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An observation...

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May 31, 2007 – Comments (4)

It is getting increasingly difficult to find value-priced foreign stocks -- at least those that trade as ADRs. Did a search today on all ADRs looking for any and all that had dropped 20% (One of my best moneymaking techniques is finding 20% flushers and looking for the gems in the terlet...)

Out of some 1400 ADRs, only 99 had fallen that much or more, and most of them richly deserved it.

Just an observation. Be careful out there, y'all.

4 Comments – Post Your Own

#1) On June 01, 2007 at 10:17 AM, chk999 (99.98) wrote:

How do you find the list of ADRs and ADSes? That would be a most useful thing to dig through.

I agree that stuff looks expensive to me right now.

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#2) On June 01, 2007 at 11:33 AM, TMFBent (99.82) wrote:

Alas, I've got some expensive tools to find this info. As for what could do it free online, I'm no longer in the loop.

Sorry. 

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#3) On June 01, 2007 at 11:56 AM, FoolishChemist (97.14) wrote:

You can try searching ADR in Google finance.  It came up with 2393 companies.  There must be some overlap with companies whose names have ADR, but it'll list a bunch of them.  Yahoo finance only gives 316 companies.  Unfortunately finding the techincal info you would be looking for will take a lot of work, but it probably could be automated.

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#4) On June 01, 2007 at 3:26 PM, tomnsung (78.41) wrote:

Thanx for the heads up.   I just started a subscription to MF Global Gains  to help with foreign stock selections.  ("terlet" takes me back to Archie Bunker days).     Tom

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