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Is it Time to do a Templeton?

From Investopedia:

"In 1939, with Hitler’s Germany ravaging Europe, John Templeton bought $100 of every stock trading below $1 on the New York and American stock exchanges. Templeton’s trade got him a junk pile of some 104 companies, 34 of which were bankrupt, for a total investment of roughly $10,400. Four years later he sold these stocks for more than $40,000!"

If you ran that screen today it returns about 300 stocks from a list of 2500.  

If you then sort the stocks by # of insider buys it returns the following symbols:

ADK

CFW

DRJ

END

ETM

FOH

GLA

GMO

GSB

GTF

GTN

HH

IHR

NTN

OMN

OPK

ROX

RPI

TCX

XFN

 

Some truly nauseating charts in there!  Strong caution – a lot of these funds are teeny microcaps with little volume. . .values ranging from $150 million to $5 million.

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Some of the big boys not adding a lot of value.  Data from SGAM.

 

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