60 Years ago on 29 May 1953, Sir Edmund Percival Hillary and Nepalese Sherpa mountaineer Tenzing Norgay became the first climbers confirmed as having reached the summit of Mount Everest.
So we found it a great idea to add the New Zealand stockexchange to our ValueScreeners software. ( Also one of our users had asked this.....[more]
The following article appeared in the 1 march 2013 issue of the Systematic Value Investor newsletter.
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New – External Finance Ratio
In this article I want to tell you about a ratio we have also added to the screener called the External Finance Ratio (EFR).
We got the idea from the excellent book by Richard Tortoriello called [more]
Mebane Faber (Cambria) has launched an interesting ETF today :
->The Cambria Shareholder Yield ETF is an actively managed fund that employs the manager's quantitative algorithm to select U.S. listed companies that show strong characteristics in returning free cash flow to their shareholders. Specifically, SYLD invests in 100 stocks with market caps greater than $200 million that rank among the highest in (a) paying cash dividends, (b) engaging in net share repurchases, and (c) paying down debt on their balance sheets
If you want to do your own homework, you can use our shareholder yield screen:
Shareholder Yield Stock Screener
Shareholder yield can be an excellent extra filtering criteria for the quantitative value investor
More info on cambria's fund can be found [more]
Dear Fellow Investor
The following article appeared in the 1 April 2013 issue of the Systematic Value Investor newsletter.
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Back to the article.
Do you think that the quality of a business makes any difference in terms of returns compared to only buying undervalued companies?
It doesn't but we may have found a quality ratio that helps.
As you know our experience testing quality ratios in our book Quantitative Value Investing In Europe: What Works for Achieving Alpha has been mixed...[more]