Subject: Re: A mungofitch screen
In the VL group, top 30% by ROE return about 3.4%/year better than the bottom 30% by ROE.
...
*And* in the top rank of 5 year sales growth.

Actually no, that particular comment was about VL's reported ROE by itself, no other criteria other than requiring that the ROE field be populated prior to the top/bottom 30% cutoff test.

The top 30% an interesting pre-filter for a number of possible quality stock screens. Not all such stocks are good, but a preponderance of good businesses have high ROE figures, so they bubble to the top a bit statistically.

Jim