How About Some Screens?

Rather than just look at long sector lists, let’s do some screens to be extra sure we did not miss any companies.

I want to eventually build a universe of 200-300 companies.

First I did my favorite screen, which is all US headquartered companies, market caps over $500 million, selling within 25% of their 5-year low. This is the equivalent of the old daily Wall Street Journal - New 52 week low list. That is how we found ideas in the day of the dinosaurs. I prefer to use the 5-year low, not the 52 week low. This screen gives me 179 companies. Many are on the lists I have already presented, but others have problems that I do not want do deal with.

Let’s add these ideas to our universe:

1. Cognex - CGNX - complex

2. GLOBALFOUNDRIES - GFS - the alternative do Taiwan?

3. Tootsie Roll - TR - kind of a battleground stock

4. Cracker Barrel - CBRL - ok for you yield whores

5. Ecovyst - ECVT - a big Cove Street name I missed

This is the screen that I stared at every day for 15 years. I helped with a pure low P/B strategy, all we used was a simple P/B screen, under 1.5x, this list is now only 195 stocks, many were already on my lists, but here are a few I missed:

1. Onintiv - OVV -the old Encana

2. Avista - AVV - the old Washington Water

3. Dorian - LPG - let’s not the forget the alternative to LNG

4. CoreCivic - CXW - prisons

5. Phinia - PHIN - Borg Warner spin

For you yield whores, let’s look at all yields over 4% which is only 135 stocks:

1. Wendy’s - WEN - 6% - I forgot this one

2. Universal - UVV - 5.9% - tobacco broker

3. Karat Packaging - 4% - KRT - never heard of this company, which is almost impossible

4. Ethan Allen - ETH - 4.7% - fun industry

   Let’s also look for stocks 50% off their 5-year high, even if they have already bounced. This is group of former high flyers, the list is longer at 581. It is important to do different types of screens.

1. Stanley Black Decker - my old boss rebuilt thr B&D part

2. Echostar - ECHO - a bandwidth story

3. Ameresco - AMRC - neat company, I want to find the next AMRC

4. Toast - TOST - great concept, bad execution

5. Genrac - GNRC - too tied to housing??