I learned pretty quickly though. I'm actually quite proud of the research I did on my latest couple of stock picks. Now I get to my point. I want to talk about a particular company I've been researching, let's call the stock XYZ. I've done quite a bit of work on this stock, I've read old 10-Ks and 10-Qs of both it and its main competitors (of which it only has a few), I've watched trade show youtube clips and looked at historic trends. The company that I bought is a good value buy in my opinion because it has an absurdly low P/E ratio compared to its competitors (1/4 to that of the most comparable company).