I generally run screens once a week and try to filter out companies with low PE (<15),> 12). Using this list as a starting point, I generally do a quick analysis of the balance sheet, P&L account and the financial ratios.
Companies which check out, move into the ‘further analysis’ pile. The rest landup in two further piles. One pile consists of companies which are fundamentally weak and not worth investing at any price. The other pile is of companies which are good, but not at the right valuation. I park these companies in a separate list and review this list once in a while to check if the price is within my valuation target.
Going forward, I would posting on the rejected companies so that I can refer back to these companies, to analyse if I was incorrect in rejecting these companies in the first place.
One deep value idea which I am looking at is ‘cheviot company’ In addition the following companies are on my watch list
India Nippon Electricals
EID Parry (India) Ltd.
Investment and Precision Casting
I would be posting an analysis of the above companies on my blog soon.