Investing For Growth - Monday, September 09, 1996

Investing For Growth

What You'll Find Here | The IFG Approach Explained | The IFG Statistics Center

Monday, September 09, 1996

The Daily IFG Report

(FOOL GLOBAL WIRE)
by Robert Sheard (MF DowMan)
LEXINGTON, KY. (September 9): A party for stock investors today, but IFG ended up with a hangover. Quick & Reilly, RoTech Medical, Paychex, and SCI Systems were all down big today, crushing the overall portfolio's day. Nichols Research, though, was the one bright light for the day. And despite an upgrade for Hewlett-Packard by Cowen & Co., the stock barely budged.

If you follow the weekly IFG rankings, you may have noticed a peculiarity in this week's current order. Paychex fell off the top ten list because Value Line changed its industry group from Financial Services (a highly ranked industry) to Computer Software & Services (low enough not to make the IFG top ten).

This is one oddment of the IFG system I've never been completely comfortable with, that calling a company one thing rather than another (even when the company is the same yesterday as it is today) affects its status in the model rankings. And for many months when Paychex wasn't yet placed in a Value Line Industry Group, it was disqualified from making the top list, an unfortunate exclusion, too, as for several months, Paychex was making very nice gains, yet wasn't included in the IFG select ten.

These oddities are partly why I looked for an alternative IFG approach (the Relative Strength model), and ultimately, the shift towards my newest growth model (which is still in its infancy and should be treated as such).

This weekend, though, the creative minds at work in the IFG folder christened my new model with a name, which while not literary, certainly seems to have caught on. So from here on out, the model I laid out in the Fribble titled "A New Growth Model" will be called the STEPS approach or model (Sheard's Timeliness and EPS). Before you label me a shameless egotist, it wasn't my idea. I was going to call it the Bluegrass approach in honor of my new "Old Kentucky Home." But sometimes momentum applies to things besides stocks and the name was in frequent usage in the message folder before I had even become aware of it. So be it, the Fools have decided!

Transmitted: 9/9/96

The Current IFG Stocks

Coca-Cola
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:KO)") else Response.Write("(NYSE:KO)") end if %>
Quick & Reilly Group
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:BQR)") else Response.Write("(NYSE:BQR)") end if %>
Paychex
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:PAYX)") else Response.Write("(NASDAQ:PAYX)") end if %>
Nautica Enterprises
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:NAUT)") else Response.Write("(NASDAQ:NAUT)") end if %>
Mirage Resorts
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MIR)") else Response.Write("(NYSE:MIR)") end if %>
Tellabs
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %>
SCI Systems
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:SCIS)") else Response.Write("(NASDAQ:SCIS)") end if %>
Nike
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:NKE)") else Response.Write("(NYSE:NKE)") end if %>
Claire's Stores
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CLE)") else Response.Write("(NYSE:CLE)") end if %>
The Gap
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GPS)") else Response.Write("(NYSE:GPS)") end if %>

Today's IFG Numbers

INVESTING FOR GROWTH MODEL (9/9/96) Day Week Quarter Year History IFG -0.79% -0.79% -4.43% 2.31% 4062.50% DJIA 1.31% 1.31% 1.40% 12.05% 591.79% S&P 500 1.23% 1.23% -1.02% 7.77% 523.13% NASDAQ 0.82% 0.82% -3.06% 9.18% 676.05% Bought # Stock In At Now Change 7/8/95 3866 TLAB 48.00 66.00 37.50% 7/5/96 5077 SCIS 39.88 45.25 13.48% 7/5/96 4562 COMS 44.38 48.13 8.45% 4/5/96 7695 CKP 26.75 29.00 8.41% 7/5/96 6693 NRES 30.25 32.75 8.26% 7/5/96 4153 PAYX 48.75 50.25 3.08% 7/5/96 8756 MIR 23.13 23.75 2.70% 7/5/96 4394 HWP 46.06 43.88 -4.75% 7/5/96 6402 BQR 31.63 27.38 -13.44% 4/5/96 10624 ROTC 19.38 14.00 -27.74% Bought # Stock Cost Value Change 7/8/95 3866 TLAB $185,568.00 $255,156.00 $69,588.00 7/5/96 5077 SCIS $202,445.38 $229,734.25 $27,288.88 7/5/96 4562 COMS $202,438.75 $219,546.25 $17,107.50 4/5/96 7695 CKP $205,841.25 $223,155.00 $17,313.75 7/5/96 6693 NRES $202,463.25 $219,195.75 $16,732.50 7/5/96 4153 PAYX $202,458.75 $208,688.25 $6,229.50 7/5/96 8756 MIR $202,482.50 $207,955.00 $5,472.50 7/5/96 4394 HWP $202,398.63 $192,786.75 $(9,611.88) 7/5/96 6402 BQR $202,463.25 $175,254.75 $(27,208.50) 4/5/96 10624 ROTC $205,840.00 $148,736.00 $(57,104.00) CASH $1,040.78 TOTAL $2,081,248.78 Transmitted: 9/9/96

Main
Page
Fools &
Their Money
Hall of
Portfolios
Investing
Foolishly
Daily
News
Stock
Research
Foolish
Games

Copyright©1996, The Motley Fool
All Rights Reserved.
This material is for personal use only.
Republication and redissemination, including posting to news groups,
is expressly prohibited without the prior written consent of The Motley Fool, Inc.