Subject: Re: question for Jim
I have a folder named "screens" on my computer where I have a folder for each screen of interest. This folder is "LargeCapCashDiv".
IIRC, it worked fine for a while, but tracking down the cash was a pain. I have scripts that download the data for each screen. The best source I found for the cash & debt data was WSJ. But then they changed it so that it wasn't downloadable anymore, so I dropped this screen.
A mungo screen I still use is:
Using a broad market index (like S&P500 or VL1500 or Russell 1000)
Or using the Value Line ~1500 stocks with any Timeliness.
Take only the 90% of the stocks closest to their 52-week high.
(Drop the lowest 10%)
Take the top 100 by ROE ...
and those with earnings >0 and book value is < 0.
then of those, top 25 by 5 Yr sales Growth.
Re-evaluate and/or rebalance every 1 or 2 or 3 or 6 months.
Optional tweak, 15 HTD 25 or 25 HTD 30.
It is pretty good, although has done slightly worse that SPY in the last 4 years. Almost nothing did better than SPY in the last few years.
Another simple screen I have just started looking at:
1)Top 10 S&P500 stocks by 52 week relative strength.
2) Trade monthly.
Unfortunately, I don't remember the source, and neglected to save it. I do remember that the backtest was good.