Seven Trading Days Left
My 12/31/14 MFI formula tranche has a mere 7 trading days left. While MFI formula has not been a runaway success so far with real $, this tranche looks to finish a winner. It is up 9.6%, versus -1.2% for benchmark. However, it is entirely RGR (up 76%), the other four names are in the red.
What is interesting is how many names are now qualifying for MFI formula. Recall my rules are take top 50>100 million. Then pick stocks with a yield greater than 2.4% and market cap greater than $600 million. Recall a year ago, the list was sparse and we had many repeaters quarter by quarter.
Now there are 16 names on the list, I think it is a sign that the market is generally cheaper than a year ago. More stocks get over the threshold as their stock price drops. It may also be that value/dividend stocks are a bit out of favor right now. Here are the 16:
CA, CSCO and GME are in the expiring portfolio. We'll see if they get picked again.