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PI,
I wouldn't call RVR junk <G>. Granted this is a more speculative stock
then I usually recommend, but if you have been following my recommendations
you would know that I'm intentionally moving my portfolio towards a larger
exposure to small cap stocks. Also, this is a replacement for a small cap
stock I was stopped out of last week.
As you said, RVR's earnings have been a little under the estimates the
last two quarters ($0.62 instead of $0.65 in Oct and $-0.69 instead of $-.65
in Jan 97). Despite that, Zacks has them rated as a Strong Buy with an
estimated 40% earnings growth over the next twelve months.
I pay more attention to technical analysis then I do fundamental analysis
for my final decisions. However, I do perform fundamental screens as the
first step in my investment methodology to find candidate stocks. Over the
years, I've found that Price to Sales Ratio, Debt/Equity, % Insider Ownership,
and Earnings Growth work the best for me. RVR looks exceptionally good on
Price/Sales, Insider Ownership, and Earnings Growth. I'd like Debt/Equity to
be a little lower but 2.47 isn't bad for their industry. RVR's chart speaks
for itself.
I've been wrong before and will be wrong again, but I am going to open a
position in RVR Monday. Of course I'll have a mental stop at 4 1/4 in case I
am wrong. Time will tell.
If you want another pick, you will have to wait until next week <VBG>.
Jim
-----Original Message-----
From: Private Investor
Sent: Saturday, July 05, 1997 8:45 PM
To: Metastock List
Subject: Re: Weekly Pick
| From: Jim Greening <JimGinVA@xxxxxxx>
| To: Metastock List <MetaStock-List@xxxxxxxxxxxxx>
| Subject: Weekly Pick
| Date: Friday, July 04, 1997 2:53 PM
| The fundamentals are encouraging with a
| , and over 400% earnings growth last year.
Jim,
this is very interesting what are you doing.As from the simple Turbo
problem we had here, completely out of the Jupiter, I realize that there
are different ways to look at things, as many as many people are here. I
looked at fundamentals of RVR and this is what I do not like:
1. Last two q's negative earnings suprises !
2. 5 year growth -2%, negative !
3. Last year earnigs growth was as you noted 467%, but from 0.03 to 0.17,
not much, also q ending APR is always
negative !
I do not buy that junk. Any other opinions, projections ?
Pi=3.14
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