Bowser Microcap Stock Index Beats Dow Jones & Russell 2000.Business Editors NEWPORT NEWS Newport News, independent city (1990 pop. 170,045), SE Va., on the Virginia peninsula, at the mouth of the James River, off Hampton Roads, near Norfolk; inc. 1896. , Va.--(BUSINESS WIRE)--Oct. 21, 2003 Now in its third year of existence, the Bowser Bowser may mean:
1. Of or relating to the common stock of a company with a small capitalization, usually between $50 million and $250 million. Microcap stocks tend to experience volatile price movements and are subject to investment fraud schemes. Stock Index is the first instrument that truly measures quality low-priced issues. All of the stocks in the Index have a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of less than $300 million, with most of them being under $50 million. From August 9, 2001, when it was created, to October 1, 2003, the Bowser Microcap Stock Index has risen 101%. In contrast, during that same period, the famous Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. is down 8%, while the Russell 2000 is up 6%. (Although the Russell 2000 is known as a small-stock index, it includes stocks with market capitalizations of $1 billion or more.) The Bowser Microcap Stock Index was created with the assistance of George K. Zestos, PhD., an economist at Christopher Newport University Christopher Newport University, locally abbreviated as CNU, is a small liberal arts university located in Newport News, Virginia. It was established in 1960 as a two-year school of the College of William and Mary. . It is capitalization-weighted and reflects on the total weight of each stock. The Index is composed of 50 issues, each of which when selected had a Bowser Rating of 8 or higher and a price of $3 a share or less (The proprietary Bowser Rating System involves 13 factors, most of which are balance-sheet related. Only one factor, current earnings, is double-weighted. A Bowser rating of 8 or higher puts the stock in the buying range.) If a stock ceases to trade because the company was bought out--or for any other reason--it is replaced with another security that has a Bowser Rating of 8 or higher and trades at $3 a share or under. Replacements for the Index come from The Bowser Directory of Small Stocks, which is published monthly and has between 600 and 700 stocks, each of which is given a Bowser Rating. (The Directory is computer-generated and has 13 fields of information on each entry. It is available to the public for $89 a year.) By nature, the Index is highly diversified diversified (di·verˑ·s , with its 50 stocks spread among 11 industries. Free sample copies are available of The Bowser Report, which publicizes the results of the Bowser Microcap Stock Index. |
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