May 31st, 2012
Written by Mark Bern, CPA CFA
This week I actually did begin the new series of articles discussing my Master List and the selection process I use to identify quality companies I would like to own. The first article in the series, “The Dividend Investors’ Guide to Successful Investing”, includes a detailed outline of the process of filtering and eliminating companies to narrow the list down to a manageable level. It includes a discussion of each of my ten rules that I apply to rate each company that makes it through the initial screening process.
The second article in the series, “The Dividend Investors’ Guide: Part 2; The Food Processing Industry”, provides an overview of the subject industry and why I believe growth for several well-managed and properly positioned companies in the industry will be superior to that of the broader market. I also include my top pick from the industry and a list of other companies that either made my list or did not.
Part 3, “Food for Thought”, provides ratings and discussions on two more companies from the industry that made my list as well as a few others that nearly made the list. Part 4, “Food Processing Laggards”, contains my discussion of most of the other widely-held companies in the industry and the deficiencies (by my standards) of each. I also provide recommendations on valuations for many of the companies and whether investors should hold onto their respective positions if already owned.
Looking forward to the coming week I plan to continue my “Master List” series with detail analysis and explanations of why each company survived my rigorous test. This week I will provide my views on the Integrated Petroleum Industry. I hope you’ll join me and question my assessments. I always enjoy sharing and learning more from others about the companies I own or want to own. I believe the process makes us all better investors.
Investing articles by Mark Bern