Readers of Joel Greenblatt's books will recall that not only does his ranking methodology predict the top decile of stocks, but each decile in aggregate performed worse than the preceding decile. That is a powerful statement to me. So, it seems logical that you could buy the top 200 and short the bottom 200 and perhaps do better or at the very least have a bit of a hedge. I believe one of his funds does exactly that.
So here is the bottom 200. I threw out anything where I had some form of an "error" (sometimes financial statements are not finalized) or you get a division by zero.
I do not know a lot of these stocks. I suspect there is a fair bit of bio tech in here (INFI and SNTA for example). I also see some familiar names that have fallen on harder times (BBRY and JCP for instance). I also see some companies that used to be in top 200 (CECO) and some that are recent IPOs (SFXE, which I owned for a few weeks).
| Ticker | Rank | Stock Price | Market Cap | Earnings Yield | ROIC | Dividend Yield | P/B | Country |
| OREX | 1 | 5.75 | 568 | -18% | -73932% | 0.0% | 19.8 | USA |
| 2 | 1.99 | 339 | -54% | -4005% | 0.0% | - | Ireland | |
| ZIOP | 3 | 4.37 | 363 | -25% | -6489% | 0.0% | ##### | USA |
| ACHN | 4 | 3.47 | 335 | -28% | -4750% | 0.0% | 2.0 | USA |
| INFI | 5 | 12.96 | 623 | -36% | -3466% | 0.0% | 2.7 | USA |
| SNTA | 6 | 5.88 | 406 | -21% | -5499% | 0.0% | 28.0 | USA |
| DRTX | 7 | 12.81 | 341 | -19% | -5889% | 0.0% | 6.4 | USA |
| 8 | 15.00 | 1,221 | -17% | -4369% | 0.0% | 12.8 | USA | |
| CORT | 9 | 3.39 | 338 | -13% | -22525% | 0.0% | 10.9 | USA |
| IDIX | 10 | 6.27 | 840 | -16% | -3954% | 0.0% | 6.3 | USA |
| 11 | 9.55 | 964 | -20% | -1825% | 0.0% | 6.3 | USA | |
| TSRO | 12 | 25.54 | 829 | -12% | -17986% | 0.0% | 7.2 | USA |
| SGYP | 13 | 5.64 | 509 | -13% | -8831% | 0.0% | 6.9 | USA |
| CEMP | 14 | 13.12 | 435 | -10% | -45218% | 0.0% | 5.1 | USA |
| MACK | 15 | 5.68 | 575 | -22% | -1014% | 0.0% | - | USA |
| PACB | 16 | 4.87 | 319 | -38% | -780% | 0.0% | 3.8 | USA |
| OMER | 17 | 11.64 | 347 | -13% | -5053% | 0.0% | - | USA |
| EXEL | 18 | 6.13 | 1,129 | -14% | -3168% | 0.0% | 8.5 | USA |
| KYTH | 19 | 35.70 | 666 | -9% | -44860% | 0.0% | 18.0 | USA |
| RMTI | 20 | 9.88 | 389 | -14% | -3121% | 0.0% | 61.8 | USA |
| 21 | 1.91 | 503 | -16% | -1302% | 0.0% | 1.5 | USA | |
| DVAX | 22 | 1.98 | 362 | -22% | -770% | 0.0% | 5.0 | USA |
| 23 | 17.03 | 637 | -12% | -3506% | 0.0% | 4.1 | USA | |
| 24 | 4.88 | 626 | -8% | -38304% | 0.0% | 10.2 | USA | |
| AVNR | 25 | 3.31 | 489 | -11% | -3228% | 0.0% | 25.5 | USA |
| RPRX | 26 | 19.70 | 453 | -8% | -32909% | 0.0% | 5.6 | USA |
| BBRY | 27 | 7.61 | 4,000 | -141% | -327% | 0.0% | 0.4 | Canada |
| IRWD | 28 | 12.03 | 1,453 | -18% | -669% | 0.0% | 17.2 | USA |
| SRPT | 29 | 20.44 | 694 | -15% | -812% | 0.0% | 2.8 | USA |
| HZNP | 30 | 8.13 | 526 | -11% | -1678% | 0.0% | 7.5 | USA |
| RCPT | 31 | 30.96 | 548 | -8% | -10406% | 0.0% | 8.5 | USA |
| ARIA | 32 | 7.15 | 1,324 | -23% | -344% | 0.0% | 5.2 | USA |
| PGNX | 33 | 5.55 | 336 | -12% | -1216% | 0.0% | 3.9 | USA |
| PTLA | 34 | 27.39 | 964 | -9% | -2990% | 0.0% | 1.9 | USA |
| CMRX | 35 | 15.85 | 410 | -7% | -6602% | 0.0% | 3.9 | USA |
| PRTA | 36 | 27.65 | 489 | -11% | -1171% | 0.0% | 4.6 | Ireland |
| ANAC | 37 | 16.92 | 687 | -8% | -4364% | 0.0% | - | USA |
| SFE | 38 | 19.87 | 427 | -7% | -13573% | 0.0% | 1.6 | USA |
| RENN | 39 | 3.19 | 1,177 | -47% | -197% | 0.0% | 1.0 | China |
| BCRX | 40 | 8.46 | 483 | -7% | -8863% | 0.0% | ##### | USA |
| MNTA | 41 | 18.72 | 956 | -14% | -399% | 0.0% | 3.2 | USA |
| ZGNX | 42 | 3.37 | 353 | -14% | -402% | 0.0% | - | USA |
| FURX | 43 | 44.17 | 449 | -6% | -29496% | 0.0% | 19.9 | USA |
| 44 | 7.09 | 617 | -9% | -791% | 0.0% | - | USA | |
| 45 | 4.92 | 408 | -8% | -1364% | 0.0% | 12.0 | USA | |
| 46 | 5.01 | 456 | -6% | -7703% | 0.0% | 15.2 | USA | |
| GALE | 47 | 5.09 | 444 | -6% | -4967% | 0.0% | 12.7 | USA |
| SZYM | 48 | 11.08 | 718 | -15% | -228% | 0.0% | 4.4 | USA |
| ACRX | 49 | 12.08 | 501 | -7% | -959% | 0.0% | 9.4 | USA |
| Q | 50 | 46.29 | 6,169 | -10% | -405% | 0.4% | - | USA |
| DNDN | 51 | 3.08 | 469 | -25% | -111% | 0.0% | - | USA |
| CLVS | 52 | 60.48 | 1,817 | -5% | -7700% | 0.0% | 5.3 | USA |
| MRIN | 53 | 10.35 | 337 | -14% | -200% | 0.0% | 2.8 | USA |
| FORM | 54 | 6.37 | 347 | -31% | -89% | 0.0% | 1.1 | USA |
| JIVE | 55 | 11.12 | 758 | -10% | -344% | 0.0% | 7.0 | USA |
| LXRX | 56 | 1.84 | 945 | -13% | -256% | 0.0% | 5.1 | USA |
| VNDA | 57 | 12.64 | 396 | -7% | -910% | 0.0% | 7.9 | USA |
| AMRS | 58 | 4.63 | 353 | -26% | -86% | 0.0% | ##### | USA |
| NBIX | 59 | 9.65 | 648 | -6% | -1645% | 0.0% | 5.0 | USA |
| CECO | 60 | 5.51 | 368 | -60% | -53% | 0.0% | 0.8 | USA |
| EXAS | 61 | 12.08 | 852 | -7% | -719% | 0.0% | 5.9 | USA |
| RPTP | 62 | 13.26 | 795 | -5% | -3120% | 0.0% | 22.1 | USA |
| TSRA | 63 | 19.75 | 1,068 | -13% | -170% | 3.6% | 2.1 | USA |
| CERS | 64 | 6.63 | 463 | -6% | -1304% | 0.0% | 13.0 | USA |
| TXMD | 65 | 5.24 | 688 | -4% | -49340% | 0.0% | 11.2 | USA |
| 66 | 12.83 | 1,050 | -4% | -50735% | 0.0% | 17.8 | USA | |
| CADX | 67 | 9.03 | 777 | -5% | -2132% | 0.0% | 22.6 | USA |
| 68 | 9.12 | 357 | -5% | -1481% | 0.0% | 15.7 | Israel | |
| 69 | 7.28 | 588 | -98% | -47% | 0.0% | 0.7 | Canada | |
| SSNI | 70 | 21.02 | 982 | -7% | -481% | 0.0% | - | USA |
| UNIS | 71 | 4.53 | 425 | -14% | -131% | 0.0% | 10.5 | USA |
| HPTX | 72 | 20.39 | 438 | -7% | -675% | 0.0% | 3.5 | USA |
| KPTI | 73 | 22.73 | 653 | -4% | -10585% | 0.0% | - | USA |
| VHC | 74 | 19.50 | 998 | -3% | -53854% | 0.0% | 25.3 | USA |
| SFXE | 75 | 10.97 | 930 | -5% | -994% | 0.0% | 99.7 | USA |
| BV | 76 | 7.85 | 589 | -8% | -265% | 0.0% | 2.6 | USA |
| ARRY | 77 | 5.01 | 589 | -7% | -449% | 0.0% | - | USA |
| VCYT | 78 | 15.31 | 320 | -6% | -797% | 0.0% | - | USA |
| WPRT | 79 | 19.62 | 1,114 | -13% | -116% | 0.0% | 4.1 | Canada |
| EPZM | 80 | 20.57 | 584 | -5% | -1179% | 0.0% | 6.7 | USA |
| ARAY | 81 | 8.56 | 639 | -9% | -151% | 0.0% | 6.7 | USA |
| SPPI | 82 | 8.48 | 525 | -5% | -1271% | 0.0% | 1.7 | USA |
| NKTR | 83 | 11.97 | 1,386 | -8% | -191% | 0.0% | - | USA |
| EOX | 84 | 7.44 | 318 | -22% | -38% | 0.0% | 1.6 | USA |
| ACTG | 85 | 14.48 | 703 | -7% | -254% | 2.6% | 1.2 | USA |
| IMGN | 86 | 14.62 | 1,243 | -6% | -581% | 0.0% | 10.4 | USA |
| THRX | 87 | 36.37 | 3,889 | -4% | -1756% | 0.0% | 11.8 | USA |
| AEGR | 88 | 73.56 | 2,137 | -3% | -4739% | 0.0% | 18.6 | USA |
| DANG | 89 | 9.42 | 757 | -8% | -150% | 0.0% | 7.9 | China |
| GEVA | 90 | 66.13 | 1,818 | -6% | -500% | 0.0% | 4.0 | USA |
| GNMK | 91 | 13.33 | 480 | -7% | -315% | 0.0% | 4.1 | USA |
| NLNK | 92 | 22.02 | 566 | -6% | -438% | 0.0% | 12.0 | USA |
| 93 | 3.95 | 365 | -8% | -189% | 0.0% | - | Israel | |
| 94 | 5.31 | 895 | -6% | -341% | 0.0% | 4.1 | USA | |
| TEAR | 95 | 10.11 | 323 | -5% | -561% | 0.0% | 7.9 | USA |
| BKS | 96 | 14.68 | 865 | -18% | -33% | 0.0% | 1.4 | USA |
| ICPT | 97 | 69.17 | 1,328 | -3% | -16810% | 0.0% | 14.6 | USA |
| RLYP | 98 | 25.16 | 721 | -5% | -653% | 0.0% | - | USA |
| INO | 99 | 2.50 | 480 | -4% | -817% | 0.0% | 7.8 | USA |
| JCP | 100 | 8.74 | 2,201 | -28% | -26% | 0.0% | 0.8 | USA |
| ABX | 101 | 18.15 | 18,168 | -22% | -28% | 2.7% | 1.3 | Canada |
| CLDX | 102 | 24.28 | 1,967 | -4% | -861% | 0.0% | 11.1 | USA |
| BEBE | 103 | 5.68 | 449 | -14% | -40% | 1.8% | 1.8 | USA |
| KWK | 104 | 3.35 | 576 | -15% | -38% | 0.0% | - | USA |
| SGMO | 105 | 13.56 | 743 | -4% | -1466% | 0.0% | 5.9 | USA |
| ECYT | 106 | 11.47 | 414 | -5% | -476% | 0.0% | 4.6 | USA |
| OSUR | 107 | 6.80 | 378 | -8% | -89% | 0.0% | 2.4 | USA |
| MNKD | 108 | 5.40 | 1,600 | -8% | -89% | 0.0% | - | USA |
| 109 | 9.16 | 719 | -16% | -28% | 0.0% | 2.1 | USA | |
| AIXG | 110 | 14.34 | 1,446 | -10% | -51% | 2.3% | 2.8 | Germany |
| HALO | 111 | 15.03 | 1,695 | -4% | -723% | 0.0% | - | USA |
| FIO | 112 | 9.40 | 939 | -9% | -59% | 0.0% | 2.0 | USA |
| ZLTQ | 113 | 18.34 | 664 | -3% | -986% | 0.0% | 10.4 | USA |
| OMED | 114 | 28.96 | 784 | -4% | -565% | 0.0% | 6.6 | USA |
| MFLX | 115 | 14.00 | 337 | -21% | -17% | 0.0% | 0.9 | USA |
| 116 | 12.84 | 1,530 | -16% | -23% | 0.0% | 1.7 | USA | |
| TNDM | 117 | 26.80 | 573 | -4% | -326% | 0.0% | - | USA |
| GIMO | 118 | 29.99 | 976 | -3% | -787% | 0.0% | - | USA |
| LAYN | 119 | 16.85 | 331 | -17% | -21% | 0.0% | 1.1 | USA |
| ATRS | 120 | 4.56 | 580 | -4% | -332% | 0.0% | 7.9 | USA |
| PBYI | 121 | 104.11 | 2,986 | -2% | -3755% | 0.0% | 31.5 | USA |
| HK | 122 | 3.67 | 1,441 | -17% | -15% | 0.0% | 0.8 | USA |
| MXL | 123 | 10.37 | 358 | -4% | -221% | 0.0% | 4.2 | USA |
| MUX | 124 | 2.10 | 626 | -18% | -14% | 0.0% | 0.8 | Canada |
| XPO | 125 | 28.03 | 679 | -7% | -58% | 0.0% | 1.6 | USA |
| MMYT | 126 | 20.39 | 768 | -4% | -335% | 0.0% | 7.5 | India |
| RALY | 127 | 19.48 | 475 | -4% | -224% | 0.0% | 5.9 | USA |
| CPST | 128 | 1.39 | 424 | -5% | -170% | 0.0% | 12.6 | USA |
| ACAD | 129 | 25.26 | 2,261 | -2% | -6725% | 0.0% | 12.5 | USA |
| LONG | 130 | 20.53 | 715 | -5% | -149% | 0.0% | 2.2 | China |
| 131 | 18.40 | 428 | -8% | -29% | 0.0% | 2.1 | USA | |
| 132 | 24.39 | 3,317 | -16% | -14% | 0.0% | 1.1 | USA | |
| AXDX | 133 | 11.59 | 461 | -2% | -974% | 0.0% | 10.3 | USA |
| DNN | 134 | 1.17 | 540 | -12% | -21% | 0.0% | 1.5 | Canada |
| ENTR | 135 | 4.74 | 432 | -7% | -40% | 0.0% | 1.5 | USA |
| ANGI | 136 | 13.07 | 763 | -4% | -196% | 0.0% | - | USA |
| WNRL | 137 | 27.70 | 1,264 | -7% | -48% | 0.0% | 7.8 | USA |
| MCP | 138 | 6.01 | 1,010 | -13% | -15% | 0.0% | 0.8 | USA |
| CSII | 139 | 32.99 | 817 | -3% | -270% | 0.0% | 12.5 | USA |
| 140 | 37.75 | 3,043 | -9% | -23% | 0.0% | - | USA | |
| WIX | 141 | 25.03 | 916 | -2% | -671% | 0.0% | - | Israel |
| KGC | 142 | 4.51 | 5,184 | -14% | -11% | 1.8% | 0.8 | Canada |
| MVG | 143 | 5.40 | 325 | -7% | -32% | 0.0% | 2.8 | Canada |
| ALNY | 144 | 63.14 | 3,941 | -2% | -511% | 0.0% | 13.2 | USA |
| FRP | 145 | 12.03 | 315 | -13% | -12% | 0.0% | - | USA |
| HMY | 146 | 2.61 | 1,130 | -19% | -7% | 2.2% | 0.4 | South Africa |
| AMAG | 147 | 23.93 | 519 | -3% | -355% | 0.0% | 3.0 | USA |
| LTXC | 148 | 8.46 | 405 | -6% | -42% | 0.0% | 2.1 | USA |
| MKTO | 149 | 41.22 | 1,527 | -3% | -302% | 0.0% | 12.2 | USA |
| ONVO | 150 | 10.90 | 793 | -2% | -1189% | 0.0% | 15.4 | USA |
| IPHI | 151 | 12.79 | 379 | -5% | -49% | 0.0% | 2.4 | USA |
| RNG | 152 | 17.98 | 1,092 | -3% | -201% | 0.0% | - | USA |
| 153 | 7.67 | 842 | -2% | -390% | 0.0% | - | USA | |
| XON | 154 | 23.50 | 2,152 | -3% | -303% | 0.0% | 3.4 | USA |
| 155 | 7.04 | 1,556 | -16% | -7% | 0.0% | 0.4 | USA | |
| EOPN | 156 | 24.16 | 629 | -2% | -405% | 0.0% | 31.0 | USA |
| NL | 157 | 11.64 | 567 | -5% | -52% | 4.3% | 1.4 | USA |
| 158 | 7.22 | 1,227 | -8% | -14% | 0.0% | 6.6 | USA | |
| CIE | 159 | 16.23 | 6,605 | -7% | -27% | 0.0% | 2.8 | USA |
| SHLD | 160 | 46.13 | 4,894 | -10% | -11% | 0.0% | 2.6 | USA |
| BCOV | 161 | 14.57 | 413 | -3% | -157% | 0.0% | 7.0 | USA |
| 162 | 17.92 | 651 | -5% | -35% | 0.0% | 2.4 | USA | |
| YOKU | 163 | 31.50 | 5,242 | -3% | -215% | 0.0% | 3.5 | China |
| OXFD | 164 | 19.50 | 320 | -3% | -136% | 0.0% | 22.7 | United Kingdom |
| PDCE | 165 | 49.98 | 1,670 | -9% | -12% | 0.0% | 1.8 | USA |
| AVID | 166 | 8.20 | 319 | -6% | -24% | 0.0% | 0.9 | USA |
| VCRA | 167 | 15.67 | 388 | -3% | -138% | 0.0% | 3.1 | USA |
| CARB | 168 | 12.60 | 331 | -4% | -56% | 0.0% | 31.5 | USA |
| NAT | 169 | 9.59 | 633 | -11% | -9% | 6.7% | 0.7 | Bermuda |
| PCRX | 170 | 56.32 | 1,879 | -3% | -106% | 0.0% | 38.3 | USA |
| PVA | 171 | 9.12 | 597 | -11% | -9% | 0.0% | 0.8 | USA |
| GDP | 172 | 16.53 | 607 | -8% | -12% | 0.0% | 2.8 | USA |
| ACCL | 173 | 9.58 | 533 | -3% | -85% | 0.0% | 2.2 | USA |
| GTAT | 174 | 9.32 | 1,139 | -4% | -39% | 0.0% | 5.1 | USA |
| 175 | 32.56 | 1,265 | -5% | -27% | 0.0% | 1.6 | USA | |
| ESIO | 176 | 10.27 | 308 | -7% | -14% | 3.1% | 1.2 | USA |
| TXTR | 177 | 30.98 | 710 | -3% | -95% | 0.0% | 4.5 | USA |
| 178 | 17.29 | 805 | -10% | -8% | 2.2% | 0.8 | USA | |
| FEYE | 179 | 57.02 | 6,698 | -2% | -260% | 0.0% | - | USA |
| HTWR | 180 | 95.98 | 1,578 | -3% | -78% | 0.0% | 8.2 | USA |
| COVS | 181 | 12.63 | 460 | -5% | -32% | 0.0% | 3.6 | USA |
| 182 | 4.07 | 365 | -8% | -10% | 0.0% | 1.1 | China | |
| 183 | 12.22 | 2,129 | -6% | -16% | 0.0% | 1.6 | Japan | |
| CALD | 184 | 13.10 | 506 | -3% | -119% | 0.0% | ##### | USA |
| CALX | 185 | 9.58 | 490 | -4% | -35% | 0.0% | 1.7 | USA |
| PFPT | 186 | 34.18 | 1,211 | -2% | -209% | 0.0% | 31.9 | USA |
| 187 | 14.26 | 786 | -2% | -107% | 0.0% | 4.0 | USA | |
| 188 | 3.69 | 429 | -7% | -10% | 0.0% | - | USA | |
| MY | 189 | 2.56 | 312 | -7% | -9% | 0.0% | 0.6 | China |
| SHOR | 190 | 9.34 | 556 | -3% | -89% | 0.0% | 3.5 | USA |
| TSL | 191 | 15.35 | 1,101 | -7% | -10% | 0.0% | 1.4 | China |
| XCO | 192 | 5.14 | 1,105 | -7% | -11% | 3.8% | 4.0 | USA |
| 193 | 13.09 | 504 | -4% | -25% | 0.0% | 3.3 | USA | |
| 194 | 12.49 | 907 | -3% | -69% | 0.0% | 9.7 | USA | |
| 195 | 49.69 | 1,215 | -1% | -296% | 0.0% | 14.4 | USA | |
| 196 | 3.04 | 849 | -3% | -60% | 0.0% | 2.6 | USA | |
| 197 | 59.36 | 672 | -3% | -43% | 0.1% | 4.8 | USA | |
| MDVN | 198 | 62.85 | 4,730 | -1% | -319% | 0.0% | 78.6 | USA |
| OPK | 199 | 8.58 | 3,094 | -2% | -203% | 0.0% | 3.6 | USA |
| TIVO | 200 | 13.30 | 1,819 | -2% | -158% | 0.0% | 2.8 | USA |
Posts
2 comments:
Yikes! I am freaking out here in Colorado. Look at number 174.
Karl N
I had not noticed that.
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