Compufest 97' Denver, Colorado
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Investment Club from Oregon
Ok , This is my take on the conference , even though it will
possibly take me a year to filter all the wealth of information
to you all.
The most outstanding speaker was Philip Keating, from Florida and a
member of computer group, he is also a CPA, has managed mutual
Funds in the past and has his own company.
Each month he does a screen of 1700 stocks in valueline screen ,
looking for financial strength,historical sales and earnings growth rate
at least 15%, and projected rates in similar range. He also looks at present pe
in relation to projected growth rate(peg ratio, should not be > 110%).
All this information can be found in BITS the magazine published by the computer group.
The list is heavly weighted with stocks from the TECHNOLOGY sector and FINANCIAL
Reducing risk and Need for Diversification
In a separate lecture he went through how one reduces risk
and the need for diversification among Industry and size company.
Important points mentioned were
- Do company research before you buy
- Look at both 10Q and 10K(both of which can be obtained from EDGAR)
- COMPLETE A STOCK SELECTION GUIDE(SSG)
Portfolio Management
A few sample portfolios were looked at to point out the mistakes of clubs, owning too many stocks in one sector
of the industry.
A cautionary note was made about the unreliability of owning and doing SSG'S on Cyclical companies
These included, Airlines, automotive transportation and furniture to mention a few.
PERT and PMT
A demonstration of these not frequently used modules of the TOOLKIT were made. Also the mechanism to set up at
least three(3) portfolios and to give them specific names.
The price , quaterly information and amount of shares owned can also be easiely updated.
Which are the industries with past and projected ,High growth rate.
This Information is published each week in Barrons and looks at all industies for the past 15 years.
As mentioned Financials and Technology are at the head of the list.
Corporate Presentations
Intel
- Can they continue at 20% growth rate?, they think so with MMX, and Pentium II, and Pentium Pro,
check out the fundamentals, they are spending what AMD is worth on R&D.
MCI/BT (Concert)- Will the merger between mci and British giant really be successful, now we hear of world com's bid.
see for yourself
GE-
Ge is not only light bulbs and appliances, What about NBC, Medical equipment(CT scan, MRI)etc.
Century Telephone (CTL)- This company has been growing earnings and sales, PE is low
and stock seems very undervalued. If you are happy with 58% debt to equity ratio , it may be a steal.
Suggestion: do your own SSG.
How to Invest Wisely by been Foolish
The keynote speaker was Randy Befumo , Editor of the Motley Fool's financial
site.Every one enjoyed his presentation especially the analysis of 3COM and US robotics merger using what he thinks are the
basic tools that a modern day investor needs. These are
- A BROWSER and
- a SPREADSHEET program like Excell to analyze data.
Computer lab Tips.
How to download ssg files from naic site?
- Go to computer services, and highlight the files you are interested in
i.e. toolkit, stb, or shared data files
To copy right click on mouse , and save ,target to
"A" drive or anywhere on "C".Don't worry you will not get a virus.
How to import data from S&P data files.
- Follow steps on 4 disc,(files of 3500 stock are compressed so you can't read it from
"A" drive. once it is saved on "C" drive, go to Explorer in Windows 95
and move the 8 folders into the "S&P" folder of "toolkit". Next time you come to open toolkit
just go to "Import data" and highlight S&P data. The files are in alphabetic order and are labeled as stock ticker symbol.
If this sounds confusing go to naic page for "simple explanation."
401K this is where you go to check out the performance of your
annuity plan,since you maybe have more money invested in mutual funds via your 401K/403b plan than in stocks.
Company Information at your fingertips
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