Forbes, Page 90, of the March 28th, 2005 edition has an article under their Money and Investing section.
"Bottom-Fishing Value Line Stocks"
For patient investors" stocks with lowest Timeliness Rankings from the venerated investment survey.
In there it says, "Paradoxically, the Value Line ranking system is also useful for the polar opposites of momentum players, namely, contrarian investors. They go for out-of-favor stocks, often with recent earnings disappointments, on the theory that these will eventually make a recovery and reward patient holders."
Well, that and the fact that the stocks of the PIC list are chosen from the previous 10 years' 100 highest growth stocks is just how the list was derived. The hypothetical portfolio of PIC stocks is currently showing a $350,000 investment being worth $531,600. While there's still a couple of stinkers in the group, most are nicely profitable.
Best regards, Tom
Port Washington, WI 53074
