Stock picking momentum moves to newsflow

  After the market turned in the spring of last year, I found it possible to find a fair number of companies whose shares were not priced as if their profits would never recover. I tried to identify these companies by looking for stocks with low price-to-sales ratios. When I last looked at stock-picking options, I quoted Cookson – a company which makes materials used in the production of printed circuit boards as one of my favourite stocks at that time. This investment has proved to be very successful, as the company's share price has risen following good newsflow from the electronics...