Posted on 10/05/08
Searching for lost treasures in the Street's trash
Picking through the trash may be frowned upon on the street where you live, but it's accepted behaviour on Bay Street.The venerable school of value investing is based on the idea of buying stocks that others are throwing out. The Dogs of the Dow theory, long touted as a safe way to buy stock market bargains, is certainly a garbage picker's strategy. Now, there's a third way to find diamonds in the stock market dross. Let's call it the SOUP strategy, for sell or underperform.
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