Warren Buffet-Conscious Investor

Value Investment
The secret, of course, is how to analyse the information once it is to hand and, if using a Buffett type approach, how to decide what to buy and when to buy it.

If you only want the bare company information, then Value Line offers a reasonably inexpensive subscription service that provides the basic data for the previous few years such as earnings per share, sales per share, profits, asset backings, debt details, profit margins and the like. This will enable you to use Buffettish methods to select companies based on the criteria that you chose.

We have recently looked at a software package and subscription service called Conscious Investor, developed by a Professor John Price, that provides in summary form the same kind of data that Value Line offers. It also comes with a suite of analytical tools that seek to reproduce several of the Buffett type tests.

The service provides company data for corporations listed on the New York, Canadian and Australian Stock Exchanges. You can choose one, two, or all of these services. The basic company data will give you, for current and previous years, such information as:

Debt to equity
Current ratio
Quick ratio
Interest cover
Return on equity
Market capitalisation
Sales per share
Predictive growth

The package enables the user to access and download the relevant data for corporations listed on those exchanges. Available data is updated on a regular basis.

The program consists of a number of inter-active analytical tools that allow you to:

Cull corporations by setting performance obstacles
Calculate an intrinsic value, based on past performance and your calculated future performance predictors
Set a price at which you are prepared to buy the stock, taking into account what growth/income returns you would like to achieve

Value Investment
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