MW MYSZY NP NSANY NSIT NYM OB OSK OXM PAG PCCC PEUGY PL PMACA PNX PSS PTP PTRY RCL RE RNR ROCK RSC RT RUSHA RUSHB RUTH SAH SEAB SEOAY SIGI SMLC SSCC SSI SUR SWCEY SWM THG TI TRH TUES TWGP UFCS UFS UNM UPMKY USMO UTR VOXX VR WHR XL ZFSVY
Well, the quantitative ranking method will have its work cut out when I build the main spreadsheet — it will take some effort to scrub the accounting data, and come to some buy decisions, but that’s my next task.
My focus is on small banks in the Pacific Northwest. Right now my prognosis is that our economy is entering into a period where shortages and inflation will be the norm.
The banks that will survive in this environment will be the ones who can help their customers effectively utilize their resources as they navigate through the economic landmines in their efforts to achieve sustainable profitability.
For sure, a tall order.
At the top of my list is UMPQUA Holdings Corporation, UMPQ.
Take a look at ICOC for your rebalancing…seems to fit your parameters nicely. Enjoy your blog, keep up the good work.
Hi David,
This might get to you too late, but you might want to take a look at OZ Minerals, which has a Level 1 ADR traded on the pink sheets as OXFLF.PK (it is the new post-merger name of Oxiana/Zinifex … clever name, particularly for an Australian company).
The shares have cratered recently, but as close as I can tell it is trading around 4-5xEBITDA and yields 3-4%.