As I mentioned the other day, I just have 5 weeks left on March 31st, 2015 Formula tranche. Here are the five stocks as they come down the stretch:
|3/31/2015||Start||Current||Dividend||Pct Gain||R3K Gain|
To have a shot at flat as of this point in time seems pretty good. The KING buyout and then deciding not to sell and reinvest was a good call.
As a reminder, my Formula approach is to take the top 50 stocks greater than $100m market cap from the official screen. I then get a subset comprised of stocks greater than $600m market cap and a yield of 2.4% or greater.
Looking at the stocks I got - one will quickly note that neither PPC or KING paid me a dividend. They were both picked because of special dividends. My analysis so far had showed that stocks that pay special dividends do pretty well and again, at least here, that was a good call as both are in the black.
My formula approach does allow me to discard a single stock. This has generally been PDLI as I knew their royalty stream was diminishing. A discard (at least to me) is becoming less obvious. At 12/31 I discarded OUTR. So far that has also been a good call as it is off 15%. I am very unsure of my ability to always pick a stock to discard - I may not if it is not clear.
Not a long list. Dropping market cap restriction to 500m adds more names: