One of the joys of running my screen-based Stock in Focus fund over the last 3.5 years is that it’s (mostly) forced me to set aside my prejudices and macro views. I’ve repeatedly bought stocks which the discretionary investor in me wouldn’t have bought. Quite often, I’ve been rewarded with a profit.
This week is a good example. Having ditched the defensive safety of supermarket giant Tesco last week, I’m now preparing to consider the attractions of structural steel small cap Severfield (LON: SFR).
I’ve gained a positive impression of this company over the last few years, but from a cyclical viewpoint I don’t see it as an obvious choice at the moment.
However, this popular stock qualifies for my screen and is potentially eligible for the SIF fund. This week I’m going to take a closer look at this company, which Stockopedia’s algorithms rate very highly:As usual, I’ll look at Severfield’s quality, value and momentum scores. But first, I think it’s worth taking a look at the firm’s latest trading update. I also want to consider an acquisition which appears to have had a significant impact on…
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