4 Stingy Stocks for 2005

最近看到Norman Rothery寫的一篇文章: Stingy Stocks for 2005,覺得很有意義,現摘要如下:

1.        STINGY 選股判據:

１）       須Ｓ＆Ｐ５００成份股；

２）       Debt-to-Equity ratio less than or equial to 0.5;

３）       Current-ratio of more than 2;

４）       Interest coverage of more than 2;

５）       Some cash flow form operations;

６）       Some earnings;

７）       Price to Sales ratio of less than 1.

2.        STINGY 選股結果比較

Stocks/Index	Year 2002	2003	2004
Stingy Stocks	-1.9%	38.8%	29.8%
S&P500	-22.1%	23.0%	13.4%
Outperform	20.2%	15.8%	16.4%

3.        4  STINGY STOSCKS FOR　２００５

Stocks	Share price	P/S	D/E	Current ratio	Interest coverage	Price/Cash flow	P/E	Dividends Yield
LPX	26.97	0.9	0.36	3.7	14.3	3.8	4.7	1.6%
RBK	39.05	0.62	0.31	2.4	12.4	10.7	14.0	0.8%
SNA	31.96	0.76	0.3	2.1	5.7	13.0	24.5	3.2%
NUE	52.29	0.85	0.3	2.3	50	7.1	10.5	1.0%

Data source: www.msn.com, Dec 1, 2004

4.        目前成長情況：

Symbol	Share price on Dec-1-04	Share price on June-27-05	Growth (%)
LPX	26.97	24.45	-9.34%
RBK	39.05	40.67	4.15%
SNA	31.96	33.97	6.29%
NUE	52.29	46.57	-10.94%
S&P500	1191.37	1190.69	-0.06%

Stingy portfolio’s  綜合成長率(假定四個股票各占總投資25%) 為－９.８５％，而S&P500是-0.06%.   Stingy股票目前落後標暜５００指數－９．７９％. 看來, STINGY STOCKS 今年不靈光了.