Agenda 10232000

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Agenda 10/23/2000

• Administrative
• Questions about last weeks presentation
• Other general questions
• Market Commentary with Josh
• Educational Series
• Researching Securities On-line
• Mutual Funds
• Questions

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Western Investment Club

• Educational Series
• Researching Securities

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Introduction

• What is the research process?
• Procedure
• Good sites, and what you will get

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Overview

• Step 1 Finding a Stock
• Step 2 Basic Research
• Step 3 Advanced Research

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Topic One Finding a Stock

• How do you choose stocks to research?
• By news
• By sector (Where do you see the )
• By screens
• By rumour
• By links from other stocks!!!

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By News

• General Business News
• www.cnnfn.com
• www.news.com (Tech focused)
• www.fool.com
• www.businessweek.com
• www.cnbc.com
• www.quicken.ca
• www.canadian-investor.com
• www.globeinvestor.com

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By Sector

• Which sector do you see growth in?
• Most sites have some kind of sector analysis
• CNBC / News
• Others
• What companies are in that sector?
• www.carlson.ca
• www.quicken.ca
• www.marketguide.com
• Finance.yahoo.com
• www.marketguide.com

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By Screens

• Screens are programs that filter stocks
• By sales growth
• By market cap
• By stock price movements, etc. etc.
• www.marketguide.com
• www.msn.com (Has prescreens)
• www.fool.com

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By Rumour

• Take all rumours with a mouthful of salt!!
• Pump and Dump
• Do your Due Diligence, and can find gems
• Finance.yahoo.com (Most hype)
• www.siliconinvestor.com (Tech oriented)
• www.ragingbull.com

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By Links

• Excellent source of information!!
• Biggest competitors
• Mostly in News Releases

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Step Two Basic Research

• What does the company do?
• Specialized / Diversified
• Outlook for market
• Basic Ratios
• P/E, etc.
• Growth rates
• News Releases
• Good or bad?
• Mostly Qualitative (Management Discussion has
  very valuable information!)

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Basic Research Sources

• www.marketguide.com
• Finance.yahoo.com
• www.wsrn.com
• www.stockwatch.com (Canadian)
• Company website (grain of salt)

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Step Three Advanced Research

• To forecast expected sales / profit / etc.
• Deeper qualitative analysis
• Company (management, strategy, etc.)
• Industry (future of, etc.)
• Hidden gems, or faults
• Hidden values (market value vs. book)
• Hidden faults (Profit-shifting, etc.)

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Step Three Advanced Research Sources

• Financial Statements, filings, etc.
• www.edgar.com (US)
• www.sedar.com (Canadian)
• Company Website (Investor Relations)
• Competitor Analysis
• Basic research on competitors
• Specific Questions
• Chatrooms are often valuable research tools
• Phone the company! (Investor Relations)

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Summary

• Step 1 Find a stock
• Screens
• Tips (Be careful)
• News / gut feel / links from Step 2
• Step 2 Basic Research
• Basic ratios
• News releases
• Worth pursuing? Competitor?
• Step 3 Advanced Research
• Full analysis
• Statements, filings
• Hidden gems? Problems?

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Where to Get More Information

• Chatrooms often contain valuable links
• Ask others!
• Search for Finance Links
• Investment Club Website