I must just add as small tid bit of funamentals to this thread when assessing ANY share - regardless of how good it looks. A magic number for total issues (i.e. shares issued including options) might be 'around' 500 million total class issues.
Less class issues than this gives better chance of riding the +ve wave and responding to good news. Substantially more than this and your stand to miss a wave altogether given a mediocre earnings that hasn;t reflected the class issue increase (i.e. doubled) - also responds badly to bad news.
More than 1,000 million issues (i.e. 1 billion) and your earnings per share is very much diluted. Look at LGL compared to KCN for examples - 12 month chart versus class issue; then look at AXM and GRR it's recent class issues (at or over 1 billion).
Particularly watch for SPP's where the cap raising dilutes shares issued in the region of 2:1. Income per share needs to increase the same ratio.
If you ever wonder why your superstar stock is not moving in a boom seector ennvironment, most times this is to blame. 'real' investors hate diluted earnings per share with a passion - this is the organic growth behind whatever you invest in.
Saying nothing about the shares indicated above of course, as I don;t know them, but at least start with a decent fundamental.
My 20cents is up, that's my opinion. Occurs in every sector, and not every share is created, nor treated equally.
