Small Cap Value Investing Articles
Outperformance and 10 Changes for the Model Shadow Stock Portfolio
July 2026 by John Bajkowski
The model portfolio’s quarterly review results in five deletions and five additions.
July 2026 by John Bajkowski
The model portfolio’s quarterly review results in five deletions and five additions.
Stock Market Winners: Nine Rules to Identify the Next Outperformers
May 2026 by John Bajkowski
Examining promising stocks that rose to “super-stock” status reveals shared traits that can be used for screening.
May 2026 by John Bajkowski
Examining promising stocks that rose to “super-stock” status reveals shared traits that can be used for screening.
New Shadow Stock Addition and January Barometer Insights
April 2026 by John Bajkowski
The model portfolio’s quarterly review results in one deletion and one addition. Plus, a look at how performance differs from large caps for individual years.
April 2026 by John Bajkowski
The model portfolio’s quarterly review results in one deletion and one addition. Plus, a look at how performance differs from large caps for individual years.
Broadening Market Participation Benefits Model Shadow Stock Portfolio
January 2026 by John Bajkowski
Market rotation into smaller stocks and value stocks is reflected in the performance of the Model Shadow Stock Portfolio.
January 2026 by John Bajkowski
Market rotation into smaller stocks and value stocks is reflected in the performance of the Model Shadow Stock Portfolio.
Inside the Wanger Revised Screen’s 2025 Outperformance
January 2026 by John Bajkowski, Omar Beirat
To better understand the Wagner Revised screen's outperformance in 2025, it is useful to look beyond headline returns and examine the characteristics and stocks that drove results.
January 2026 by John Bajkowski, Omar Beirat
To better understand the Wagner Revised screen's outperformance in 2025, it is useful to look beyond headline returns and examine the characteristics and stocks that drove results.
Investing for Life on the Smoother Path
November 2025 by Chris Pedersen
The power of using a 50/50 combination of a target-date fund and U.S. small-cap value over 40 years of saving for retirement.
November 2025 by Chris Pedersen
The power of using a 50/50 combination of a target-date fund and U.S. small-cap value over 40 years of saving for retirement.
Some Investors Expecting Sunnier Skies for Small Caps
October 2025 by Charles Rotblut
Is it time for small-cap stocks to finally have their moment back in the sun?
October 2025 by Charles Rotblut
Is it time for small-cap stocks to finally have their moment back in the sun?
Steady Going: No Changes to Model Shadow Stock Portfolio
October 2025 by John Bajkowski
After the quarterly review of the Model Shadow Stock Portfolio, no stocks were removed or added.
October 2025 by John Bajkowski
After the quarterly review of the Model Shadow Stock Portfolio, no stocks were removed or added.
Releasing Five Makes Room for Four in the Model Shadow Stock Portfolio
July 2025 by John Bajkowski
After the quarterly review of the Model Shadow Stock Portfolio, five stocks were removed and four stocks were added.
July 2025 by John Bajkowski
After the quarterly review of the Model Shadow Stock Portfolio, five stocks were removed and four stocks were added.
Supercharge Your Portfolio With a Nontraditional Index Fund
July 2025 by Paul Merriman
The payoff of a custom index approach that takes advantage of academic research can be substantial.
July 2025 by Paul Merriman
The payoff of a custom index approach that takes advantage of academic research can be substantial.
Replacing the Outdoors With Oil in the Model Shadow Stock Portfolio
April 2025 by John Bajkowski
Quarterly changes, plus a look at how the portfolio performed during the best and worst months over its history.
April 2025 by John Bajkowski
Quarterly changes, plus a look at how the portfolio performed during the best and worst months over its history.
Trading Electronics for Homes in the Model Shadow Stock Portfolio
January 2025 by John Bajkowski
After the quarterly review of the Model Shadow Stock Portfolio, two stocks were removed and one stock was added.
January 2025 by John Bajkowski
After the quarterly review of the Model Shadow Stock Portfolio, two stocks were removed and one stock was added.
Fall Changes Bring Satellites and Salons
October 2024 by John Bajkowski
Two deletions allow for two additions in the holdings of the Model Shadow Stock Portfolio during its quarterly review.
October 2024 by John Bajkowski
Two deletions allow for two additions in the holdings of the Model Shadow Stock Portfolio during its quarterly review.
Summer Portfolio Refresher: Swapping Five Shadow Stocks
July 2024 by John Bajkowski
After conducting the quarterly review of the Model Shadow Stock Portfolio, there are five deletions and five additions.
July 2024 by John Bajkowski
After conducting the quarterly review of the Model Shadow Stock Portfolio, there are five deletions and five additions.
Five Key Markers Pointing to Successful Stock Investing
April 2024 by Charles Rotblut
Certain factors put institutional investors at a disadvantage to a disciplined individual investor who follows a consistent, well-defined approach to investing.
April 2024 by Charles Rotblut
Certain factors put institutional investors at a disadvantage to a disciplined individual investor who follows a consistent, well-defined approach to investing.
Quarterly Review Prompts Getting out of RVs and Drilling Into Oil & Gas
April 2024 by John Bajkowski
Deleting a model portfolio holding for negative earnings clears the way to add an energy company.
April 2024 by John Bajkowski
Deleting a model portfolio holding for negative earnings clears the way to add an energy company.
Gaining Small-Cap Exposure Via Mutual Funds and ETFs
March 2024 by Cynthia McLaughlin
How small-cap mutual funds and ETFs can add diversification to your domestic stock investments.
March 2024 by Cynthia McLaughlin
How small-cap mutual funds and ETFs can add diversification to your domestic stock investments.
Negative Earnings Prompts Turnover in Model Shadow Stock Portfolio
October 2023 by John Bajkowski
The three stocks removed for negative earnings are replaced by two additions.
October 2023 by John Bajkowski
The three stocks removed for negative earnings are replaced by two additions.
Small-Cap Value Is the Best Choice for Equity Diversification
October 2023 by Paul Merriman
Any long-term portfolio anchored by the S&P 500 can benefit from the addition of small-cap value stocks.
October 2023 by Paul Merriman
Any long-term portfolio anchored by the S&P 500 can benefit from the addition of small-cap value stocks.
First-Quarter Earnings Prompt Change in Model Shadow Stock Portfolio
July 2023 by John Bajkowski
During the quarter, five holdings reported losses great enough to push their trailing 12-month earnings into negative territory.
July 2023 by John Bajkowski
During the quarter, five holdings reported losses great enough to push their trailing 12-month earnings into negative territory.
How Shadow Stock Metrics Have Evolved Over Time
May 2023 by Charles Rotblut
AAII's Model Shadow Stock Portfolio is based on data showing an advantage to investing in small and deep-value stocks.
May 2023 by Charles Rotblut
AAII's Model Shadow Stock Portfolio is based on data showing an advantage to investing in small and deep-value stocks.
Does January Portend a Good Year for the Model Shadow Stock Portfolio?
April 2023 by John Bajkowski
A look at what happens to portfolio performance by acting on the January Barometer.
April 2023 by John Bajkowski
A look at what happens to portfolio performance by acting on the January Barometer.
2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year
January 2023 by Matt Markowski
The year 2022 was a rough year in terms of absolute returns but a good year in terms of relative performance for the strategies that AAII tracks.
January 2023 by Matt Markowski
The year 2022 was a rough year in terms of absolute returns but a good year in terms of relative performance for the strategies that AAII tracks.
Influx of New Blood for Model Shadow Stock Portfolio
January 2023 by John Bajkowski
After removing four stocks during the quarterly review, six new stocks were added.
January 2023 by John Bajkowski
After removing four stocks during the quarterly review, six new stocks were added.
Pains and Gains From Small-Cap Value Stocks
September 2022 by Paul Merriman
Combining small-cap value and the S&P 500 can provide higher returns and a less painful ride over the long term.
September 2022 by Paul Merriman
Combining small-cap value and the S&P 500 can provide higher returns and a less painful ride over the long term.
Adhering to Shadow Stock Portfolio Rules Is Vital in Shaky Times
July 2022 by John Bajkowski
Small-cap returns have been greater than that of large caps over the long term, but there are often streaks of outperformance followed by underperformance.
July 2022 by John Bajkowski
Small-cap returns have been greater than that of large caps over the long term, but there are often streaks of outperformance followed by underperformance.
Model Shadow Stock Portfolio Review Brings Changes to Rules and Holdings
April 2022 by John Bajkowski
The first-quarter review resulted in changes to the price-to-book and market-cap maximums. Plus, four holdings met the sell rules, making way for three new additions.
April 2022 by John Bajkowski
The first-quarter review resulted in changes to the price-to-book and market-cap maximums. Plus, four holdings met the sell rules, making way for three new additions.
Small-Cap Stocks Still Cheap on a Relative Basis
April 2022 by AAII Staff
Comparing the price-to-book ratio of the stocks in a small-cap index to that of a large-cap index gives a visual sense of the current relative valuation between large and small stocks.
April 2022 by AAII Staff
Comparing the price-to-book ratio of the stocks in a small-cap index to that of a large-cap index gives a visual sense of the current relative valuation between large and small stocks.
O’Shaughnessy’s Winning Small Cap Growth & Value Screen
March 2022 by John Bajkowski
An in-depth look at 2021’s top-performing AAII stock screening approach.
March 2022 by John Bajkowski
An in-depth look at 2021’s top-performing AAII stock screening approach.
2021 Review of AAII Stock Screens: Small-Cap Value Stocks Aren't Dead Yet
January 2022 by Derek J. Hageman
The year 2021 was generally a positive one for quantitative stock screening, with the O’Shaughnessy Small Cap Growth & Value screen coming out on top.
January 2022 by Derek J. Hageman
The year 2021 was generally a positive one for quantitative stock screening, with the O’Shaughnessy Small Cap Growth & Value screen coming out on top.
Small-Cap ETFs Showing Strong & Consistent Relative Performance
September 2021 by Matthew Bajkowski
This month’s ETF First Cut seeks domestic small-cap stock exchange-traded funds (ETFs) that have performed well compared to their peers over the last five years.
September 2021 by Matthew Bajkowski
This month’s ETF First Cut seeks domestic small-cap stock exchange-traded funds (ETFs) that have performed well compared to their peers over the last five years.
Small-Cap Funds Showing Strong & Consistent Relative Performance
September 2021 by Matthew Bajkowski
This month’s Mutual Fund First Cut seeks domestic small-cap stock funds that have performed well compared to their peers over the last five years.
September 2021 by Matthew Bajkowski
This month’s Mutual Fund First Cut seeks domestic small-cap stock funds that have performed well compared to their peers over the last five years.
The Pandemic Effect on Shadow Stocks: Strong Year-Over-Year Growth
September 2021 by John Bajkowski
Gains in revenues and earnings per share are dramatic when comparing 2021’s second quarter to that of 2020.
September 2021 by John Bajkowski
Gains in revenues and earnings per share are dramatic when comparing 2021’s second quarter to that of 2020.
Model Shadow Stock Portfolio Recovers Faster Than Market
May 2021 by John Bajkowski
Strong recent performance lifted the portfolio out of its bear market run that stretched for two and one-third years.
May 2021 by John Bajkowski
Strong recent performance lifted the portfolio out of its bear market run that stretched for two and one-third years.
The Model Shadow Stock Portfolio’s Turnover and Holding Periods
September 2020 by John Bajkowski
Turnover in the Model Shadow Stock Portfolio was highest during the challenging year of 2007 and may increase later this year.
September 2020 by John Bajkowski
Turnover in the Model Shadow Stock Portfolio was highest during the challenging year of 2007 and may increase later this year.
Model Shadow Stock Portfolio Chooses From Small Pool of Qualifying Stocks
July 2020 by John Bajkowski
A rising stock market combined with more companies reporting negative quarterly and trailing 12-month earnings during the latest earnings reporting cycle resulted in a dramatic decline in qualifying companies.
July 2020 by John Bajkowski
A rising stock market combined with more companies reporting negative quarterly and trailing 12-month earnings during the latest earnings reporting cycle resulted in a dramatic decline in qualifying companies.
Price-to-Book Valuations Currently Favor Shadow Stocks
May 2020 by John Bajkowski
An enlightening look at the price-to-book relationship between large- and small-company stocks over time.
May 2020 by John Bajkowski
An enlightening look at the price-to-book relationship between large- and small-company stocks over time.
A Look at the Drawdowns and Rewards for Shadow Stocks
April 2020 by Wayne A. Thorp, John Bajkowski
The Model Shadow Stock Portfolio has more frequent bear cycles than the S&P 500, but the down periods have generally been shorter in duration and the bull reversals stronger.
April 2020 by Wayne A. Thorp, John Bajkowski
The Model Shadow Stock Portfolio has more frequent bear cycles than the S&P 500, but the down periods have generally been shorter in duration and the bull reversals stronger.
Monthly Return Patterns for the Shadow Stock Portfolio
January 2020 by John Bajkowski
A look at the strongest and weakest months for the Model Shadow Stock Portfolio over its 27-year history.
January 2020 by John Bajkowski
A look at the strongest and weakest months for the Model Shadow Stock Portfolio over its 27-year history.
Risk-Off Environment Leads to More Shadow Stock Candidates
October 2019 by John Bajkowski
After conducting the quarterly review, two stocks were removed from the portfolio, freeing up funds for the purchase of three new holdings.
October 2019 by John Bajkowski
After conducting the quarterly review, two stocks were removed from the portfolio, freeing up funds for the purchase of three new holdings.
May’s Volatility Leads to More Choices for Shadow Stock Portfolio
July 2019 by John Bajkowski
After conducting the quarterly review of the Model Shadow Stock Portfolio in early June, two stocks were removed from the portfolio and one new stock was purchased.
July 2019 by John Bajkowski
After conducting the quarterly review of the Model Shadow Stock Portfolio in early June, two stocks were removed from the portfolio and one new stock was purchased.
Looking Back on the Pattern of Shadow Stock Sells
May 2019 by Wayne A. Thorp, John Bajkowski
The portfolio management rules have been constructed to encourage winning stocks to accumulate, while weaker companies are sold.
May 2019 by Wayne A. Thorp, John Bajkowski
The portfolio management rules have been constructed to encourage winning stocks to accumulate, while weaker companies are sold.
The Impact of Winter’s Volatility on the Shadow Stock’s Rules
April 2019 by John Bajkowski
Volatile market conditions in December and January caused fluctuations in the market-cap breakpoint used to identify Shadow Stocks, but not enough to warrant altering it. Plus, two stocks were sold from the portfolio.
April 2019 by John Bajkowski
Volatile market conditions in December and January caused fluctuations in the market-cap breakpoint used to identify Shadow Stocks, but not enough to warrant altering it. Plus, two stocks were sold from the portfolio.
The Model Shadow Stock Portfolio’s Drawdowns and Rewards
January 2019 by Wayne A. Thorp, John Bajkowski
While the portfolio has had more frequent corrections and bear market cycles than the S&P 500, its down periods have generally been shorter in duration and its bull market reversals stronger.
January 2019 by Wayne A. Thorp, John Bajkowski
While the portfolio has had more frequent corrections and bear market cycles than the S&P 500, its down periods have generally been shorter in duration and its bull market reversals stronger.
Model Shadow Stock Portfolio: Why Quarterly Reviews Still Make Sense
October 2018 by John Bajkowski
The higher costs associated with the purchase and sale of less actively traded stocks make it more profitable to transact less frequently.
October 2018 by John Bajkowski
The higher costs associated with the purchase and sale of less actively traded stocks make it more profitable to transact less frequently.
Examining the Shadow Stock Value and Size Factors
September 2018 by John Bajkowski
Our model portfolio is one of the oldest real-money examples of how the value and size premiums can be combined into a single strategy.
September 2018 by John Bajkowski
Our model portfolio is one of the oldest real-money examples of how the value and size premiums can be combined into a single strategy.
Following the Model Shadow Stock Portfolio
July 2018 by AAII Staff
Instructions on how to use the Shadow Stock strategy in your own portfolio.
July 2018 by AAII Staff
Instructions on how to use the Shadow Stock strategy in your own portfolio.
The Model Shadow Stock Portfolio’s Origins and Newest Stock
July 2018 by Wayne A. Thorp, John Bajkowski
The Shadow Stock strategy was designed to identify small, neglected and underpriced stocks. Its rules have evolved as research has highlighted additional promising techniques.
July 2018 by Wayne A. Thorp, John Bajkowski
The Shadow Stock strategy was designed to identify small, neglected and underpriced stocks. Its rules have evolved as research has highlighted additional promising techniques.
Model Shadow Stock Portfolio: Staying Invested All 12 Months
May 2018 by John Bajkowski
Staying invested in all 12 months of the year is important since missing the best single month dramatically lowers returns.
May 2018 by John Bajkowski
Staying invested in all 12 months of the year is important since missing the best single month dramatically lowers returns.
Model Shadow Stock Portfolio: Insights and a New Stock
April 2018 by Wayne A. Thorp, John Bajkowski
To realize the higher long-term returns of small-cap value stocks, some periods of short-term underperformance have to be endured.
April 2018 by Wayne A. Thorp, John Bajkowski
To realize the higher long-term returns of small-cap value stocks, some periods of short-term underperformance have to be endured.
Model Shadow Stock Portfolio: Implementing the New Four-Year Sell Rule
January 2018 by James B. Cloonan
A new time limit on portfolio holdings triggered the removal of four stocks that no longer qualify and have lackluster long-term returns.
January 2018 by James B. Cloonan
A new time limit on portfolio holdings triggered the removal of four stocks that no longer qualify and have lackluster long-term returns.
Birth of an Idea: How AAII Got Started
November 2017 by John Bajkowski, Charles Rotblut, James B. Cloonan
James Cloonan shares what led him to start AAII, along with the inside story of AAII’s Model Shadow Stock Portfolio.
November 2017 by John Bajkowski, Charles Rotblut, James B. Cloonan
James Cloonan shares what led him to start AAII, along with the inside story of AAII’s Model Shadow Stock Portfolio.
Discontinuing the Model Fund Portfolio, but Keeping the Level3 Passive Portfolio
November 2017 by James B. Cloonan
The Model Fund Portfolio is ending after 14 years. Updates to the Level3 Passive Portfolio will be included with the Model Shadow Stock Portfolio commentary.
November 2017 by James B. Cloonan
The Model Fund Portfolio is ending after 14 years. Updates to the Level3 Passive Portfolio will be included with the Model Shadow Stock Portfolio commentary.
Model Shadow Stock Portfolio: Special Update and Rule Changes
November 2017 by James B. Cloonan
The momentum and holding period rules are being updated. Plus, starting in 2018, commentary will be provided six times a year.
November 2017 by James B. Cloonan
The momentum and holding period rules are being updated. Plus, starting in 2018, commentary will be provided six times a year.
Shadow Stocks
November 2017 by AAII Staff
How the parameters as to what qualifies as a small-company and low price-to-book stock has evolved over the years.
November 2017 by AAII Staff
How the parameters as to what qualifies as a small-company and low price-to-book stock has evolved over the years.
Model Shadow Stock Portfolio: Three New Stocks Added
October 2017 by James B. Cloonan
The gains from the latest portfolio deletion were large enough to facilitate adding three new Shadow Stocks.
October 2017 by James B. Cloonan
The gains from the latest portfolio deletion were large enough to facilitate adding three new Shadow Stocks.
Model Shadow Stock Portfolio: Loosened Buy Rules on New Addition
July 2017 by James B. Cloonan
Due to a shortage of qualifying stocks, a slightly higher price-to-book ratio can be used for purchasing the portfolio’s newest stock.
July 2017 by James B. Cloonan
Due to a shortage of qualifying stocks, a slightly higher price-to-book ratio can be used for purchasing the portfolio’s newest stock.
Model Shadow Stock Portfolio: Handling Major Financial Statement Revisions
April 2017 by James B. Cloonan
Major revisions to financial statements have been rare among Shadow Stocks; their mere occurrence is not reason alone for a stock’s removal.
April 2017 by James B. Cloonan
Major revisions to financial statements have been rare among Shadow Stocks; their mere occurrence is not reason alone for a stock’s removal.
Model Shadow Stock Portfolio: New Additions, Plus Value Leads
January 2017 by James B. Cloonan
Two new stocks were added. Plus, a shift in favoritism back toward micro-cap and value stocks helped to propel the portfolio to a new all-time high.
January 2017 by James B. Cloonan
Two new stocks were added. Plus, a shift in favoritism back toward micro-cap and value stocks helped to propel the portfolio to a new all-time high.
New Rules for Model Shadow Stock Portfolio, Including Momentum
October 2016 by James B. Cloonan
The portfolio rules governing market capitalization and industry classification were modified, and a new momentum requirement was added. Plus, three new stocks were added to the portfolio.
October 2016 by James B. Cloonan
The portfolio rules governing market capitalization and industry classification were modified, and a new momentum requirement was added. Plus, three new stocks were added to the portfolio.
Model Shadow Stock Portfolio: The Limitations of a Real Portfolio
July 2016 by James B. Cloonan
A key difference between strategies and real portfolios is not being able to buy all passing stocks due to limited investment dollars.
July 2016 by James B. Cloonan
A key difference between strategies and real portfolios is not being able to buy all passing stocks due to limited investment dollars.
Model Shadow Stock Portfolio: Many Opportunities Among Micro Caps
April 2016 by James B. Cloonan
The price decline in micro caps made valuations more attractive. Plus, one shadow stock was deleted due to a lack of profitability.
April 2016 by James B. Cloonan
The price decline in micro caps made valuations more attractive. Plus, one shadow stock was deleted due to a lack of profitability.
AAII Stock Screens 2015 Review: Small-Cap Wins During a Large-Cap Year
January 2016 by Wayne A. Thorp
Though the relatively flat year favored large-cap growth stocks, the Foolish Small Cap 8 came out on top. There was also a shake-up in the long-term performance rankings.
January 2016 by Wayne A. Thorp
Though the relatively flat year favored large-cap growth stocks, the Foolish Small Cap 8 came out on top. There was also a shake-up in the long-term performance rankings.
Revised Guidance on Following the Model Shadow Stock Portfolio
January 2016 by James B. Cloonan
Restrict purchases to Shadow Stocks whose average daily dollar volume is at least 10 times the desired amount to be invested. Plus, see the new additions.
January 2016 by James B. Cloonan
Restrict purchases to Shadow Stocks whose average daily dollar volume is at least 10 times the desired amount to be invested. Plus, see the new additions.
The Model Shadow Stock Portfolio’s Long-Term Performance
October 2015 by James B. Cloonan
The power of compounded returns has led to the portfolio’s great long-term return. A new chart helps to show the relative impact on returns.
October 2015 by James B. Cloonan
The power of compounded returns has led to the portfolio’s great long-term return. A new chart helps to show the relative impact on returns.
Major Rule Change Made to the
Model Shadow Stock Portfolio
July 2015 by James B. Cloonan
The maximum price-to-book ratio has been increased. Plus, three stocks were added and a fourth reinvested into.
July 2015 by James B. Cloonan
The maximum price-to-book ratio has been increased. Plus, three stocks were added and a fourth reinvested into.
Model Shadow Stock Portfolio: Sell Rules Dictate a Change
April 2015 by James B. Cloonan
One stock was replaced after blowing through both the value and market-capitalization limits. Plus, insight into the portfolio’s performance.
April 2015 by James B. Cloonan
One stock was replaced after blowing through both the value and market-capitalization limits. Plus, insight into the portfolio’s performance.
Two New Stocks Added to the Model Shadow Stock Portfolio
January 2015 by James B. Cloonan
The latest additions are discussed, along with the portfolio’s 2014 performance and expectations for 2015.
January 2015 by James B. Cloonan
The latest additions are discussed, along with the portfolio’s 2014 performance and expectations for 2015.
Maintaining Model Shadow Stock Portfolio Purchase Rules
October 2014 by James B. Cloonan
Though no new non-Chinese stocks are qualifying, there is not enough cash in the portfolio to justify looser purchase rules.
October 2014 by James B. Cloonan
Though no new non-Chinese stocks are qualifying, there is not enough cash in the portfolio to justify looser purchase rules.
A New Constraint Added to the Model Shadow Stock Portfolio Rules
July 2014 by James B. Cloonan
A rule eliminating candidates with negative earnings estimates has been formalized. Plus, see the latest transactions.
July 2014 by James B. Cloonan
A rule eliminating candidates with negative earnings estimates has been formalized. Plus, see the latest transactions.
How Much Small Cap Should Be in Your Portfolio?
July 2014 by John McDermott, Dana D'Auria
Small-cap stocks have historically realized higher returns, but there are reasons why an investor may not want to overweight small-cap stocks.
July 2014 by John McDermott, Dana D'Auria
Small-cap stocks have historically realized higher returns, but there are reasons why an investor may not want to overweight small-cap stocks.
Model Shadow Stock Portfolio Rules Amended and Clarified
April 2014 by James B. Cloonan
The valuation and market capitalization sell rules have been amended. Plus, the maximum price to pay for new stocks is now listed.
April 2014 by James B. Cloonan
The valuation and market capitalization sell rules have been amended. Plus, the maximum price to pay for new stocks is now listed.
Exploiting the Relative Outperformance of Small-Cap Stocks
January 2014 by John Davenport, Fred Meissner
Small-cap stocks outperform large-cap stocks during periods of economic expansion and can deliver excess returns when a sector rotation strategy is used.
January 2014 by John Davenport, Fred Meissner
Small-cap stocks outperform large-cap stocks during periods of economic expansion and can deliver excess returns when a sector rotation strategy is used.
Model Shadow Stock Portfolio: Purchase Guidelines and Rule Changes
January 2014 by James B. Cloonan
Guidelines regarding price action and news are discussed, as well as a higher market capitalization limit and the latest portfolio changes.
January 2014 by James B. Cloonan
Guidelines regarding price action and news are discussed, as well as a higher market capitalization limit and the latest portfolio changes.
The Model Shadow Stock Portfolio and Micro-Cap Stock Spreads
October 2013 by James B. Cloonan
Guidance for reducing the negative impact of spreads. Plus, one stock was sold and two were added to the portfolio.
October 2013 by James B. Cloonan
Guidance for reducing the negative impact of spreads. Plus, one stock was sold and two were added to the portfolio.
What Members Are Asking Online
October 2013 by CI Staff
Questions on how to get started in AAII’s Model Shadow Stock Portfolio, where to see a style breakdown for total market funds, locating a retirement calculator, and using the payout ratio.
October 2013 by CI Staff
Questions on how to get started in AAII’s Model Shadow Stock Portfolio, where to see a style breakdown for total market funds, locating a retirement calculator, and using the payout ratio.
Three Different Ways to Follow the Model Shadow Stock Portfolio
July 2013 by James B. Cloonan
The portfolio’s rules allow for variance in how it is followed. Plus, one new stock was added.
July 2013 by James B. Cloonan
The portfolio’s rules allow for variance in how it is followed. Plus, one new stock was added.
What Members Are Asking Online
July 2013 by CI Staff
Questions on when to use an investment adviser and whether Apple products are suitable for investors, plus clarification on AAII’s Model Shadow Stock Portfolio purchase rules.
July 2013 by CI Staff
Questions on when to use an investment adviser and whether Apple products are suitable for investors, plus clarification on AAII’s Model Shadow Stock Portfolio purchase rules.
A Look at the Model Shadow Stock Portfolio’s True Risk
April 2013 by James B. Cloonan
Measured by the chance of a long-term loss, the Model Shadow Stock Portfolio is less risky than the S&P 500 index.
April 2013 by James B. Cloonan
Measured by the chance of a long-term loss, the Model Shadow Stock Portfolio is less risky than the S&P 500 index.
What Members Are Asking Online
April 2013 by CI Staff
Questions on portfolio management programs, AAII’s Model Shadow Stock Portfolio and the Treynor ratio.
April 2013 by CI Staff
Questions on portfolio management programs, AAII’s Model Shadow Stock Portfolio and the Treynor ratio.
Higher Prices Prompt Rule Change in the Model Shadow
Stock Portfolio
January 2013 by James B. Cloonan
The minimum and maximum market capitalizations have been revised upward to account for higher micro-cap stock prices.
January 2013 by James B. Cloonan
The minimum and maximum market capitalizations have been revised upward to account for higher micro-cap stock prices.
What Members Are Asking Online
January 2013 by CI Staff
Questions on AAII’s Model Shadow Stock Portfolio, Stock Superstars Report and Stock Screens. Plus, how to install David Herron’s Portfolio Optimization program.
January 2013 by CI Staff
Questions on AAII’s Model Shadow Stock Portfolio, Stock Superstars Report and Stock Screens. Plus, how to install David Herron’s Portfolio Optimization program.
Adherence to Rules Helps Model Shadow Stock Portfolio's Performance
October 2012 by James B. Cloonan
Following a consistent, well-defined approach has helped the portfolio achieve an average return of 16.1% over the past 20 years. Plus, see the latest buys and sells.
October 2012 by James B. Cloonan
Following a consistent, well-defined approach has helped the portfolio achieve an average return of 16.1% over the past 20 years. Plus, see the latest buys and sells.
What Members Are Asking Online
October 2012 by CI Staff
Questions on word usage, following the Model Shadow Stock Portfolio and generating income in retirement.
October 2012 by CI Staff
Questions on word usage, following the Model Shadow Stock Portfolio and generating income in retirement.
V-MODA Crossfade M-80 Shadow On-Ear Headphones
August 2012 by Wayne A. Thorp
Stylish on-ear headphones built to military specifications
August 2012 by Wayne A. Thorp
Stylish on-ear headphones built to military specifications
Despite Uncertainty, Model Shadow Stock Portfolio Still Positive for 2012
July 2012 by James B. Cloonan
Global and domestic uncertainty hurt returns in May, but even with the pullback, the portfolio is up 9.1% year-to-date.
July 2012 by James B. Cloonan
Global and domestic uncertainty hurt returns in May, but even with the pullback, the portfolio is up 9.1% year-to-date.
Model Shadow Stock Portfolio Reaches an All-Time High
April 2012 by James B. Cloonan
A rally in micro-cap stocks helped drive the portfolio’s cumulative return to an all-time high. Plus, read about the portfolio’s latest changes.
April 2012 by James B. Cloonan
A rally in micro-cap stocks helped drive the portfolio’s cumulative return to an all-time high. Plus, read about the portfolio’s latest changes.
What Members Are Asking Online
April 2012 by CI Staff
Questions about the Altman Z-Score and AAII’s Model Shadow Stock Portfolio, plus comments on the limitations of Quicken for the Mac and a suggested alternative.
April 2012 by CI Staff
Questions about the Altman Z-Score and AAII’s Model Shadow Stock Portfolio, plus comments on the limitations of Quicken for the Mac and a suggested alternative.
Model Shadow Stock Portfolio: Up Modestly During an Atypical Year
January 2012 by James B. Cloonan
Though the market did not enjoy its typical pre-election-year rally, the Model Shadow Stock Portfolio ended November with a year-to-date gain.
January 2012 by James B. Cloonan
Though the market did not enjoy its typical pre-election-year rally, the Model Shadow Stock Portfolio ended November with a year-to-date gain.
Record Market Volatility Affects Model Shadow Stock Portfolio
October 2011 by James B. Cloonan
High levels of volatility caused the portfolio to show a year-to-date loss at the end of August. Read about the latest changes and see James’ latest commentary.
October 2011 by James B. Cloonan
High levels of volatility caused the portfolio to show a year-to-date loss at the end of August. Read about the latest changes and see James’ latest commentary.
Shadow Stock Gains Limited by Pause in Small-Cap Stocks
July 2011 by James B. Cloonan
The Model Shadow Stock Portfolio rose 2% since the last update. Two holdings were replaced with new stocks.
July 2011 by James B. Cloonan
The Model Shadow Stock Portfolio rose 2% since the last update. Two holdings were replaced with new stocks.
What Members Are Asking Online
July 2011 by CI Staff
Questions on sharing AAII content and on passing company lists for the AAII Model Shadow Stock Portfolio and stock screens.
July 2011 by CI Staff
Questions on sharing AAII content and on passing company lists for the AAII Model Shadow Stock Portfolio and stock screens.
Shadow Stock Portfolio Rewards Investors Who Stayed in Stocks
April 2011 by James B. Cloonan
The Model Shadow Stock Portfolio ended February above its pre–bear market high. Plus, see which two stocks were added to the portfolio.
April 2011 by James B. Cloonan
The Model Shadow Stock Portfolio ended February above its pre–bear market high. Plus, see which two stocks were added to the portfolio.
Shadow Stock Portfolio Makes the Case for Buy and Hold
January 2011 by James B. Cloonan
The fourth-quarter rally helped to push the Shadow Stock Portfolio back up close to its pre-recession high. Plus, see the portfolio’s new additions.
January 2011 by James B. Cloonan
The fourth-quarter rally helped to push the Shadow Stock Portfolio back up close to its pre-recession high. Plus, see the portfolio’s new additions.
Shadow Stock Portfolio Performance Reflects Market’s Volatility
October 2010 by James B. Cloonan
The Model Shadow Stock Portfolio pared some of its gains over the summer, but still remained in positive territory year-to-date. Plus, a change was made to one of the portfolio’s sell rules.
October 2010 by James B. Cloonan
The Model Shadow Stock Portfolio pared some of its gains over the summer, but still remained in positive territory year-to-date. Plus, a change was made to one of the portfolio’s sell rules.
Shadow Stock Portfolio Up 14.9% in 2010
July 2010 by James B. Cloonan
The Shadow Stock Portfolio is posting good returns despite the market’s volatility. Plus, find out why changes were made to the portfolio’s holdings.
July 2010 by James B. Cloonan
The Shadow Stock Portfolio is posting good returns despite the market’s volatility. Plus, find out why changes were made to the portfolio’s holdings.
Shadow Stock Portfolio: About Even Despite High Volatility
April 2010 by James B. Cloonan
As of the end of February, the portfolio is about even year-to-date, but there has been high volatility with a weak January and a strong February.
April 2010 by James B. Cloonan
As of the end of February, the portfolio is about even year-to-date, but there has been high volatility with a weak January and a strong February.
Model Shadow Stock Portfolio Contests 2007 for Best Annual Return
January 2010 by James B. Cloonan
The markets and the Shadow Stock Portfolio staged big rebounds, but both remain below their 2007 highs. The New Year brings both potential reward and risks.
January 2010 by James B. Cloonan
The markets and the Shadow Stock Portfolio staged big rebounds, but both remain below their 2007 highs. The New Year brings both potential reward and risks.
Model Shadow Stock Portfolio Up 66%, as Market Move Mystifies Pundits
October 2009 by James B. Cloonan
The Model Shadow Stock Portfolio is on its way to one of its best years ever--up 66.6% through the end of August compared to 15% for the S&P 500. But the portfolio still has not recouped all of its 2008 losses. A good contrarian indicator: many analysts say the market can't possibly go higher.
October 2009 by James B. Cloonan
The Model Shadow Stock Portfolio is on its way to one of its best years ever--up 66.6% through the end of August compared to 15% for the S&P 500. But the portfolio still has not recouped all of its 2008 losses. A good contrarian indicator: many analysts say the market can't possibly go higher.
Messages: What Members Are Asking On-Line
July 2009 by AAII Staff
Questions on the difference between our two Buffett growth screens, when the AAII Shadow Stock portfolio data is updated, and where to get daily reports of earnings announcements.
July 2009 by AAII Staff
Questions on the difference between our two Buffett growth screens, when the AAII Shadow Stock portfolio data is updated, and where to get daily reports of earnings announcements.
Rebound: Model Shadow Stock Portfolio Strongly Up, But Still Playing Catch-Up
July 2009 by James B. Cloonan
The good news: The Model Shadow Stock Portfolio is up 30.1% year-to-date, and way ahead of the S&P 500. But bear market math is brutal: When you are down 50%, you have to go back up 100% just to get even, and for that, we still have quite a ways to go.
July 2009 by James B. Cloonan
The good news: The Model Shadow Stock Portfolio is up 30.1% year-to-date, and way ahead of the S&P 500. But bear market math is brutal: When you are down 50%, you have to go back up 100% just to get even, and for that, we still have quite a ways to go.
Bear Market Punishes Shadow Stocks But Qualifying Stocks Abound
January 2009 by James B. Cloonan
The stock market is punishing every sector, and it is punishing its favorite children--micro-cap and extreme value stocks--the most. Year-to-date (through November 30, 2008) the Model Shadow Stock Portfolio is down 51.1%. On the other hand, this quarter, there were over 90 candidates that qualified on our basic criteria--easily a record.
January 2009 by James B. Cloonan
The stock market is punishing every sector, and it is punishing its favorite children--micro-cap and extreme value stocks--the most. Year-to-date (through November 30, 2008) the Model Shadow Stock Portfolio is down 51.1%. On the other hand, this quarter, there were over 90 candidates that qualified on our basic criteria--easily a record.
Results Not Yet Final, But So Far, Election-Year Returns Have Yet to Appear
October 2008 by James B. Cloonan
The Model Shadow Stock Portfolio has moved ahead of the S&P 500 year-to-date, but is still behind small-cap stocks, which are down "only" 3.8% year to date. Our quarterly review includes a list of changes to the portfolio over the last quarter, a complete listing of the holdings, and the rules that govern the portfolio.
October 2008 by James B. Cloonan
The Model Shadow Stock Portfolio has moved ahead of the S&P 500 year-to-date, but is still behind small-cap stocks, which are down "only" 3.8% year to date. Our quarterly review includes a list of changes to the portfolio over the last quarter, a complete listing of the holdings, and the rules that govern the portfolio.
Shadow Stock Portfolio Update and the Disappointing Election-Year Market
July 2008 by James B. Cloonan
As of the end of May, micro-cap stocks continue to lag the market and the Model Shadow Stock Portfolio reflects that trend, with a weak three months. But even though the market appears gloomy, the bottom line is that it may be wise to stick with your long-term asset allocation or make only minimal adjustments.
July 2008 by James B. Cloonan
As of the end of May, micro-cap stocks continue to lag the market and the Model Shadow Stock Portfolio reflects that trend, with a weak three months. But even though the market appears gloomy, the bottom line is that it may be wise to stick with your long-term asset allocation or make only minimal adjustments.
Market Weakness Hits Model Shadow Stock Portfolio
April 2008 by James B. Cloonan
The market weakness continues, but it has stopped hitting small and value stocks more than the general market. The Model Shadow Stock Portfolio is now performing better than the overall market. An update on the portfolio and its holdings.
April 2008 by James B. Cloonan
The market weakness continues, but it has stopped hitting small and value stocks more than the general market. The Model Shadow Stock Portfolio is now performing better than the overall market. An update on the portfolio and its holdings.
2007 Proves Underwhelming
for Small Caps and Value Stocks
January 2008 by James B. Cloonan
A year-end review of the AAII Model Shadow Stock Portfolio.
January 2008 by James B. Cloonan
A year-end review of the AAII Model Shadow Stock Portfolio.
The Foolish Approach to Small-Cap Stock Investing
November 2007 by Wayne A. Thorp
The Foolish Small Cap 8 screen attempts to isolate profitable, rapidly growing small-cap firms using an approach originally developed by the The Motley Fool Web site.
November 2007 by Wayne A. Thorp
The Foolish Small Cap 8 screen attempts to isolate profitable, rapidly growing small-cap firms using an approach originally developed by the The Motley Fool Web site.
Third Year of an Election Cycle: Volatility Returns to the Market
October 2007 by James B. Cloonan
This has not been a typical pre-election year--but there are still several months to go before year-end. Despite volatile returns, the Model Shadow Stock Portfolio is up 7.5% for the year, compared to 5.1% for the S&P 500. Our quarterly review.
October 2007 by James B. Cloonan
This has not been a typical pre-election year--but there are still several months to go before year-end. Despite volatile returns, the Model Shadow Stock Portfolio is up 7.5% for the year, compared to 5.1% for the S&P 500. Our quarterly review.
A Choppy Ride Up for Market and Shadow Stock Portfolio
July 2007 by James B. Cloonan
The market creeps gradually upward, as does the AAII Model Shadow Stock Portfolio. If the market continues at its current pace for the balance of the year, we will have the normal "year before the election" return of around 23%. On the bearish side, inflation is still a concern; on the bullish side, there now are a number of bearish analysts.
July 2007 by James B. Cloonan
The market creeps gradually upward, as does the AAII Model Shadow Stock Portfolio. If the market continues at its current pace for the balance of the year, we will have the normal "year before the election" return of around 23%. On the bearish side, inflation is still a concern; on the bullish side, there now are a number of bearish analysts.
Messages: What Members Are Asking On-Line
July 2007 by CI Staff
Readers seeking a replacement for Captools, questions on the Model Shadow Stock Portfolio, and comments regarding CAN SLIM licensees and the use of hypothetical performance data.
July 2007 by CI Staff
Readers seeking a replacement for Captools, questions on the Model Shadow Stock Portfolio, and comments regarding CAN SLIM licensees and the use of hypothetical performance data.
Is the Historic Small-Cap Cycle Coming to an End?
May 2007 by AAII Staff
An analysis by T. Rowe Price suggests that the best days of the small caps may be behind us.
May 2007 by AAII Staff
An analysis by T. Rowe Price suggests that the best days of the small caps may be behind us.
Model Shadow Stock Portfolio Survives Market Volatility
April 2007 by James B. Cloonan
The Shadow Stock Portfolio is doing better than the market in what is either a resumption of the long-term uptrend or a short-term respite from a lengthier downtrend. Although the market trend will soon be clear, for buy-and-holders it doesn't make much difference.
April 2007 by James B. Cloonan
The Shadow Stock Portfolio is doing better than the market in what is either a resumption of the long-term uptrend or a short-term respite from a lengthier downtrend. Although the market trend will soon be clear, for buy-and-holders it doesn't make much difference.
Shadow Stock Portfolio: A Strong Year-End Finish
January 2007 by James B. Cloonan
The AAII Model Shadow Stock Portfolio had a remarkable year, up 25.0% year-to-date, compared to 14.0% for the market. We may be due for a weak year down the road, but that is best dealt with by building profits in the interim.
January 2007 by James B. Cloonan
The AAII Model Shadow Stock Portfolio had a remarkable year, up 25.0% year-to-date, compared to 14.0% for the market. We may be due for a weak year down the road, but that is best dealt with by building profits in the interim.
Messages: What Members Are Asking On-Line
November 2006 by CI Staff
How to run the AAII Shadow Stock screen and whether on-line portfolio data is secure.
November 2006 by CI Staff
How to run the AAII Shadow Stock screen and whether on-line portfolio data is secure.
Shadow Stock Portfolio Up 8.5% Year-to-Date Despite Market Weakness
October 2006 by James B. Cloonan
The small capitalization and value criteria result in a portfolio that has provided significantly higher returns than the indexes.
October 2006 by James B. Cloonan
The small capitalization and value criteria result in a portfolio that has provided significantly higher returns than the indexes.
Shadow Stock Portfolio: Still Up for the Year After Market Correction
July 2006 by James B. Cloonan
The stock market adjustment that began in late May 2006 hurt the Model Shadow Stock Portfolio, but as of May 31 it was still up 11.4% for the year, compared to 2.5% for the Vanguard 500 Index fund.
July 2006 by James B. Cloonan
The stock market adjustment that began in late May 2006 hurt the Model Shadow Stock Portfolio, but as of May 31 it was still up 11.4% for the year, compared to 2.5% for the Vanguard 500 Index fund.
Small Caps & Value Lead at the Mid-Point of 2006
July 2006 by Wayne A. Thorp
A mid-year review of the screens tracked on AAII.com shows a reversal of last year’s trend, with value strategies topping growth approaches, and small-cap screens outperforming mid- and large-cap strategies.
July 2006 by Wayne A. Thorp
A mid-year review of the screens tracked on AAII.com shows a reversal of last year’s trend, with value strategies topping growth approaches, and small-cap screens outperforming mid- and large-cap strategies.
Model Shadow Stock Portfolio Keeps Chugging Along
April 2006 by James B. Cloonan
As of the end of February 2006, the Shadow Stock portfolio is up 5.4% year-to-date, compared to 2.9% for the S&P 500. Although the market most recently has been up, the choppiness that has marked 2005 is continuing into 2006, and continues to affect the model portfolio as well as the general market.
April 2006 by James B. Cloonan
As of the end of February 2006, the Shadow Stock portfolio is up 5.4% year-to-date, compared to 2.9% for the S&P 500. Although the market most recently has been up, the choppiness that has marked 2005 is continuing into 2006, and continues to affect the model portfolio as well as the general market.
Model Shadow Stock Portfolio: All-in-All, A Very Good Year
January 2006 by James B. Cloonan
The AAII Model Shadow Stock Portfolio took a bit of a breather in the last three months, but through November it remains at an impressive 18.8% compared to single-digit returns for the S&P 500 and small-cap index funds.
January 2006 by James B. Cloonan
The AAII Model Shadow Stock Portfolio took a bit of a breather in the last three months, but through November it remains at an impressive 18.8% compared to single-digit returns for the S&P 500 and small-cap index funds.
No Summer Doldrums for the Shadow Stock Portfolio
October 2005 by James B. Cloonan
The Model Shadow Stock Portfolio has found enough fuel to jet through the summer doldrums of 2005, rocketing to a 19.1% return over the quarter, while year to date it is up 17.8% compared to 5.4% for the Vanguard Small Cap Index fund. Our quarterly review includes a list of changes to the portfolio over the last quarter, as well as a complete listing of the holdings.
October 2005 by James B. Cloonan
The Model Shadow Stock Portfolio has found enough fuel to jet through the summer doldrums of 2005, rocketing to a 19.1% return over the quarter, while year to date it is up 17.8% compared to 5.4% for the Vanguard Small Cap Index fund. Our quarterly review includes a list of changes to the portfolio over the last quarter, as well as a complete listing of the holdings.
Shadow Stock Portfolio Still Leads as Market Runs Out of Gas
July 2005 by James B. Cloonan
While the Model Shadow Stock Portfolio is starting to run on fumes alone, it still leads the market. A mid-year look at the portfolio--how it has fared, and what changes have been made.
July 2005 by James B. Cloonan
While the Model Shadow Stock Portfolio is starting to run on fumes alone, it still leads the market. A mid-year look at the portfolio--how it has fared, and what changes have been made.
Model Shadow Stock Portfolio: A Step Ahead of the Market
April 2005 by James B. Cloonan
Feature: A performance update for the Shadow Stock Portfolio shows that the portfolio is still one step ahead of the market.
April 2005 by James B. Cloonan
Feature: A performance update for the Shadow Stock Portfolio shows that the portfolio is still one step ahead of the market.
A Performance Spotlight on the Model Shadow Stock Portfolio
January 2005 by James B. Cloonan
Feature: A performance update for the Model Shadow Stock Portfolio shows dramatic results over the last three months through November 2004.
January 2005 by James B. Cloonan
Feature: A performance update for the Model Shadow Stock Portfolio shows dramatic results over the last three months through November 2004.
Model Shadow Stock Portfolio: A Quarterly Review
October 2004 by James B. Cloonan
Feature: The Model Shadow Stock Portfolio shows a slight gain for the quarter, plus a year-to-date return of 14.3%, compared to the S&P's 0.4%. Our quarterly review of the Shadow Stock Portfolio.
October 2004 by James B. Cloonan
Feature: The Model Shadow Stock Portfolio shows a slight gain for the quarter, plus a year-to-date return of 14.3%, compared to the S&P's 0.4%. Our quarterly review of the Shadow Stock Portfolio.
Adjusting to Reality When Managing a Small-Cap Value Portfolio
July 2004 by James B. Cloonan
Feature: A quarterly update on the Individual Investor's Shadow Stock Portfolio.
July 2004 by James B. Cloonan
Feature: A quarterly update on the Individual Investor's Shadow Stock Portfolio.
To Find Small Caps, Don't Neglect the Large: Spin-offs for Fun and Profit
May 2004 by John Deysher
Spin-offs can offer unique investment opportunities in good markets and bad. However, not all spin-offs are created equal.
May 2004 by John Deysher
Spin-offs can offer unique investment opportunities in good markets and bad. However, not all spin-offs are created equal.
AAII's Shadow Stock Portfolio: An Update
April 2004 by James B. Cloonan
AAII's do-it-yourself approach to nano-cap stocks is holding its own.
April 2004 by James B. Cloonan
AAII's do-it-yourself approach to nano-cap stocks is holding its own.
What's UP? AAII's Shadow Stock Portfolio
January 2004 by James B. Cloonan
A strong close to last year bodes well for 2004: A performance and composition update on the AAII Shadow Stock Portfolio.
January 2004 by James B. Cloonan
A strong close to last year bodes well for 2004: A performance and composition update on the AAII Shadow Stock Portfolio.
Focus on the Individual Investor's Shadow Stock Portfolio
November 2003 by James B. Cloonan
Presenting a model stock portfolio that can be the beginning of the selection process, but not all of it. There are many ways the strategy can be implemented without everyone buying the exact same stocks.
November 2003 by James B. Cloonan
Presenting a model stock portfolio that can be the beginning of the selection process, but not all of it. There are many ways the strategy can be implemented without everyone buying the exact same stocks.
An Interview With Bill Ricks, Portfolio Manager, AXA Rosenberg International Sma
September 2003 by Maria Crawford Scott
A quantitative approach to small caps in the developed international markets.
September 2003 by Maria Crawford Scott
A quantitative approach to small caps in the developed international markets.
How the Strategies Have Fared: A Mid-Year Performance Review
August 2003 by John Bajkowski
The Foolish Small Cap 8 strategy shot past all of the other strategies in the first half of 2003, while the long-term leader in the growth category continues to be the O'Neil CAN SLIM approach.
August 2003 by John Bajkowski
The Foolish Small Cap 8 strategy shot past all of the other strategies in the first half of 2003, while the long-term leader in the growth category continues to be the O'Neil CAN SLIM approach.
Out of Wall Street's Spotlights: AAII's 2003 Shadow Stock Listing
February 2003 by Wayne A. Thorp
This year's list consists of 159 companies, including 44 newcomers. Detailed financial data for all 159 Shadow Stocks is available in spreadsheet form in the Download Library area under Files from AAII.
February 2003 by Wayne A. Thorp
This year's list consists of 159 companies, including 44 newcomers. Detailed financial data for all 159 Shadow Stocks is available in spreadsheet form in the Download Library area under Files from AAII.
Shadow Stock Rookies: What the Newcomers Look Like
February 2003 by Wayne A. Thorp
The price-earnings ratios for the Shadow Stock rookies range from 3.2 for freight carrier B&H Ocean Carriers, to 102.6 for OYO Geospace Corp., a maker of seismic data instruments.
February 2003 by Wayne A. Thorp
The price-earnings ratios for the Shadow Stock rookies range from 3.2 for freight carrier B&H Ocean Carriers, to 102.6 for OYO Geospace Corp., a maker of seismic data instruments.
The Foolish Approach to Investing in Small-Cap Stocks
November 2002 by Wayne A. Thorp
The Motley Fool's Foolish 8 method for investing in small caps looks for profitable and rapidly growing companies with strong price momentum.
November 2002 by Wayne A. Thorp
The Motley Fool's Foolish 8 method for investing in small caps looks for profitable and rapidly growing companies with strong price momentum.
Shadow Stocks 2002: Small Caps Out of Wall Street's Spotlights
February 2002 by Wayne A. Thorp
Stock Screening: By operating out of the spotlight of Wall Street, Shadow Stocks may offer unique opportunities for individual investors. This year, 186 stocks passed the Shadow Stock screens.
February 2002 by Wayne A. Thorp
Stock Screening: By operating out of the spotlight of Wall Street, Shadow Stocks may offer unique opportunities for individual investors. This year, 186 stocks passed the Shadow Stock screens.
The Rookies: Characteristics of the Shadow Stock Newcomers
February 2002 by Wayne A. Thorp
Stock Screening: One of the hottest sectors in 2001 has been consumer noncyclicals. This year's Shadow Stock Rookies list contains seven such firms.
February 2002 by Wayne A. Thorp
Stock Screening: One of the hottest sectors in 2001 has been consumer noncyclicals. This year's Shadow Stock Rookies list contains seven such firms.
An Interview With Scott L. Scher, Portfolio Manager, CRM Small Cap Value Fund
January 2002 by Maria Crawford Scott
Feature: A value approach to investing that seeks small-cap firms undergoing positive changes.
January 2002 by Maria Crawford Scott
Feature: A value approach to investing that seeks small-cap firms undergoing positive changes.
An Interview With Robert D'Alelio, Portfolio Manager, Neuberger Berman Genesis Fund
June 2001 by Maria Crawford Scott
Seeking good businesses at good values among the small caps.
June 2001 by Maria Crawford Scott
Seeking good businesses at good values among the small caps.
Shadow Stock Rookies: Newcomers to the 2001 Listing
February 2001 by Kenneth J. Michal
Stock Screening: Sales growth rate is often used to confirm the strength of growth in earnings per share. The median sales growth rate for the Shadow Stock Rookies is noticeably above the median for the complete Shadow Stock group.
February 2001 by Kenneth J. Michal
Stock Screening: Sales growth rate is often used to confirm the strength of growth in earnings per share. The median sales growth rate for the Shadow Stock Rookies is noticeably above the median for the complete Shadow Stock group.
Shadow Stocks 2001: Out of Wall Street's Glare
February 2001 by Kenneth J. Michal
Stock Screening: A total of 209 stocks passed the Shadow Stock screens in 2001. An Excel spreadsheet with detailed financials for all of these stocks is at AAII.com (go to the Files from AAII in the Download Library).
February 2001 by Kenneth J. Michal
Stock Screening: A total of 209 stocks passed the Shadow Stock screens in 2001. An Excel spreadsheet with detailed financials for all of these stocks is at AAII.com (go to the Files from AAII in the Download Library).
A Concession on 'Small Caps' as Micro Caps Stage a Comeback
February 2000 by James B. Cloonan
Opinion: Through much of 1999, it looked as if large-cap stocks would outperform, but the micro-cap stocks came back and beat the S&P 500. Over the long term, micro-cap stocks continue to outperform large-cap stocks by 2% a year.
February 2000 by James B. Cloonan
Opinion: Through much of 1999, it looked as if large-cap stocks would outperform, but the micro-cap stocks came back and beat the S&P 500. Over the long term, micro-cap stocks continue to outperform large-cap stocks by 2% a year.
Out of Wall Street's Spotlight: Shadow Stocks 2000
February 2000 by Kenneth J. Michal
Stock Screening: A total of 257 stocks passed the Shadow Stock screens in 2000; however, these screens are only a starting point. AAII continuously presents articles illustrating how to analyze the prospects of specific stocks using secondary screens.
February 2000 by Kenneth J. Michal
Stock Screening: A total of 257 stocks passed the Shadow Stock screens in 2000; however, these screens are only a starting point. AAII continuously presents articles illustrating how to analyze the prospects of specific stocks using secondary screens.
Shadow Stocks 2000: Characteristics of the Rookies
February 2000 by Kenneth J. Michal
Stock Screening: Earnings per share growth is one of the main benchmarks used for measuring company performance. But look at year-to-year trends as wells as overall growth to uncover variability and risk.
February 2000 by Kenneth J. Michal
Stock Screening: Earnings per share growth is one of the main benchmarks used for measuring company performance. But look at year-to-year trends as wells as overall growth to uncover variability and risk.
Out of the Wall Street Spotlight: The 1999 Shadow Stocks
February 1999 by Kenneth J. Michal
Stock Screening: A total of 276 stocks passed the 1999 Shadow Stock screens for small companies that are not followed closely by analylsts.
February 1999 by Kenneth J. Michal
Stock Screening: A total of 276 stocks passed the 1999 Shadow Stock screens for small companies that are not followed closely by analylsts.
The 1999 Shadow Stock Rookies: Companies New to the List
February 1999 by Kenneth J. Michal
Stock Screening: AAII´s annual screening for small companies resulted in 65 firms that are new to the Shadow Stock list, and their financial profiles indicate a diverse group of companies.
February 1999 by Kenneth J. Michal
Stock Screening: AAII´s annual screening for small companies resulted in 65 firms that are new to the Shadow Stock list, and their financial profiles indicate a diverse group of companies.
Out of the Wall Street Spotlight: The 1998 Shadow Stocks
February 1998 by John Bajkowski
AAII´s annual listing of smaller-capitalization stocks that are out of the glare of research analysts and institutional investors.
February 1998 by John Bajkowski
AAII´s annual listing of smaller-capitalization stocks that are out of the glare of research analysts and institutional investors.
Shadow Stock Rookies: Firms That Are New to the 1998 Listing
February 1998 by John Bajkowski
Stock Analysis Workshop: A closer look at the 105 stocks new to AAII´s 1998 Shadow Stock list.
February 1998 by John Bajkowski
Stock Analysis Workshop: A closer look at the 105 stocks new to AAII´s 1998 Shadow Stock list.
Neglected Stocks and Small Caps Still Make Sense for Individuals
April 1997 by James B. Cloonan
A Matter of Opinion: Recent articles and books have questioned whether the concepts underlying Shadow Stocks remain valid. A close look at the statistics indicate that they do.
April 1997 by James B. Cloonan
A Matter of Opinion: Recent articles and books have questioned whether the concepts underlying Shadow Stocks remain valid. A close look at the statistics indicate that they do.
An Interview With Gerald J. Moran, Portfolio Manager, Scudder Global Discovery Fund
February 1997 by Maria Crawford Scott
Feature: Seeking growth opportunities among the small caps worldwide.
February 1997 by Maria Crawford Scott
Feature: Seeking growth opportunities among the small caps worldwide.
Out of the Wall Street Spotlight: The 1996 Shadow Stocks
February 1996 by John Bajkowski
AAII's annual listing of smaller-capitalization stocks that are out of the glare of research analysts and insititutional investors.
February 1996 by John Bajkowski
AAII's annual listing of smaller-capitalization stocks that are out of the glare of research analysts and insititutional investors.
Shadow Stock Rookies: Firms That Are New to the 1996 Listing
February 1996 by John Bajkowski
Our annual screen for Shadow stocks turned up 125 companies not included in last year's listing.
February 1996 by John Bajkowski
Our annual screen for Shadow stocks turned up 125 companies not included in last year's listing.