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Strategies & Market Trends : Value Investing
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To: Michael Burry who wrote (8794)10/29/1999 12:12:00 AM
From: Q.  Read Replies (2) of 78476
 
Mike, re. your net-net screen using StockQuest,

I tried to duplicate your results using StockQuest data I downloaded today, but I ended up with nearly 3X the stocks as you.

You said you found 47 under 66.67%.

I came up with 157 stocks under 66.67% with the mechanical screen, and this dropped only to 133 when I added your extra criterion debt/equity < 0.5.

I noticed that none of your stocks had a market cap under $2.5 M, whereas 47 of mine did. Eliminating those 47 super-tiny stocks reduced my list down to only 86 stocks, which is still nearly twice as many as yours.

I wonder if we did it differently?

I hadn't used StockQuest in a long time, so maybe I did something wrong. Would you be kind enough to take a look at the following, and tell me if you did it differently?

Here is the criterion I used:

{MktCap}<0.66667*({workingcap}-{LTDebt})

where the last two quantities are user-created variables that I defined as follows:
{workingcap} = {CURASTQ}-{CURLIABQ}
{LTDebt} = {DBTLT2EQQ}*{MKTCAP}/{PR2BOOKQ}

note: all quantities that are not ratios are expressed by MarketGuide in millions.
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