Re: CIM .... data & info without much work to find it... reply to champchange
This indeed has to be short. It is late and I have worked hard and I am very tired right now. So I do hope I make sense.
I got the info truly in less than five minutes and anyone can do it. It is NOT an in depth research tool rather a quick thumb nail snapshot look to see if you want to go further. Doing this quickly weeds out obvious poor choices and saves you a lot of time and money... if you are one of those who buy now and repent later.
I simply did this... went to CIM board here at IV and clicked the Y for Yahoo and when there I clicked on the chart and looked at the data attached to it and glanced at the Five year, two year one year and three month charts.
NOTE on the left hand side the series of choices for you to look into.
I choose to look at the
Headlines... where I found the timely Motley Fool article. along with some others.
I refreshed my info with the Company Profile along with looking at their Competitors and Key Statistics.
I had formed a working opinion... albeit quick and off the cuff.... and so I wanted a little confirmation by checking out the Income Statement, Balance Sheet and a look at their Cash flow . I admit I did not spend much time studying them but just a brief look and ratios made on the margin .
For those who are use to doing their own research, this quick and convenient check list is easy to do and spots some of the glaring red flags that are warning signals worth following up as to the how, why and resolution to the problems along with some inking of a time line .... well estimates are sometime the only clue.
More often than not what you at first thought was a good idea turns sour... so few find a home in the portfolio. But still it is time well spent and avoiding the pain and suffering and ego deflation must be worth something to you. The more you do this the quicker the time needed to do it and the faster you recognize the good and bad signs. It speeds up the process to become your own expert in an industry outside your personal experience and expertise .
The next step... which I did not take... would be to look up the annual reports going back a few years, and current quarterly reports.... of your choice and later of their competitors. Sometimes I seek out research reports from financial sources like brokerage reports, and old standbys like S & P and even Value Line at times. I am not sure why I still do this since I put little store into them but every now and then you uncover something you were not aware about. There is still a lot of propaganda and hype in these reports but I am sure all of you can spot and discount it.
Once this basic work is done then you only have to keep current which is easy to do by having all the companies put you on their email list for breaking news article. This service in the past was not around and today I would think everyone would use this must have up to second news flashes. This keeps you on the same footing with the big boys in the financial community. In fact if they are off having a three martini lunch, it puts you ahead of the game. Especially useful if you are holding a stock that is very thinly traded and need to sell right away... being first out the exit door that gets magically smaller as more folks want to sell and get out is very important to save your profits or other personal body parts....<grin>
I am adding this that I forgot to do.... with industries that I need additional info I will get a trade newspaper or magazine such as for the Shipping inds. But I admit you have to be really interested in the topic or it is very very boring and tedious to do.
(1) many folks think that weak hands are retail investors with the professionals being the strong hands... but 2008=09 showed that many retail investors kept hanging on ( to their detriment ) while it was the Mutual funds and Financial gurus who panic and sold. So with that history still vivid and in mind, the general public AND the professional investment community is much quicker now to sell and ask questions later. If you add up these quick to get out when bad news hits guys over on the ownership page you get a figure a little higher than my quick estimate of 34%. more like 40 something.
(2) Using Competitors....when looking at a company I might want to invest in, I also look at the industry in which it operates. In doing this I look at some of their competitors by checking them out.... Often I have found a better investment over my original choice. Also I use their competitors stock price action to compare how my choice is working out vs its peers and industry. Then you have to dig to discover is this gain or lost is due to management or something affecting that particular industry sector. Also the competition in their reports have comments about events that affect the industry. Comparing reports for accuracy against each other is often very educational and financially rewarding.
I hope this rushed response has answered your post... In any event it will have to do... I am so tired I can hardly stay awake... so I will not.... Good Night.