A meta thread consisting of a thread for each of Phil Fisher's 15 points to look for when investing in a stock, taken from his classic investment book, Common Stocks and Uncommon Profits.
This is probably my favorite investment book -- so much wisdom!
(continued)
This is probably my favorite investment book -- so much wisdom!
(continued)
Point #1: Does the company have products or services with sufficient marketpotential to make possible a sizable increase in sales for at least several years.
Point #2: Is management determined to develop products/processes that will further increase total sales when potential of current products is fully exploited?
Point #3: How effective are the company's research and development efforts in relation to its size?
Point #4: Does the company have an above-average sales organization?
Point #5: Does the company have a worthwhile profit margin?
Point #6: What is the company doing to maintain or improve profit margins?
Point #7: Does the company have outstanding labor and personnel relations?
Point #8: Does the company have outstanding executive relations?
Point #9: Does the company have depth to its management?
Point #10: How good are the company's cost analysis and accounting controls?
Point #11: Are there other aspects of the business, specific to its industry, which will help investors understand its standing wrt competition?
Point #12: Does the company have a short-range or long-range outlook in regard to profits?
Point #13: Is the company issuing too much equity (paraphrased for brevity)?
Point #14: Does management "clam up" when things don't go well? (paraphrased for brevity)
Point #15: Does the company have a management of unquestionable integrity?
