Subject: Re: Quality Screen
Pseudo Script:

1. Only US stocks
2. Select the top 50% of Industries in terms of Annual Operating Margin.
3. Select the top 50% of companies within those industries that have the highest Operating Margins.

Continue pruning in the same manner using the following criteria:
4. Top 50% industries with the highest 5-Yr operating margins.
etc.


It's not clear how you're applying these pruning criteria, in sequence or as an AND function. If you pare down your universe by 50% 13 times you'd end up with 1 stock from a universe of 8000 stocks. Also, many of the 13 criteria seem redundant.

Elan