2009年10月4日

9 criteria to select relatively safe dividend stocks


1.Yield>=3.5%
As an alternative to 10-Year Treasury, stocks need to have at least that kind of yield.

2. Market Cap >$2 billion
Generally speaking, the bigger, the safer.

3. P/E and Forward P/E both <=20
A company must be profitable to distribute dividends. Investors don’t want to worry about dividend cuts anytime in the near future.

4. PE/Growth<3
Companies need some kind of growth.

5. Price/Sales<5
Earnings might lie, but revenue don’t. This is another way to make sure a stock is not overpriced.

6. Beta<=1
Beta measures volatility of stock performance relative to the S&P 500. The less volatile, the better.

7. 52-Week-High/Low<1.8
Similar to Beta, companies need to be less volatile than the general market. SPDRs (SPY)’s 52-week-high/low ratio is 1.8.

8. Short Ratio <5
This is a sentiment indicator that is derived by dividing the short interest by the average daily volume for a stock. If an exchange has a high short interest ratio of around five or greater, this can be taken as a bearish signal In other words, the less people short this stock, the better.

9. Debt/Operation Cash Flow (CF) <10
This ratio can vary substantially across industries. However, since we are picking “safe” companies, a company should not get over its head in debt regardless of which industry it is. The less debt, the safer the company.

如果投資人想要試看看網路上提供的一些Stock Screener卻又不知道怎麼下條件,可以試著參考這一個作者的這些設定。這些設定是該作者想要找出一些高股息又安全的股票而下的條件,整體來看還算挺有參考價值的,但是千萬別照著screener所列出來的清單去買股票,那真的會怎麼賠的都不知道,到頭來還回去怪無辜的作者。

這種下一些設定,然後用screener找出清單的作法,絕對只是挑選股票的第一步,而不是全部。投資人在拿到清單之後,應該逐一檢視每一隻股票,並且至少找出五年的財報去看看這些股票是否真的值得投資。

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