Just sharing a 4 year strategy I'm experimenting with. In Apr 2020, I wanted to invest in about 10 canadian companies. I looked at their current price vs their 52 week high, and their dividend. On the left half.
On the right, I projected the 4 year gain, if a) they returned to 50% of their 52 week high, and b) if they returned to 100% of their 52 week high, after 4 years, including the dividend payments.
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From this, I bough these 10 companies in Apr 2020. 4 months later, they're up ~17%, so far. Mixed in below are some earlier companies I bought in June 2019, based on a current vs projected price based on some 'Simply Wallstreet' suggestions, which suggests undervalued companies.
I didn't look into these companies deeply at all, so I can definitely attribute some of the so-far success of this example to luck. I've also made some poor investing decisions in 2020, panicking and selling before the recovery.
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