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Stock
Selection Guide Tutorial
Learning Stock Analysis |
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We have updated
the online tutorial originally
by Doug Gerlach that will help you understand SIG's analysis. |
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Note:
The following is used with the permission of the original
author.
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Sources of Data
Note:
The following has been updated from the original text
to include new data sources.
The first step in any stock analysis is to acquire the necessary data. Fortunately,
there are many sources of data for fundamental analysis, offline and online,
as well as for stock selection software.
Software Data files
The availability of data sources have greatly improved since this tutorial
was originally written. The following data sources are very affordable
and provide instant access via an internet connection.
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StockCentral
- StockCentral has
developed an excellent user community with online SSG data files, community
forums, stock screening, and an online version of Take Stock. They
offer a free three month trial (no credit card required) and a $39
per year subscription. The Stock Investment Guide from
Churr Software can directly import StockCentral data.
Better Investing Stock Data Service
Better Investing (NAIC)
offers online SSG data files. Individual memberships cost $6.95 per month
or $79 per year. Your first 30 days are free when you enroll with a credit
card payment. Membership include the Better Investing magazine that can
also be subscribed separately. The Stock
Investment Guide from Churr Software can directly import Better
Investing data.
Canadian Shareowners
Canadian Shareowners offers
online data of 6000 Canadian and US stocks for $229 Canadian. The also
offer a magazine and analysis software. The Stock Investment Guide from
Churr Software can import Canadian Shareowner data files once downloaded.
Fundamental Data
- The availability of fundamental data on the Internet
has improved greatly. However, these web sites do not have as much
data as StockCentral or Better Investing data subscriptions. The Stock
Investment Guide has the ability to import a data set from
these free sources, though users should verify the data when using
SIG in this mode.
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- Google Finance - Six
years of financial statements, five quarters of financial results,
and industry comparisons.
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- MSN MoneyCentral - Ten
years of financial statements, five quarters of financial
results, and industry comparisons.
Yahoo Finance - Three years of financial statements, 3 quarters of
financial results, competitors, and other data.
Morningstar - Ten years of financial statements, four quarters of
financial results, and key ratios.
Reuters - Five years of financial statements, five quarters of financial
results, and key ratios.
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- Many companies conveniently provide a ten-year
financial summary in their annual reports.
These summaries will often (but unfortunately
not often enough) include all the data
necessary to complete an SSG.
Earnings.com provides
news of earnings, splits, dividends, conference
presentation, and quarterly reports. They have
a free service where users can listen to a company's
quarterly conference call that can provide vital
insights to an investor.
-
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Public
Register's Annual Report Service distributes
reports for thousands of publicly-traded
companies, which can be ordered online.
Public Register also has a service
that provide printed
annual reports for free.
-
Hoover's
Company
Reports
- Hoover's
Company
Profiles on
over 10,000
companies
are available
for $9.95/month
on the
World Wide
Web (however,
shorter
company
profiles
are free.)
Hoover's
publishes
a number
of company
directories
that include
historical
data, so
check your
local library.
Hoover's
reports
are also
available
on CompuServe and America
OnLine.
-
Moody's
Handbook
of Common
Stocks
- Moody's
Investors
Service publishes
a quarterly
directory
of over
1,600 common
stocks,
with ten
years of
financial
data. Many
public
libraries
carry various
Moody's
publications.
For more
information,
contact
Moody's
Investors
Service,
99 Church
Street,
New York,
N.Y. 10007;
(212) 553-0547.
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NAIC
Green Sheets
- Corporate
Members
of the National
Association
of Investors
Corporation
(NAIC)
provide the financial
data required
to complete
an SSG
in the form
of Investor's
Information
Reports
distributed free of charge
to NAIC
individual or club members.
Nicknamed "green
sheets" because
of the
color of
the paper
on which
they were
once printed,
these reports
are available
a small
selection
of companies,
and include
a corporate
profile,
price history
and trading
volume
charts,
balance
sheet and
cash flow
items,
a completed
SSG and
recent
quarterly
data for
sales,
pre-tax
profit
margins,
earnings
and dividends.
A listing
of corporate partners are available in the Members
area of
the Better
Investing web site.
-
The
Red Chip
Review
- The
Red Chip
Review is
a research
survey
that
covers
small
cap stocks
and other
stocks
in the
Pacific
Northwest.
Full
subscriptions
are $199,
but some
data
can be
viewed
for free.
-
Standard & Poor's
Stock Reports
- S&P
Stock Reports
are two-page
reports
published periodically
on over
4,300 companies.
The reports
include
all the data
necessary
for the
Stock Selection
Guide.
Subscriptions for individuals
may be
prohibitively expensive,
but S&P
Reports
can be
found in
many local
libraries
or you
can download
individual
reports
from your
online
broker.
S&P
Stock
Reports
can
be purchased
online
from Standard & Poor's
Equity
Investor's
Service.
-
-
Value
Line
Investment
Survey
- The Value
Line
Investment
Survey follows
1,700
stocks,
updating
each
company
on
a
quarterly
basis
in
a
full-page
format
that
provides
complete
information
about
a
company's
history
and
current
status,
and
its
potential
growth
over
the
next
five
years.
Value
Line
is
available
by
subscription
for
$538
per
year
(online
version)
or
$598
per
year
(call
800/634-3583
for
more
information).
You
may
also
find
Value
Line
at
your
local
library,
or
your
broker
may
provide
copies
of
reports
for
companies
in
which
you
are
interested.
An "Expanded
Edition" provides
data
(but
no
analysis)
of
an
additional
3,500
companies.
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*
This site not affiliated with the National Association of Investors
Corporation (“NAIC”) in any way,
nor does NAIC sponsor or endorse this web site or any of the products or
services offered herein.
The author founded a successful investment club and has been a member of NAIC
since 1990.
Stock Investment Guide, SIG, Portfolio Analysis
Review, Comparison Analysis Review,
CAR, and PAR are trademarks of Churr Software.
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2015 Churr Software | A Taylor
Media, LLC Website
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