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Value Ideas Contest October Update

- By Holly LaFon

As announced earlier this month, GuruFocus has launched a Value Ideas Contest in which participants can submit an analysis of a stock they think has potential.

For a prize, winners will receive $1,000 if their idea doubles within 12 months. Read more about the rules and prizes here.

The competition has already stimulated much thought and interesting ideas from contributors. This month, authors submitted seven contest ideas that they believe investors should consider.

The participants were:

Each month, GuruFocus will track and publish the performance of all the stocks in the running to see how they are doing. Although it has been less than a month, here is what happened to each stock since the date it was recommended:

  • Daseke Inc. (DSKE): -21.99%
  • Ultra Clean Holdings Inc. (UCTT): -7.55%
  • Solitario Zinc Corp. (XPL): -11.43%
  • CIG Pannonia Life Insurance Plc (0CK.F): 0%
  • Cosco Shipping International (HKSE:00517): -7.69%
  • Lazard Ltd. (LAZ): +2.26%
  • Perfect Shape Medical Ltd. (HKSE:01830): 0%

Most of the stocks are down so far, but short-term fluctuations reveal little about what will happen in the long run. We will keep checking back each month.

Meanwhile, feel free to participate by submitting your own value stock idea. The contest is ongoing, meaning you can submit at any time. It is open to both free and Premium members. Again, there just a few guidelines you can learn about here.

We hope our readers enjoy this fun and challenging contest. Good luck!

This article first appeared on GuruFocus.