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When Willie Sutton was asked why he robbed banks, he replied "Because that's where the money's at". As the economy improves, banks will once again rise. I like RGF.
I still haven't made up my mind yet. Which one do YOU like....and why?
I like ESCA RGF and STC
RGF looks extended now - in the absence of something going on inside this company, we may be able to buy it cheaper in a couple of weeks
ESCA - is so thinly traded. If we all agreed to buy only a couple of shares, this would be all right, outwise our group could move it a couple of points easily.
I liked STC when it appeared on 1/2/2004 and 1/9 at 41.20 and 41.58 respectively.
Insurance company STC is my pick. IBD EPS rating is 97, a 3-year growth rate of 30%, ROE of 21% and SMR rating an A. PE is 6, that's even lower than CFC. Debt is a measly 1%. More funds are buying into STC each quarter, lots of institutions are buying shares and the quality of those institutions gets an IBD sponsorship rating of B.
The negative to buying this stock is its low group RS rating, but does Mr. Market really want to buy another homebuilder like WCI, another sporting goods store like ESCA or another bank like RGF. He may want to gamble on a casino like ASCA, but its debt is 376% and its earnings are increasing while its shares are decreasing. Mmm, no wonder why it gets a dismal D+ in IBD's accumulation rating.
Do not like the other three because:
ESCA- too thinly traded for me, money flo decreasing,acc/dist flat and starting down
STC-money flo decreasing,acc/dist decreasing, rsi decreasing, macd diverging
WCI- money flow decreasing,acc/dist starting down,rsi decreasing,macd diverging
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