New attempt at Value Investing

While I was using financial numbers to discover undervalued companies, I noticed that such companies cannot maintain such performances and companies with lesser numbers were getting high price/earning (P/E) ratios.

I have now decided to focus on companies that have favorably reviewed products and a low P/E of 16. I have shortlisted four such companies which include:

• Finolex Cables
• Hero Motocorp
• KRBL
• Venky's

I am on the lookout for more companies with favorably reviewed products and a P/E of 16 or less. Most products I use are from companies that have a P/E of 30 to 90.

I am using technical analysis to time when to enter such stocks as Finolex Cables and KRBL are still being discounted to a P/E of around 16. Charts have indicated an entry for Venky's and a possible near future entry in Hero Motocorp.