"Where everybody knows your name". Just like a bar has regulars, MFI has regulars. Some stocks seem to be on the list forever. Why is that?
Well, first you get on the list by doing well in two categories, (1) return on invested capital and (2) earnings yield. If a company has a high ROIC and their income is relatively stable, they will continue to have a high ROIC. This is also often a function of excess cash as that drives down the denominator (invested capital).
Secondly, companies that have pretty consistent earnings, but limited growth tend to have higher earnings yields as the market just isn't very excited about slow/no grow companies right now.
Here is a listing of every stock that has been on my tracking portfolios since start of 2014. So that is 57 months of 50 stocks over $100m. Obviously these are just month-end snapshots and stocks can come on and off in between month ends. But still it is a data point.
| Stock | Count | Pct | Cum Pct |
| AGX | 57 | 2.0% | 2.0% |
| CSCO | 57 | 2.0% | 4.0% |
| PDLI | 56 | 2.0% | 6.0% |
| GME | 49 | 1.7% | 7.7% |
| BKE | 45 | 1.6% | 9.3% |
| STRA | 44 | 1.5% | 10.8% |
| NSR | 43 | 1.5% | 12.3% |
| PBI | 42 | 1.5% | 13.8% |
| IDCC | 42 | 1.5% | 15.3% |
| USNA | 40 | 1.4% | 16.7% |
| UIS | 40 | 1.4% | 18.1% |
| DLX | 40 | 1.4% | 19.5% |
| RPXC | 38 | 1.3% | 20.8% |
| AAPL | 37 | 1.3% | 22.1% |
| CA | 37 | 1.3% | 23.4% |
| CPLA | 36 | 1.3% | 24.7% |
| VEC | 35 | 1.2% | 25.9% |
| VIAB | 35 | 1.2% | 27.1% |
| IQNT | 35 | 1.2% | 28.4% |
| PETS | 33 | 1.2% | 29.5% |
| APOL | 33 | 1.2% | 30.7% |
| HPQ | 32 | 1.1% | 31.8% |
| NHTC | 31 | 1.1% | 32.9% |
| SPOK | 30 | 1.1% | 33.9% |
| RGR | 29 | 1.0% | 34.9% |
| UTHR | 28 | 1.0% | 35.9% |
| DHX | 28 | 1.0% | 36.9% |
| GILD | 27 | 0.9% | 37.9% |
| TDC | 26 | 0.9% | 38.8% |
| LQDT | 26 | 0.9% | 39.7% |
| HRB | 26 | 0.9% | 40.6% |
| MSB | 25 | 0.9% | 41.5% |
| FLR | 24 | 0.8% | 42.3% |
| WTW | 24 | 0.8% | 43.2% |
| AVID | 24 | 0.8% | 44.0% |
| MCFT | 24 | 0.8% | 44.8% |
| MSGN | 23 | 0.8% | 45.6% |
| KING | 23 | 0.8% | 46.5% |
| KORS | 23 | 0.8% | 47.3% |
| MYGN | 23 | 0.8% | 48.1% |
| RTN | 22 | 0.8% | 48.8% |
| EBIX | 22 | 0.8% | 49.6% |
| ESI | 22 | 0.8% | 50.4% |
| ENTA | 21 | 0.7% | 51.1% |
| NOC | 21 | 0.7% | 51.9% |
| BPT | 21 | 0.7% | 52.6% |
| MSFT | 21 | 0.7% | 53.3% |
| HLF | 20 | 0.7% | 54.0% |
| SWHC | 20 | 0.7% | 54.7% |
| COH | 20 | 0.7% | 55.4% |
| BAH | 20 | 0.7% | 56.1% |
| SYNT | 19 | 0.7% | 56.8% |
| ICON | 19 | 0.7% | 57.5% |
| WILN | 18 | 0.6% | 58.1% |
| PFMT | 18 | 0.6% | 58.7% |
| ONE | 18 | 0.6% | 59.4% |
| bbsi | 18 | 0.6% | 60.0% |
| DEPO | 17 | 0.6% | 60.6% |
| BRCD | 17 | 0.6% | 61.2% |
| QCOR | 17 | 0.6% | 61.8% |
| BCOR | 16 | 0.6% | 62.4% |
| AMAG | 16 | 0.6% | 62.9% |
| IILG | 16 | 0.6% | 63.5% |
| OUTR | 15 | 0.5% | 64.0% |
| ACHI | 15 | 0.5% | 64.5% |
| AMCX | 15 | 0.5% | 65.1% |
| GHC | 15 | 0.5% | 65.6% |
| NATR | 15 | 0.5% | 66.1% |
| LFVN | 15 | 0.5% | 66.6% |
| TZOO | 14 | 0.5% | 67.1% |
| TGNA | 14 | 0.5% | 67.6% |
| QCOM | 14 | 0.5% | 68.1% |
| GTIV | 14 | 0.5% | 68.6% |
| TIVO | 14 | 0.5% | 69.1% |
| MBUU | 14 | 0.5% | 69.6% |
| nus | 14 | 0.5% | 70.1% |
| ATVI | 14 | 0.5% | 70.6% |
| CLCT | 13 | 0.5% | 71.0% |
| VCI | 13 | 0.5% | 71.5% |
| MPAA | 13 | 0.5% | 71.9% |
| LO | 13 | 0.5% | 72.4% |
| CHE | 13 | 0.5% | 72.8% |
| SCMP | 13 | 0.5% | 73.3% |
| PPC | 12 | 0.4% | 73.7% |
| ESRX | 12 | 0.4% | 74.1% |
| LPS | 12 | 0.4% | 74.6% |
| TTWO | 12 | 0.4% | 75.0% |
| CRUS | 12 | 0.4% | 75.4% |
| GNI | 11 | 0.4% | 75.8% |
| NSU | 11 | 0.4% | 76.2% |
| TRNC | 11 | 0.4% | 76.6% |
| NLNK | 11 | 0.4% | 76.9% |
| CALM | 11 | 0.4% | 77.3% |
| WNC | 10 | 0.4% | 77.7% |
| FPRX | 10 | 0.4% | 78.0% |
| GORO | 10 | 0.4% | 78.4% |
| BLBD | 10 | 0.4% | 78.7% |
| LCI | 10 | 0.4% | 79.1% |
| INTX | 10 | 0.4% | 79.4% |
| HSII | 10 | 0.4% | 79.8% |
| nath | 9 | 0.3% | 80.1% |
| BBY | 9 | 0.3% | 80.4% |
| UNTD | 9 | 0.3% | 80.7% |
| VDSI | 9 | 0.3% | 81.1% |
| VG | 9 | 0.3% | 81.4% |
| SPRT | 9 | 0.3% | 81.7% |
| APEI | 9 | 0.3% | 82.0% |
| EGL | 9 | 0.3% | 82.3% |
| VNCE | 9 | 0.3% | 82.6% |
| ANIK | 9 | 0.3% | 82.9% |
| TIME | 9 | 0.3% | 83.3% |
| OMC | 9 | 0.3% | 83.6% |
| CACI | 8 | 0.3% | 83.9% |
| NLS | 8 | 0.3% | 84.1% |
| TSRA | 8 | 0.3% | 84.4% |
| AOBC | 8 | 0.3% | 84.7% |
| PTIE | 8 | 0.3% | 85.0% |
| KFY | 7 | 0.2% | 85.2% |
| SSNI | 7 | 0.2% | 85.5% |
| FIT | 7 | 0.2% | 85.7% |
| AWRE | 7 | 0.2% | 86.0% |
| STX | 7 | 0.2% | 86.2% |
| MO | 7 | 0.2% | 86.5% |
| TNAV | 7 | 0.2% | 86.7% |
| SAI | 7 | 0.2% | 86.9% |
| CNVR | 7 | 0.2% | 87.2% |
| SQBG | 7 | 0.2% | 87.4% |
| PSDV | 7 | 0.2% | 87.7% |
| MNKD | 6 | 0.2% | 87.9% |
| LBMH | 6 | 0.2% | 88.1% |
| ADMS | 6 | 0.2% | 88.3% |
| AFOP | 6 | 0.2% | 88.5% |
| CF | 6 | 0.2% | 88.7% |
| STRZA | 6 | 0.2% | 88.9% |
| AGTC | 6 | 0.2% | 89.2% |
| CRTX | 6 | 0.2% | 89.4% |
| DELL | 6 | 0.2% | 89.6% |
| ITRN | 6 | 0.2% | 89.8% |
| RHI | 6 | 0.2% | 90.0% |
| AUXL | 5 | 0.2% | 90.2% |
| SPPI | 5 | 0.2% | 90.4% |
| XLS | 5 | 0.2% | 90.5% |
| DISCA | 5 | 0.2% | 90.7% |
| EGY | 5 | 0.2% | 90.9% |
| RAI | 5 | 0.2% | 91.1% |
| MIK | 5 | 0.2% | 91.2% |
| RCM | 5 | 0.2% | 91.4% |
| ETM | 5 | 0.2% | 91.6% |
| DNB | 5 | 0.2% | 91.8% |
| VVUS | 5 | 0.2% | 91.9% |
| INSY | 4 | 0.1% | 92.1% |
| VC | 4 | 0.1% | 92.2% |
| FRAN | 4 | 0.1% | 92.4% |
| GTAT | 4 | 0.1% | 92.5% |
| DIN | 4 | 0.1% | 92.6% |
| WCRX | 4 | 0.1% | 92.8% |
| PENN | 4 | 0.1% | 92.9% |
| CJREF | 4 | 0.1% | 93.1% |
| USMO | 4 | 0.1% | 93.2% |
| FFIV | 4 | 0.1% | 93.3% |
| LEE | 4 | 0.1% | 93.5% |
| GIB | 4 | 0.1% | 93.6% |
| SAIC | 4 | 0.1% | 93.8% |
| PCO | 4 | 0.1% | 93.9% |
| TPUB | 4 | 0.1% | 94.0% |
| NCMI | 4 | 0.1% | 94.2% |
| VA | 3 | 0.1% | 94.3% |
| EGRX | 3 | 0.1% | 94.4% |
| MCK | 3 | 0.1% | 94.5% |
| MANT | 3 | 0.1% | 94.6% |
| LDOS | 3 | 0.1% | 94.7% |
| DMRC | 3 | 0.1% | 94.8% |
| CHKE | 3 | 0.1% | 94.9% |
| MEET | 3 | 0.1% | 95.0% |
| PRSC | 3 | 0.1% | 95.1% |
| MDCA | 3 | 0.1% | 95.2% |
| DXM | 3 | 0.1% | 95.3% |
| FOXA | 3 | 0.1% | 95.4% |
| ABC | 3 | 0.1% | 95.5% |
| csgs | 3 | 0.1% | 95.6% |
| POZN | 3 | 0.1% | 95.8% |
| SMT | 3 | 0.1% | 95.9% |
| SRDX | 3 | 0.1% | 96.0% |
| KRFT | 3 | 0.1% | 96.1% |
| GPRO | 3 | 0.1% | 96.2% |
| UBNT | 3 | 0.1% | 96.3% |
| RECN | 3 | 0.1% | 96.4% |
| ENDP | 3 | 0.1% | 96.5% |
| SNDK | 3 | 0.1% | 96.6% |
| EVOL | 3 | 0.1% | 96.7% |
| NDZ | 3 | 0.1% | 96.8% |
| EXPR | 3 | 0.1% | 96.9% |
| IRMD | 3 | 0.1% | 97.0% |
| BWC | 3 | 0.1% | 97.1% |
| GHM | 2 | 0.1% | 97.2% |
| MD | 2 | 0.1% | 97.3% |
| IPG | 2 | 0.1% | 97.3% |
| NTI | 2 | 0.1% | 97.4% |
| CREG | 2 | 0.1% | 97.5% |
| ORCL | 2 | 0.1% | 97.5% |
| SALE | 2 | 0.1% | 97.6% |
| CARS | 2 | 0.1% | 97.7% |
| CTSH | 2 | 0.1% | 97.8% |
| NTIP | 2 | 0.1% | 97.8% |
| PDFS | 2 | 0.1% | 97.9% |
| CXRX | 2 | 0.1% | 98.0% |
| VGR | 2 | 0.1% | 98.0% |
| MED | 2 | 0.1% | 98.1% |
| AFAM | 2 | 0.1% | 98.2% |
| ABT | 2 | 0.1% | 98.2% |
| SAVE | 2 | 0.1% | 98.3% |
| BTH | 2 | 0.1% | 98.4% |
| BIIB | 2 | 0.1% | 98.5% |
| HFC | 2 | 0.1% | 98.5% |
| XENE | 2 | 0.1% | 98.6% |
| SVLC | 2 | 0.1% | 98.7% |
| NVDA | 2 | 0.1% | 98.7% |
| LEA | 2 | 0.1% | 98.8% |
| SYNA | 1 | 0.0% | 98.8% |
| PMTS | 1 | 0.0% | 98.9% |
| NCIT | 1 | 0.0% | 98.9% |
| KLIC | 1 | 0.0% | 98.9% |
| JCOM | 1 | 0.0% | 99.0% |
| AMGN | 1 | 0.0% | 99.0% |
| EXLS | 1 | 0.0% | 99.1% |
| REX | 1 | 0.0% | 99.1% |
| PII | 1 | 0.0% | 99.1% |
| MKSI | 1 | 0.0% | 99.2% |
| DGX | 1 | 0.0% | 99.2% |
| NVEC | 1 | 0.0% | 99.2% |
| SVU | 1 | 0.0% | 99.3% |
| DLB | 1 | 0.0% | 99.3% |
| MDP | 1 | 0.0% | 99.3% |
| GD | 1 | 0.0% | 99.4% |
| GNTX | 1 | 0.0% | 99.4% |
| TVL | 1 | 0.0% | 99.4% |
| BOJA | 1 | 0.0% | 99.5% |
| TVTY | 1 | 0.0% | 99.5% |
| PMD | 1 | 0.0% | 99.5% |
| TWX | 1 | 0.0% | 99.6% |
| POOSF | 1 | 0.0% | 99.6% |
| ENZN | 1 | 0.0% | 99.6% |
| EGOV | 1 | 0.0% | 99.7% |
| CSVI | 1 | 0.0% | 99.7% |
| KBR | 1 | 0.0% | 99.8% |
| CPIX | 1 | 0.0% | 99.8% |
| ACIA | 1 | 0.0% | 99.8% |
| BLC | 1 | 0.0% | 99.9% |
| AKRX | 1 | 0.0% | 99.9% |
| BODY | 1 | 0.0% | 99.9% |
| KLAC | 1 | 0.0% | 100.0% |
| SCSS | 1 | 0.0% | 100.0% |
So AGX and CSCO (both with a lot of excess cash) have been on all 57 lists.
Posts
No comments:
Post a Comment