Continuing with our promise to introduce new stock screening ideas to you, we have put together our third turnaround screen in four weeks.
Last week we shared a screen focused on stocks that are not showing any revenue improvement but are seeing increasing gross margins. This was another screen that could potentially lead us to our favorite investing situation, turnarounds. It yielded 19 stocks, a manageable basket of stocks to dig through. We encourage you to read that and previous screening ideas at the following links.
- Getting a Little More Granular with Our Turn-around Screen Metrics [Weekly Wrap Up]
- Automated Stock Screens: Not Our Core Research Tool, But They Have Their Place [Weekly Wrap Up]
This week we are sharing another screen focused on turnarounds, but this time it might show businesses that are different from the previous ones.
This is because of the following factors we selected:
- A net income loss in the last twelve months
- Decreasing operating expenses both in the last three and twelve months
Unlike the previous two screens, this one focuses on potential cost-cutting or rightsizing efforts by the management rather than the growth of the business or new wins. The companies in the screen might be still running a loss, but insiders are trying to do something to change this.
Using Sentieo, and screening for US microcap stocks with at least $1 million in revenue and filtered out biotechs, banks and resource companies…
…the outcome yielded 55 stocks, the top 10 of which are shown below.
Interestingly, LCI was already in the previous screener last week, but otherwise, the outcome again points us to new stocks.
More screening ideas will be conveyed soon! Again, don’t forget to read the previous posts bulleted above as they will provide more insights into whow and why we include certain data in our screens
By the way, in case you missed my talk that I had with GeoInvesting contributor Arham Khan on my podcast, Avoiding the Crowd, please view it at your convenience, here. He talks about several of his favorite stocks, Alteryx, Inc. (NYSE:AYX), Boomer Holdings Inc (OOTC:BOMH), Envela Corporation (NYSE:ELA), Lifemd, Inc. (NASDAQ:LFMD), Voyager Digital Ltd (OOTC:VYGVF), and Fiverr International (NYSE:FVRR).
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