Fire Your Stock Analyst!: Analyzing Stocks on Your Own

Chapter 3. Screening

Screening is the most efficient way to find stock candidates because you can tailor the screens to filter out undesirable stocks, permitting you to focus your research on worthwhile candidates. Screening is an art that requires some practice to get it right. When you first try a new screen, it will turn up too many or too few candidates. When you get the right number, say 20 or so, you’ll find that you don’t like most of them. Eventually you’ll devise a set of screening parameters that gives you a manageable list of candidates worth researching.

Back in the Internet heydays, you had a choice of a dozen or so powerful search programs. But at this writing, the choice has narrowed down to only four screeners worth talking about: ...