MFI Meanderings

Random Thoughts

If I were picking my upcoming April 1st Formula tranche, here are what my options would be:

Number	Ticker	Market Cap	Price	Dividend	Yield
1	HRB	8,841	32.12	0.80	2.5%
2	BKE	2,319	47.93	3.66	7.6%
3	CA	13,899	31.71	1.00	3.2%
4	CSCO	147,720	28.93	0.76	2.6%
5	GME	4,389	40.16	1.44	3.6%
6	KING	4,656	14.46	1.40	9.7%
7	MSFT	348,115	42.36	1.18	2.8%
8	PDLI	1,080	6.70	0.60	9.0%
9	PPC	6,845	26.43	5.77	21.8%
10	PBI	4,442	22.10	0.75	3.4%

So while I have BKE, CA, CSCO & GME in my two open tranches, I will have a chance (it seems) at some new names.  I will definitely drop PDLI, I did some research on them and they are like GNI a year ago or so.  The income will be drying up soon.

MFI Index

Here are the 50 stocks in my MFI Index. It has been a struggle in 2015.

Index	Stock	Start	27-Feb	Current	YTD Change	March          Change
1	ADMS	17.37	17.28	16.86	-2.9%	-2.4%
2	AFOP	14.51	16.40	17.65	21.6%	7.6%
3	ANIK	40.74	39.92	39.63	-2.7%	-0.7%
4	APOL	34.11	27.65	27.06	-20.7%	-2.1%
5	AGX	33.64	32.43	31.63	-6.0%	-2.5%
6	AVID	14.21	15.68	15.70	10.5%	0.1%
7	AWRE	4.54	4.52	4.52	-0.4%	0.0%
8	BCOR	13.85	14.82	14.39	3.9%	-2.9%
9	BKE	52.52	53.30	50.93	-3.0%	-4.4%
10	CA	30.45	32.77	31.96	5.0%	-2.5%
11	CSCO	27.82	29.70	29.12	4.7%	-2.0%
12	COH	37.56	43.55	41.77	11.2%	-4.1%
13	DLX	62.25	66.85	64.14	3.0%	-4.1%
14	DEPO	16.11	21.95	23.44	45.5%	6.8%
15	EBIX	16.99	26.36	25.25	48.6%	-4.2%
16	FLR	60.63	58.21	57.50	-5.2%	-1.2%
17	GME	33.80	36.97	40.16	18.8%	8.6%
18	GORO	3.38	3.48	3.18	-5.9%	-8.6%
19	ONE	4.21	3.30	2.86	-32.1%	-13.3%
20	IQNT	19.63	14.90	15.74	-19.8%	5.6%
21	IDCC	52.90	53.07	52.27	-1.2%	-1.5%
22	IILG	20.89	27.00	25.50	22.1%	-5.6%
23	ITRN	22.04	23.04	22.54	2.3%	-2.2%
24	KING	15.36	14.85	15.40	0.3%	3.7%
25	LCI	42.88	62.40	63.20	47.4%	1.3%
26	LFVN	1.30	0.98	0.80	-38.5%	-18.4%
27	LQDT	8.17	9.88	9.69	18.6%	-1.9%
28	MSB	17.28	18.07	17.99	4.1%	-0.4%
29	NHTC	11.45	13.05	15.65	36.7%	19.9%
30	NSR	27.80	26.52	22.08	-20.6%	-16.7%
31	NUS	43.70	54.53	54.66	25.1%	0.2%
32	PDLI	7.71	6.98	6.70	-13.1%	0.0%
33	PFMT	6.65	5.25	4.23	-36.4%	-19.4%
34	PETS	14.37	15.56	15.39	7.1%	-1.1%
35	PBI	24.37	23.36	22.29	-8.5%	-4.6%
36	RPXC	13.78	14.58	14.23	3.3%	-2.4%
37	SPOK	17.36	18.59	17.36	0.0%	-6.6%
38	STRA	74.28	60.87	59.77	-19.5%	-1.8%
39	RGR	34.63	51.96	55.18	59.3%	6.2%
40	TTWO	28.03	26.49	24.81	-11.5%	-6.3%
41	TDC	43.68	44.52	42.89	-1.8%	-3.7%
42	TZOO	12.62	10.08	9.77	-22.6%	-3.1%
43	TPUB	22.90	21.50	18.19	-20.6%	-15.4%
44	UBNT	29.64	31.64	31.38	5.9%	-0.8%
45	UIS	29.48	22.64	23.77	-19.4%	5.0%
46	USNA	102.59	100.01	98.80	-3.7%	-1.2%
47	VEC	27.40	31.81	31.35	14.4%	-1.4%
48	VIAB	75.25	69.94	70.32	-6.6%	0.5%
49	WTW	24.84	11.33	9.47	-61.9%	-16.4%
50	WILN	2.99	2.64	2.56	-14.4%	-3.0%
	Total	19,816			0.4%

You can see that 6 of the 50 stocks are down double digits just in March.

Dogs of MFI

My study last week showed that MFI stocks from a year ago that dropped 30% or more and were still on the list had better than average prospects going forward.  Here are stocks from my March 2014 tracking portfolio that are down 30% or more:

Stock	End Price	Percent Change	52 week low
ESI	7.47	-73%	3.66
PTIE	1.82	-68%	1.61
LQDT	9.69	-63%	7.32
WTW	9.47	-54%	9.36
PFMT	4.23	-54%	3.65
HLF	32.69	-41%	27.60
NSR	22.08	-34%	20.32
NUS	54.31	-33%	38.12
SPRT	1.74	-30%	1.63

LQDT, PFMT & NSR are down 30% or more and still on the list.  Whew!  It would take some moxie to buy any of those.