If you Screen, They will come
I was fooling around with the stock screener on Reuters and came up w/ the following criteria:
Price to Book < Price to Free Cash Flow
-- Idea being that good companies generate a bunch of cash relative to their worth
Long Term Growth > P/E Ratio
-- Basically PEG < 1
ROE > 20%
-- Nothing more than to weed out sloppy practices
Analyst Recommendations < 2
-- Analysts are recommending the stock
Screening can be a really fun way to do research, but in the end you will find stocks that fit all of your criteria and totally suck. Its only a way to start the research process and make your research time much more efficient. On to the results....
52 stocks total - 19 of which are oil services / energy related - Wow (HP, HERO, DO, SLB, ...). But enough on that sector. There are some interesting stocks that came up that I don't know much about. Of the remaining 33, six of them seem to have really nice potential. I've listed them below (w/ CAPS rating):
OSK(*****) - Makes specialty trucks like garbage, fire engines, military, etc. I like this one - I like it a lot.
MED(*) - Smaller than nutrisystem (which came up on the screen), could be a hit - kind of a long shot
ACLI(**) - River transportation services, pretty interesting
TXI(***) - This looks really nice - aggregates and concrete. I've had huge success with MLM and VMC (up over 30% since August). FRK has been getting a bunch of good press lately as well, but I don't see it as buy, yet.
OXPS(*****) - Internet stock trading vehicle. Supposedly it is the bomb with rave reviews.
URGI(*****) - Big women need clothes too! Like my NWY play, I love women's clothes as an investment.
Let me know if one of these strikes your fancy. I'll be doing some intensive research on many of them.