Wie sucht man sich eine GUTE AKTIE aus ?

bzw. welche Kriterien setzt man sich.

KGV ( P/E ) waere ein Grund, aber der kann auch manipuliert werden von
den bekannten 5 Wirtschaftspruefer ( Anderson, KPMG, PWC etc.)

Wie waere es mit EBITDA, ein etwas kompletteres Bild von einer Firma, der
gibt uns der Firmenwert ( Enterprise Value )

"A company's enterprise value is its market value plus its long-term debt, minus its cash stash. Think of it as the theoretical takeover price, since an acquirer would have to shoulder the burden of the company's debt and would pocket its cash in the event of a buyout"

Ebitda — which stands for earnings before interest, taxes, depreciation and amortization — is basically a company's operating cash flow. Some believe Ebitda provides a better sense of the cash a business is generating than net earnings or raw revenues can. Here's how it works. Since taxes and interest expenses don't tell you anything about a company's core business, they're tossed aside. And depreciation and amortization are also ignored, because they're noncash accounting adjustments.

When you stick these two variables together, you get the EV/Ebitda ratio. A low ratio indicates that a company might be undervalued. It also might indicate that a company is a ripe takeover target. Both scenarios are good for investors.

Man sucht sich nur Firmen aus, die ueber $300 Millionen market cap hat
und kein "negative operating cash flow"
Als naechstes, das EV/EBITDA Ratio sollte niedriger sein als der Durchschnitt
im Markt und niedriger als der Durchschnitt der Konkurrzenz (Industrieumfeld)
Danach Firmen die Wachstumsaussichten bzw. " Operating Margins " haben, die
ueber dem 5-year historical average liegen.


Alles klar ? Verstanden ?

und hat dies zugegeben.Es läuft jetzt eine Untersuchung darüber bei 150 Energytradern bis zum 31.Mai,der Gouverneur will sich für die Wahl profilieren.
Dynegy wurde nach Abwärtstrend erst am 20.Mai wieder gekauft wegen billigem Einstieg und Einsetzung eines Krisenmanagements zur Rettung des Anliegervertrauens!

Auszüge aus den Reutersmeldungen bei clearstation:
SAN FRANCISCO, May 21 (Reuters) - In an escalating battle to clean up California's fractured energy market, the state's political leadership on Tuesday applauded federal regulators' latest move to get to the bottom of a raft of trading scams.
Energy traders, already vilified in the media, cringed at the motives behind a widening investigation of their books, but admitted it could restore credibility to a badly shaken marketplace and ultimately benefit consumers.
California Gov. Gray Davis said the probe, ordered by the Federal Energy Regulatory Commission in Washington, was "long overdue," his press secretary Steve Maviglio said.
The commission ordered 150 power merchants to swear under oath by May 31 whether they pumped up trading volumes through prearranged "wash" trades, in which companies swap electricity at the same price without assuming any risk.
They must also hand over documents to federal regulators to back claims they proving did not engage in fake trades during the region's 2000-2001 energy crisis, which sent wholesale power prices soaring tenfold.
The bogus trades strengthen Gov. Davis's calls for a more aggressive federal probe of the independent power merchants he claims "gouged" Californians to the tune of nearly $9 billion at the height of the energy crisis.