Mike, that screen is incredible. Everyone on the thread is going to hate me for saying this, but FIND A WAY TO CHARGE FOR IT. YOU HAVE A UNIQUE PRODUCT. NOBODY ELSE DOES THIS.
Or are you holding out for the IPO of DrMike.com. In that case, just get me 1000 shares at the offering price, ok pal. I'll wash your car. I'll walk your dog...there are some things I won't do, even for money.
You talk about the internet destroying opportunities. I start with the same raw list you do, and then do the same weeding you do (but I don't have to publish it, so its a lot less labor intensive - I cut out 2/3 of the list by sight - i.e. is there any way I would ever invest in this company no matter what the numbers - but I know the list you're starting with). The only way I know of that this list could have been generated before Mike found this free thing was with a VERY expensive product called Factset. Factset is a publicly traded company you can short. Game over for those guys in the long run if free screening is getting to this level.
It also tells you something else. The Pensobscots aren't going to be there any more. This is market efficiency rearing its ugly head somewhere where it hurts me - in $10 million net-nets. You may be happy about this development, but this is not a good thing.
All credit to Mike, though. He has truly broken new ground here. Once again, CHARGE FOR IT! A LOT. (I figure if you charge about $10,000 for your screen, I might still be able to buy my Pensbcots at 6. You make money, I make money. Win-win, right?) Or maybe the correct way to make money off this screen is to make me pay for you NOT to post it publicly.
In all seriousness, this thread is going to go to new levels with that kind of raw material for everybody to work with. I look forward to seeing the posts in the next few weeks.
And yes, the mystery net-net is on your list.
JJC |
