Best Building Product Stocks To Watch For 2015

Best Building Product Stocks To Watch For 2015: Bio-Reference Laboratories Inc.(BRLI)

Bio-Reference Laboratories, Inc. provides clinical laboratory testing services for the detection, diagnosis, evaluation, monitoring, and treatment of diseases primarily in the greater New York metropolitan area. It offers various chemical diagnostic tests, including blood and urine analysis, blood chemistry, hematology services, serology, radio-immuno analysis, toxicology, pap smears, tissue pathology, and other tissue analysis. The company also operates a clinical knowledge management service unit, which uses customer data from laboratory results, pharmaceutical data, claims data, and other data sources to provide administrative and clinical decision support systems. In addition, it operates a Web-based connectivity portal solution for laboratories and physicians to provide laboratory ordering and results to physician customers. The company provides its services directly to physicians, geneticists, hospitals, clinics, and correctional and other health facilities. Bio-Refe rence Laboratories, Inc. was founded in 1981 and is headquartered in Elmwood Park, New Jersey.

Advisors' Opinion:

• [By Geoff Gannon] strong>DreamWorks (DWA)

  Read these reports. Look for something that might have interested me. Why would Geoff look at DNB, Chuck E. Cheese, etc.? What got him interested in the stock? Do I see the same thing?

  Whenever possible, also read the quarterly earnings call transcripts. You can listen to them too. But its easier if you read them and listen to them.

  Just listening is a bad idea.

  Whenever I can get a transcript of anything even Warren Buffetts appearance on CNBC Ill keep a copy of the transcript even when I have a copy of the video (or audio). You can refer back to a transcript easily. You can highlight. You can take notes.

  Taking Notes

  Now, you are doing those things when reading an annual report, right?

  You never just sit ! down and read an annual report. You always sit down with a pen, a highlighter, a pad of paper, and a calculator. Use the margins of a 10-K or your pad of paper to jot down notes. As k questions. Do calculations.

  If you ever see a 10-K after Ive read it its not very white anymore. Theres lots of stuff written in the margins. Mostly its questions I was asking myself. But its also calculations of numbers the company does not provide.

  Numbers to Know

  So, for example, in a banks 10-K I always write down:

  路 Deposits per share

  路 Deposits per branch

  路 Cost of deposits

  路 Texas Ratio

  You can actually look up the Texas Ratio of any bank here. And some banks calculate and report cost of deposits the way I like to think about it. But, its not common for banks to report deposits per branch although small banks will sometimes mention (perhaps in the shareholder letter) what their biggest branch has in deposits. Others may mention how quickly new branches achieved a deposit milestone.

  Those are the kinds of numbers I write in the margins of a banks 10-K. There will be questi ons like: Why is e

• [By GuruFocus]

  An example here is Bio Reference Lab (BRLI). This is a company with a simple business, strong balance sheet and the Predictability Rank of 5-Star. At the price of $19, BRLI was in the top of the Buffett-Munger Screener. But the stock price quickly dropped to below $12 in November 2011. At that point, the company announced a share buyback. The CEO, CFO and COO also bought shares in December at $14 a share. Since then the stock price has doubled.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-building-product-stocks-to-watch-for-2015-3.html