New stocks hitting my mechanical screens this weekend, for those that still have the stomach. It hasn't been overwhelmingly successful of late.
New to the top 30 screen: JGBO and VALU
New to the top 50 screeen: JGBO and DRWI.
JGBO looks like another ungodly cheap Chinese stock. It is hard to say whether people investing in these stocks will double their money in a few years, or whether there is some hair we don't know about. I have enough of these, so I will not be a buyer.
But per their financials they have a market cap of $97m. They have, in cash alone, $102m! They just made 50 cents per share in the past quarter. They expect operating income between $42m and $46m this year. So even without excess cash, they're trading at about a 50% earnings yield! I think I am talking myself into buying them...
Valu we all know about.It may be a bit over-rated as they paid a special dividend that isn't reflected in their financial statements yet. Then DRWI is expecting their earnings to dop in this upcoming year. That being said, they still look tempting.