Value inv. How to pick

[DesertCat]

Read a lot. Use a screener that can focus on your market caps of choice. Sorry, but it's tedious. Read 52 week low lists and look for companies that are there unfairly.

I like MSN's screener, and it also presents basic company data such as book value, ROE, earnings, recent financial statement summaries just a click a way. It makes it easy to look at a business and say "no thanks" and quickly move to the next one. The risk of course is, that often you find value by reading a companie's financial report and seeing something that pops out at you, a hidden asset, or rapidly improving business hidden in side other businesses, etc.

That's why Buffett reads everyones annual reports. He's got a huge database in his head of crappy businesses and interesting opportunities.

If I could focus on reading the annual reports for every microcap I probably should...