Tim Melvin is a writer from Windermere, Fla. In addition to writing about the markets, he manages accounts for family and friends. He has written serveral articles and collaborated on several investment books. Prior to striking out on his own he spent 20 years a stockbroker, the last 15 as a Vice President of Investments with a regional firm in the Mid Atlantic area. He specializes in deep value investing as well as special situations and activist stocks, and is the author of the Junior Chamber Course on Value Investing, as well as numerous articles in various publications on the subject of value investing, the stock market and the world around us.
This intriguing model has turned up some pretty good stock ideas.
A mechanical-value system overrides the human element and buys stocks I might have avoided.
I have been looking at buying stocks that trade for less than 90% of book value and have a reasonable capital structure.
During reporting periods, you're up against two sets of tough traders.
It's probably not as much fun as touring the Wine Country, but it may be more profitable in the long run.