Investinvalue.com is about Value Investing in international stocks using Benjamin Graham's Formula
Value Investing
is determining the Intrinsic value of a stock, and investing in it if the difference between this value and the stock price provides a sufficient Margin of Safety.
This site is based on Benjamin Graham 's book : The Intelligent Investor, first published in 1949. Benjamin Graham is known to be the father of Value Investing and has been the teacher of Warren Buffett at Columbia University.

Selecting value stocks with BENJAMIN GRAHAM
Buy and sell alerts

Screening world Countries with Benjamin Graham
- U.S.A.
- Canada
- U.K.
- France
- Germany
- Japan
- Hong-Kong

Screening world Indexes with Benjamin Graham
Screening world Sectors with Benjamin Graham
My list of Value Stocks

Learning Value Investing with BENJAMIN GRAHAM


Value Investing with Benjamin Graham
Benjamin Graham's Formula
Defensive vs Enterprising Investors






WHAT ARE THE BUY AND SELL ALERTS based on GRAHAM'S FORMULA ?

Every investor need to have a clear process for buying and selling stocks. The first step of this process should be determing if a company is cheap or not (using for example Graham's formula). But a cheap company from your point of view does not make a good investment : its real value has to be recognised by the market too, otherwise your stock will never appreciate.
Very often, a stock rises with a catalyst : good news, good results, new prospects... the change in the market perception will often be reflected by a change in analysts forecasts.
That's why you need to combine a cheap stock (high margin of safety over 50%) to a frank earnings revision (+5%) to get a BUY signal.

Sometimes, a stock is cheap, but earnings are revised downward (-5%) : obviously, something has changed for the stock and analysts re-consider their position ; you should then consider being cautious and exiting your position if you had bought the stock previously : this is an EXIT BUY signal.

When a stock is over-valued (margin of safety < 0%), it can be overvalued for a long time ! so you can consider selling the stock at the moment the margin becomes negative, but it could be wiser to wait untill earnings begin to be revised downard ; if so, this is a SELL SIGNAL.

BUY AND SELL ALERTS should not be taken as a recommandation : you should not rely on these alerts to make your investment decision untill you have made your own "homework" : balance sheet analysis, annual report reading...
Buy and Sell Alerts are defined this way :

BUY if :
- Margin of safety is > 50%
- Earnings revised more than 5%

STOP (exit Buy) if :
- Earnings revised more than 5%

SELL if :
- Margin of safety is < 0%
- Earnings revised more than 5%




Page Help : What is Graham's Formula ?

Here are a few examples of the latest alerts : (to see all the alerts, clik here)

 

STOCK ALERT PRICE OVER 1 YEAR WHY THIS ALERT ?
Amer Intl Group
- U.S.A.
Multi-line Insurance
STOP at : 27.4 USD
on : 7/8/2008

Last : 27.4 USD
on : 7/8/2008
Variation since alert : 0.00 %
Earnings Per Share (2008) were revised down from 2.54 to 2.39 USD (-5.91 %)
Build A Bear Wrk
- U.S.A.
Specialty Stores
STOP at : 6.4 USD
on : 7/9/2008

Last : 6.4 USD
on : 7/9/2008
Variation since alert : 0.00 %
Earnings Per Share (2008) were revised down from 0.90 to 0.82 USD (-8.89 %)
Legg Mason
- U.S.A.
Asset Management & Custody Banks
STOP at : 39.66 USD
on : 7/8/2008

Last : 39.66 USD
on : 7/8/2008
Variation since alert : 0.00 %
Earnings Per Share (2009) were revised down from 3.35 to 3.16 USD (-5.67 %)
Brunswick Corp
- U.S.A.
Leisure Products
SELL at : 10.9 USD
on : 7/1/2008

Last : 10.94 USD
on : 7/8/2008
Variation since alert : 0.37 %
Margin of safety was not OK at -67.66 % (<0%)

and

Earnings Per Share (2008) were revised down from 0.73 to 0.36 USD (-50.68 %)
ERICSSON
- U.S.A.
Communications Equipment
STOP at : 10.64 USD
on : 7/2/2008

Last : 10.7 USD
on : 7/9/2008
Variation since alert : 0.56 %
Earnings Per Share (2008) were revised down from 0.88 to 0.79 USD (-10.23 %)
Fortune Brands
- U.S.A.
Housewares & Specialties
STOP at : 54.13 USD
on : 7/1/2008

Last : 56.17 USD
on : 7/8/2008
Variation since alert : 3.77 %
Earnings Per Share (2008) were revised down from 4.80 to 4.45 USD (-7.29 %)
Legg Mason
- U.S.A.
Asset Management & Custody Banks
STOP at : 41.25 USD
on : 7/1/2008

Last : 39.66 USD
on : 7/8/2008
Variation since alert : -3.85 %
Earnings Per Share (2009) were revised down from 4.15 to 3.35 USD (-19.28 %)
Apache Corp
- U.S.A.
Oil & Gas Exploration & Production
BUY at : 132.66 USD
on : 6/25/2008

Last : 122.87 USD
on : 7/8/2008
Variation since alert : -7.38 %
Margin of safety was OK at 255.80 % (>50%)

and

Earnings Per Share (2008) were revised up from 13.41 to 14.26 USD (+6.34 %)
Carnival Corp
- U.S.A.
Hotels, Resorts & Cruise Lines
STOP at : 35.53 USD
on : 6/25/2008

Last : 34.26 USD
on : 7/8/2008
Variation since alert : -3.57 %
Earnings Per Share (2008) were revised down from 3.00 to 2.75 USD (-8.33 %)
Cincinnati Fin
- U.S.A.
Property & Casualty Insurance
STOP at : 26.41 USD
on : 6/26/2008

Last : 23.97 USD
on : 7/9/2008
Variation since alert : -9.24 %
Earnings Per Share (2008) were revised down from 2.61 to 2.14 USD (-18.01 %)