Top 200 List 12/27/18

Top 200 List 12/27/18

Well, I felt like running a top 200 list this morning.  We've been in/near bear territory, so some stocks are probably starting to look like pretty good buys.  I am also going to compare this run with run I did 2 weeks ago, just to see what changed.

This is my version of the official magic formula screener from Joel Greenblatt's book.  I believe I come very close to matching the actual calculations.  When I first developed this, the official screen gave more earnings yield and ROIC data - so that is a large reason for confidence.

The formula details can be found in my blog post "The Calculation" if you want to see more.  I had a lot of help developing it from people on the Yahoo MFI board back in the day.  Also Randy Harmelink, of SMF fame, helped me automate workbook once the formulae were all working well.

I do give more info than official site.  I use Fidelity for data source and they use Compustat, so that matches what official website uses.  I do provide earnings yield and ROIC.  I also typically have more names as I do not throw out as many non-US firms and I keep some insurers and investment firms.

Ticker	Rank	Stock Price	Market Cap	Earnings Yield	ROIC
SIGA	1	7.08	587	64%	71876%
FNJN	2	2.37	135	55%	20682%
NHTC	3	19.29	218	32%	3713%
IMMR	4	8.82	271	32%	1811%
LTRPA	5	15.82	1,187	105%	792%
AKG	6	0.58	131	27%	16301%
BPT	7	19.76	423	23%	49074%
CMCM	8	6.41	923	22%	921%
ACOR	9	15.68	740	26%	335%
NKTR	10	32.78	5,661	17%	1729%
UIS	11	11.31	585	32%	233%
MSB	12	23.65	310	15%	21815%
MOH	13	114.76	7,792	15%	381%
IDCC	14	64.93	2,312	13%	2120%
CJREF	15	3.20	674	17%	207%
DLX	16	38.90	1,821	14%	336%
LEXEA	17	39.28	2,239	23%	152%
YY	18	60.45	3,919	16%	190%
MCFT	19	18.62	349	14%	247%
UTHR	20	105.85	4,657	22%	123%
EGOV	21	12.43	828	13%	411%
FTSI	22	6.77	740	37%	102%
EGY	23	1.38	84	42%	101%
BPI	24	6.78	187	28%	105%
TVTY	25	24.77	1,061	12%	893%
HRB	26	24.84	5,105	12%	313%
AGX	27	37.86	594	19%	119%
PBT	28	5.87	274	11%	15329%
AEIS	29	41.42	1,623	17%	124%
VIAB	30	26.27	10,595	14%	141%
MSGN	31	23.03	1,743	12%	272%
DHX	32	1.41	71	18%	108%
KLAC	33	86.05	13,431	13%	205%
GILD	34	63.22	82,629	12%	255%
AMAT	35	30.64	30,150	15%	115%
LRCX	36	130.84	21,631	15%	110%
VIA	37	29.15	11,756	14%	141%
SQBG	38	0.70	45	13%	145%
GME	39	12.40	1,267	27%	76%
HEAR	40	14.57	236	17%	93%
VEC	41	20.94	239	18%	91%
PETS	42	23.71	487	14%	126%
DFIN	43	13.78	471	13%	136%
EAF	44	11.62	3,441	16%	95%
HSII	45	30.55	593	12%	161%
QIWI	46	13.88	849	10%	422%
WDC	47	36.93	11,005	21%	76%
STX	48	37.91	11,070	14%	109%
ESIO	49	29.95	1,077	13%	120%
TUP	50	32.23	1,592	14%	102%
TGS	51	13.61	2,142	14%	105%
UEPS	52	4.48	251	22%	73%
WU	53	17.01	7,637	10%	416%
HPQ	54	20.33	32,487	11%	197%
DXC	55	52.13	14,898	15%	91%
CO	56	6.03	670	104%	62%
INVA	57	16.74	1,898	10%	369%
IPG	58	20.35	7,904	11%	176%
SP	59	28.52	645	10%	295%
CECO	60	11.43	821	10%	234%
ALSN	61	42.83	5,611	11%	161%
MOMO	62	24.22	5,400	10%	944%
TPR	63	33.89	143	69%	63%
MKSI	64	61.57	3,384	17%	72%
STRL	65	10.53	287	19%	65%
THO	66	50.48	2,670	22%	63%
CELG	67	62.50	44,981	10%	356%
SGH	68	28.88	672	20%	63%
LGORF	69	2.08	1,348	14%	88%
NANO	70	26.93	659	16%	72%
GPP	71	13.76	438	11%	133%
SHI	72	43.83	4,745	35%	56%
AMCX	73	53.87	3,113	13%	89%
ZAGG	74	9.10	260	20%	60%
BKE	75	19.27	937	18%	63%
SYX	76	23.60	894	11%	117%
CRTO	77	23.34	1,602	13%	86%
HCC	78	23.91	1,260	27%	56%
KLIC	79	19.37	1,330	23%	57%
VGR	80	9.66	1,348	10%	255%
PFMT	81	1.45	76	18%	61%
KORS	82	37.76	5,728	14%	76%
SJT	83	5.05	235	9%	422%
TGNA	84	10.92	2,363	11%	118%
BBY	85	51.57	14,404	13%	78%
NVMI	86	21.92	631	13%	86%
CASA	87	12.44	1,145	10%	162%
MU	88	30.89	36,265	45%	52%
WGO	89	23.14	736	17%	61%
OMC	90	71.59	16,172	9%	294%
MO	91	48.43	91,194	9%	509%
LPX	92	21.53	3,098	27%	53%
MAN	93	65.16	4,235	18%	58%
MBUU	94	33.99	705	10%	142%
KFY	95	39.63	2,229	12%	97%
CRT	96	11.88	71	11%	100%
SBR	97	33.97	495	9%	21099%
TARO	98	84.96	3,331	15%	63%
SNE	99	47.62	61,742	11%	113%
LEA	100	120.65	7,947	19%	54%
FUJHY	101	10.51	16,116	33%	49%
TUSK	102	18.16	819	45%	47%
MTOR	103	17.26	1,536	16%	56%
MD	104	32.85	3,001	9%	166%
CBS	105	43.37	16,437	11%	83%
ICHR	106	15.61	385	15%	55%
MIK	107	13.58	2,262	13%	65%
JILL	108	5.15	229	16%	53%
EME	109	60.09	3,518	11%	76%
OSB	110	25.69	2,240	28%	44%
SWKS	111	66.71	12,021	12%	67%
CVS	112	65.41	66,849	11%	75%
BIIB	113	295.17	59,595	10%	122%
OMAB	114	39.22	1,929	10%	136%
CCE	115	-	-	32%	42%
GENC	116	11.17	164	26%	42%
ODP	117	2.49	1,404	16%	49%
HUM	118	282.61	39,192	9%	189%
PTN	119	0.68	139	8%	4532%
GTN	120	14.63	1,296	11%	67%
SEDG	121	35.29	1,704	11%	71%
DMLP	122	15.01	485	11%	75%
WTW	123	42.35	2,979	8%	746%
NLS	124	10.48	319	12%	63%
PBH	125	31.11	1,622	9%	157%
VHI	126	1.98	677	27%	39%
JAZZ	127	122.17	7,557	8%	228%
MCK	128	110.78	22,045	9%	107%
TNET	129	41.61	3,021	8%	329%
CDK	130	46.16	6,019	8%	447%
AVP	131	1.50	663	14%	52%
PM	132	66.86	103,967	9%	138%
NATH	133	63.57	269	8%	528%
BTI	134	31.87	73,014	9%	160%
TER	135	30.49	5,808	10%	96%
KRO	136	11.27	1,306	30%	36%
AAPL	137	157.17	761,889	8%	171%
DNB	138	141.50	5,278	8%	1574%
HOLI	139	17.19	1,053	20%	38%
AMGN	140	187.86	121,921	8%	177%
CKHUY	141	9.68	37,342	14%	45%
SUPN	142	32.37	1,756	8%	2005%
HI	143	37.98	2,416	9%	128%
LCI	144	4.78	180	20%	37%
FF	145	15.66	685	14%	44%
REGI	146	25.07	1,141	23%	36%
CAG	147	21.43	8,446	10%	70%
PBI	148	5.99	1,129	10%	68%
RTN	149	149.49	42,754	9%	97%
XRX	150	19.70	5,005	13%	48%
COHU	151	15.46	460	15%	42%
CLF	152	8.02	2,488	16%	40%
SBH	153	17.24	2,076	12%	51%
APEI	154	27.40	456	14%	45%
RHI	155	55.98	6,798	9%	115%
GNTX	156	19.98	5,347	10%	64%
BLBD	157	16.45	470	9%	87%
JEC	158	57.86	8,227	9%	84%
CC	159	27.46	4,994	18%	37%
AE	160	38.15	161	25%	35%
COHR	161	102.76	2,517	15%	40%
TSQ	162	4.11	115	12%	53%
MAS	163	28.57	8,742	10%	62%
VSM	164	26.71	2,933	11%	57%
CLCT	165	10.26	92	9%	96%
ATLKY	166	22.96	27,896	9%	120%
AYI	167	110.74	4,441	10%	68%
PATK	168	28.98	702	13%	44%
EBIX	169	43.79	1,385	8%	314%
MGLN	170	56.13	1,399	10%	69%
NCMI	171	6.48	502	8%	160%
ANTM	172	259.40	68,845	8%	219%
ALV	173	71.45	6,245	13%	44%
YRD	174	10.36	647	37%	31%
GPRK	175	12.34	813	18%	35%
SIMO	176	35.01	1,266	12%	48%
CTSH	177	62.36	36,169	9%	96%
FL	178	51.58	5,932	13%	41%
CSVI	179	49.70	692	8%	129%
ABBV	180	89.04	134,896	7%	416%
CSCO	181	42.47	195,957	7%	449%
KNMCY	182	41.11	5,646	10%	65%
NCS	183	7.26	482	17%	35%
IPGP	184	114.23	6,248	11%	51%
CAH	185	44.57	13,638	9%	69%
ORCL	186	44.59	170,200	8%	232%
OSK	187	60.21	4,441	13%	40%
TLYS	188	10.75	323	16%	35%
VC	189	63.74	1,880	13%	40%
LB	190	26.16	7,194	12%	44%
ACCO	191	6.52	690	14%	38%
DLPH	192	14.34	1,276	23%	31%
ABC	193	73.04	15,886	9%	93%
UTMD	194	75.78	284	8%	123%
KBAL	195	14.45	540	11%	54%
CVGI	196	5.68	174	22%	31%
KBR	197	15.00	2,115	8%	170%
SAIC	198	62.07	2,681	8%	107%
PMD	199	14.15	79	11%	52%
EPC	200	37.60	2,038	10%	53%

Comparison of Top 100 From Two Weeks Ago

Rank	Stock	EY	Stock2	EY3
1	SIGA	71.8%	SIGA	64.3%
2	FNJN	55.0%	FNJN	55.0%
3	IMMR	33.6%	NHTC	32.2%
4	NHTC	23.4%	IMMR	31.6%
5	AKG	22.2%	LTRPA	104.8%
6	CMCM	20.3%	AKG	27.2%
7	BPT	17.0%	BPT	23.3%
8	ACOR	24.8%	CMCM	22.2%
9	UIS	30.4%	ACOR	26.0%
10	NKTR	14.6%	NKTR	16.9%
11	AGX	18.8%	UIS	32.4%
12	MSB	13.7%	MSB	15.5%
13	CJREF	16.5%	MOH	14.5%
14	LEXEA	21.9%	IDCC	13.4%
15	DLX	13.4%	CJREF	17.3%
16	EGOV	12.3%	DLX	14.3%
17	IDCC	11.3%	LEXEA	22.6%
18	UTHR	20.6%	YY	16.1%
19	YY	13.8%	MCFT	14.0%
20	FTSI	34.1%	UTHR	22.1%
21	EGY	35.5%	EGOV	12.5%
22	MCFT	12.5%	FTSI	37.2%
23	MOH	11.5%	EGY	41.9%
24	AEIS	16.3%	BPI	28.3%
25	HRB	11.3%	TVTY	11.7%
26	PBT	10.2%	HRB	12.5%
27	BPI	17.9%	AGX	19.1%
28	MSGN	11.3%	PBT	11.3%
29	VIAB	13.5%	AEIS	16.7%
30	TVTY	10.4%	VIAB	14.4%
31	PETS	14.1%	MSGN	11.8%
32	KLAC	11.5%	DHX	17.9%
33	DHX	15.4%	KLAC	12.6%
34	SQBG	12.9%	GILD	11.7%
35	LRCX	14.4%	AMAT	15.3%
36	AMAT	13.7%	LRCX	15.3%
37	GILD	10.9%	VIA	13.6%
38	VIA	12.8%	SQBG	13.1%
39	ESIO	13.4%	GME	27.3%
40	GME	25.9%	HEAR	17.1%
41	VEC	16.6%	VEC	17.6%
42	SJT	10.0%	PETS	13.6%
43	SP	10.2%	DFIN	13.2%
44	STX	13.3%	EAF	15.9%
45	DFIN	12.1%	HSII	12.0%
46	WDC	19.5%	QIWI	10.4%
47	TUP	13.3%	WDC	20.8%
48	ALSN	11.2%	STX	13.8%
49	UEPS	20.1%	ESIO	13.3%
50	QIWI	9.7%	TUP	14.2%
51	INVA	9.8%	TGS	14.0%
52	LEE	14.9%	UEPS	22.4%
53	WU	9.7%	WU	10.3%
54	CO	118.2%	HPQ	11.2%
55	DXC	13.8%	DXC	15.0%
56	HPQ	10.3%	CO	104.3%
57	TGS	12.2%	INVA	10.2%
58	HSII	10.5%	IPG	11.1%
59	MOMO	9.1%	SP	10.3%
60	TPR	69.3%	CECO	10.5%
61	GPP	10.9%	ALSN	11.2%
62	STRL	18.0%	MOMO	9.7%
63	MKSI	15.1%	TPR	69.3%
64	THO	19.7%	MKSI	16.9%
65	SGH	19.1%	STRL	19.1%
66	AMCX	12.6%	THO	22.0%
67	SHI	34.0%	CELG	9.9%
68	OMAB	10.5%	SGH	20.4%
69	NANO	14.0%	LGORF	13.8%
70	BKE	18.1%	NANO	15.7%
71	KORS	13.4%	GPP	11.3%
72	ZAGG	19.3%	SHI	35.4%
73	CRTO	12.5%	AMCX	13.3%
74	HCC	26.6%	ZAGG	20.4%
75	KLIC	22.2%	BKE	18.3%
76	CELG	9.0%	SYX	11.5%
77	PFMT	17.8%	CRTO	13.3%
78	IPG	9.7%	HCC	26.9%
79	MU	35.9%	KLIC	23.1%
80	LPX	27.6%	VGR	9.7%
81	VGR	9.0%	PFMT	18.3%
82	OMC	8.8%	KORS	13.7%
83	TGNA	10.2%	SJT	9.3%
84	WGO	16.9%	TGNA	11.1%
85	MAN	16.8%	BBY	13.4%
86	MO	8.4%	NVMI	12.5%
87	BBY	11.8%	CASA	10.3%
88	MTOR	16.3%	MU	44.8%
89	LEA	18.8%	WGO	16.6%
90	FUJHY	30.9%	OMC	9.4%
91	CECO	8.8%	MO	9.2%
92	TARO	13.2%	LPX	27.2%
93	NVMI	11.0%	MAN	18.4%
94	ESRX	8.1%	MBUU	10.4%
95	TUSK	37.8%	KFY	11.5%
96	ICHR	14.8%	CRT	11.4%
97	SNE	9.8%	SBR	8.6%
98	MIK	12.1%	TARO	14.5%
99	JILL	15.9%	SNE	10.7%
100	KFY	10.1%	LEA	19.4%

So the average EY two weeks ago was 18.5% and it is now 20.0%.  So commiserate with recent stock market drop,  The median 5 (a more stable statistic) two weeks ago was 13.8% and now is 14.6%.  Again, definitely cheaper.

Versus Current Top 50 List

Ticker	Mkt Cap	Date	My Ranking	Price	EY	ROIC
ACOR	740	26-Dec	9	15.68	26%	335%
AEIS	1,604	26-Dec	29	41.42	17%	124%
ALSN	5,552	26-Dec	61	42.83	11%	161%
AMAT	29,568	26-Dec	35	30.64	15%	115%
AGX	590	26-Dec	27	37.86	19%	119%
AKG	131	26-Dec	6	0.58	27%	16301%
HRB	5,105	26-Dec	26	24.84	12%	313%
BPT	423	26-Dec	7	19.76	23%	49074%
CECO	797	26-Dec	60	11.43	10%	234%
CASA	1,056	26-Dec	87	12.44	10%	162%
CELG	43,681	26-Dec	67	62.50	10%	356%
CJREF	678	26-Dec	15	3.20	17%	207%
DLX	1,801	26-Dec	16	38.90	14%	336%
DXC	14,663	26-Dec	55	52.13	15%	91%
ESIO	1,039	26-Dec	49	29.95	13%	120%
FTSI	740	26-Dec	22	6.77	37%	102%
GME	1,267	26-Dec	39	12.40	27%	76%
GILD	81,933	26-Dec	34	63.22	12%	255%
EAF	3,376	26-Dec	44	11.62	16%	95%
HSII	579	26-Dec	45	30.55	12%	161%
HPQ	31,633	26-Dec	54	20.33	11%	197%
IDT	143	26-Dec	#N/A	#N/A	#N/A	#N/A
IMMR	272	26-Dec	4	8.82	32%	1811%
INVA	1,898	26-Dec	57	16.74	10%	369%
IDCC	2,250	26-Dec	14	64.93	13%	2120%
IPG	7,822	26-Dec	58	20.35	11%	176%
KLAC	13,172	26-Dec	33	86.05	13%	205%
LRCX	20,993	26-Dec	36	130.84	15%	110%
LGORF	1,090	26-Dec	69	2.08	14%	88%
LTRPA	1,187	26-Dec	5	15.82	105%	792%
MCFT	349	26-Dec	19	18.62	14%	247%
MSB	310	26-Dec	12	23.65	15%	21815%
MSGN	1,723	26-Dec	31	23.03	12%	272%
NHTC	219	26-Dec	3	19.29	32%	3713%
NKTR	5,673	26-Dec	10	32.78	17%	1729%
EGOV	815	26-Dec	21	12.43	13%	411%
OMC	16,093	26-Dec	90	71.59	9%	294%
PETS	490	26-Dec	42	23.71	14%	126%
STX	10,847	26-Dec	48	37.91	14%	109%
SIGA	569	26-Dec	1	7.08	64%	71876%
SP	640	26-Dec	59	28.52	10%	295%
STRL	285	26-Dec	65	10.53	19%	65%
TVTY	992	26-Dec	25	24.77	12%	893%
TUP	1,566	26-Dec	50	32.23	14%	102%
HEAR	207	26-Dec	40	14.57	17%	93%
UIS	577	26-Dec	11	11.31	32%	233%
UTHR	4,979	26-Dec	20	105.85	22%	123%
VEC	236	26-Dec	41	20.94	18%	91%
VIAB	10,589	26-Dec	30	26.27	14%	141%
WDC	10,673	26-Dec	47	36.93	21%	76%

IDT seems to be the one missing.  I have them at #320, not sure what the difference is?