Summary
Growth investors will do best picking candidates in fast-growing industries. You can score the biggest profits by pinpointing the eventual winner in a still-fragmented emerging industry. Focusing on just four factors: sales (revenue), sales growth, operating margin, and SG&A compared to sales will help you pick the winners.
Keeping tabs on industry happenings by reading industry trade magazines will keep you up to speed on industry developments and insure that you haven't overlooked an important industry player or a significant event that might change the outlook for particular competitors or for the industry as a whole.
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