Subject: Re: BAC
30 of those with highest "naive" ROE: 12.3%/year
30 of those with lowest "naive" ROE: 3.7%/year

30 of those with highest "naive" ROA: 12.0%/year
30 of those with lowest "naive" ROA: 1.3%/year

Am I wrong in thinking this is an absurdly simple (in the best possible sense) model for an ETF?

In fact that was a proposed screen a few years back.

"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."