About The Bowser Report

Founded in 1976, The Bowser Report is an independent newsletter for fundamentals-first investors focused on stocks under $5 per share on U.S. exchanges. We publish original research and disciplined guidance designed to help reduce emotional decision-making.

No sponsored coverage.

Bowser Beginnings

In the 1970s, founder R. Max Bowser began studying low-priced stocks and noticed that smaller companies could offer meaningful opportunity when selected carefully and managed with discipline. To separate signal from noise, he developed what became the Bowser Rating System and the Bowser Game Plan: a structured approach to stock selection and portfolio decision-making.

In October 1976, Max shared his process publicly by publishing the first issue of The Bowser Report and sending it to approximately 100 free subscribers. The mission remains the same today: publish independent research and a repeatable framework investors can use with consistency.

Our Approach

The Bowser Rating System and Bowser Game Plan work together to keep the process grounded in fundamentals and decisions grounded in rules:

  • Financial strength: prioritize companies with a solid foundation
  • Potential catalysts: look for credible drivers of improvement or value realization like insider buying
  • Disciplined entries: define what price is reasonable to pay for a long-term investment
  • Predefined exits: set sell decisions based on price and rules, not emotion

Subscribers receive this approach through a monthly PDF issue, weekly updates, and watchlist guidance.

Testimonials

The increased depth of the stocks in The Bowser Report, their variety and scope of information is a business education in itself.
John Basil, Subscriber
For 30 years or more, I've done well with The Bowser Report, with many more W's than L's.  Your staff does thorough research, followed by timely updates.  Your game plan has proven itself to be a winner.  My subscription has just been enthusiastically renewed.
Ted Miller, Subscriber

Testimonials reflect individual experiences and are not indicative of future results.

Meet Our Team

Thomas Rice
Thomas RicePublisher
Thomas joined The Bowser Report in Fall 2010 as a research assistant. In 2013, he became the newsletter’s publisher, continuing Max Bowser’s legacy while modernizing delivery through the online platform and expanding subscriber coverage through weekly updates and alerts.
Faris Sleem
Faris SleemEditor
Faris joined The Bowser Report in 2014 and serves as editor and contributor across the newsletter and blog. His work spans fundamental research for long-term investing and technical analysis for shorter-term market context.
Cindy Bowser
Cindy BowserCo-Editor
Cindy joined The Bowser Report in 1982, working alongside her father for 30 years. She continues to edit the newsletter today and remains a key steward of the publication’s standards and voice.

Ready to see the process in action? Subscribe to The Bowser Report.