Top 200 List - 2/8/2019

Top 200 List - 2/8/2019

Well, I felt like running a top 200 list this weekend, as earnings reports pile in.

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	Dividend Yield
SIGA	1	6.75	560	68%	71876%	0.00%
FNJN	2	3.11	135	55%	20682%	0.00%
LTRPA	3	17.38	1,304	95%	792%	0.00%
IMMR	4	9.86	303	26%	1811%	0.00%
AKG	5	0.71	160	22%	16301%	0.00%
BPT	6	23.36	500	20%	49074%	13.48%
CMCM	7	6.65	958	20%	921%	0.00%
ACOR	8	15.09	712	27%	335%	0.00%
UIS	9	12.67	655	30%	233%	0.00%
TVTY	10	21.42	917	13%	893%	0.00%
MSB	11	28.97	380	12%	21815%	#VALUE!
LEXEA	12	46.82	2,669	21%	152%	0.00%
HRB	13	23.91	4,914	13%	313%	4.14%
NKTR	14	44.89	7,752	12%	1729%	0.00%
IDCC	15	72.70	2,589	11%	2120%	1.94%
MOH	16	136.90	9,296	12%	381%	0.00%
MCFT	17	21.10	396	13%	247%	0.00%
FTSI	18	7.95	869	33%	102%	0.00%
YY	19	65.73	4,261	14%	190%	0.00%
CJREF	20	4.48	950	15%	155%	#VALUE!
EGY	21	1.74	106	33%	101%	0.00%
UTHR	22	116.48	5,125	20%	123%	0.00%
MSGN	23	22.88	1,732	12%	272%	0.00%
SJT	24	4.27	199	11%	422%	9.43%
VIAB	25	29.19	11,778	14%	148%	2.71%
PETS	26	22.48	461	14%	131%	4.75%
SQBG	27	1.02	65	13%	145%	0.00%
VIA	28	34.51	13,925	12%	148%	2.31%
WTW	29	28.64	2,014	10%	746%	0.00%
GME	30	11.35	1,160	29%	76%	13.25%
WU	31	18.01	8,022	10%	415%	4.15%
HEAR	32	15.98	259	16%	93%	0.00%
DFIN	33	15.49	530	12%	136%	0.00%
AGX	34	46.37	728	13%	119%	2.15%
PBT	35	6.90	322	10%	15329%	9.28%
BPI	36	8.86	244	14%	105%	0.00%
EAF	37	13.15	3,894	15%	95%	1.79%
VEC	38	25.14	287	15%	91%	0.00%
CASA	39	11.33	1,043	11%	162%	0.00%
HSII	40	31.89	619	11%	161%	1.85%
KLAC	41	105.60	16,120	11%	188%	2.69%
ATEYY	42	22.47	4,483	18%	76%	2.78%
LGORF	43	1.93	1,251	15%	88%	0.00%
SGH	44	28.04	652	24%	65%	0.00%
AEIS	45	49.58	1,914	12%	131%	0.00%
CO	46	6.45	717	52%	62%	1.24%
AMAT	47	39.78	39,144	12%	115%	1.74%
IPG	48	22.11	8,588	10%	176%	3.86%
TGS	49	15.91	2,504	12%	105%	3.28%
DHX	50	2.28	113	12%	100%	0.00%
HPQ	51	22.92	36,626	10%	197%	2.53%
SYX	52	23.54	892	12%	117%	1.86%
STX	53	45.02	12,921	12%	103%	0.00%
ALSN	54	47.42	6,212	10%	161%	1.25%
GPP	55	14.49	461	11%	133%	12.99%
BKE	56	17.55	853	21%	63%	5.69%
CTRA	57	61.27	636	25%	59%	0.00%
LRCX	58	175.30	28,428	11%	105%	2.18%
AMCX	59	62.15	3,591	12%	89%	0.00%
TGNA	60	11.67	2,525	11%	118%	2.39%
STRL	61	13.09	357	15%	65%	0.00%
SHI	62	47.78	5,173	31%	56%	9.91%
TPR	63	33.86	143	69%	63%	0.00%
CRT	64	11.85	71	11%	100%	11.66%
NLS	65	7.42	226	17%	63%	0.00%
THO	66	63.72	3,371	17%	63%	2.38%
QIWI	67	15.94	975	9%	422%	0.00%
OMC	68	74.70	16,875	9%	294%	3.22%
HCC	69	27.08	1,427	24%	56%	0.74%
ZAGG	70	11.11	317	17%	60%	0.00%
SP	71	34.49	780	9%	295%	0.00%
MU	72	38.58	45,293	36%	52%	0.00%
LPX	73	23.91	3,441	24%	53%	2.17%
MKSI	74	81.52	4,439	12%	72%	0.97%
CRTO	75	26.41	1,812	11%	86%	0.00%
VGR	76	11.38	1,588	9%	255%	13.72%
BBY	77	58.95	16,465	12%	78%	3.07%
BIIB	78	315.12	63,119	10%	142%	0.00%
MIK	79	12.83	2,137	13%	65%	0.00%
CECO	80	13.31	956	9%	234%	0.00%
MO	81	48.84	91,673	8%	498%	6.17%
WGO	82	28.63	911	14%	61%	1.44%
DXC	83	69.21	19,309	11%	86%	1.08%
MAN	84	79.69	4,965	15%	58%	2.54%
NVMI	85	24.27	698	11%	86%	0.00%
SNE	86	44.29	57,437	10%	102%	0.62%
CVS	87	65.01	66,440	11%	75%	3.06%
WDC	88	46.71	13,546	14%	60%	4.36%
PFMT	89	2.13	111	14%	61%	0.00%
KLIC	90	21.60	1,466	17%	54%	1.67%
LEA	91	148.00	9,561	16%	55%	1.90%
PBH	92	27.51	1,436	9%	153%	0.00%
TUSK	93	21.15	953	39%	47%	1.77%
EGOV	94	17.13	1,142	8%	482%	1.88%
AMGN	95	186.00	119,040	8%	213%	2.88%
MOMO	96	29.21	6,512	8%	944%	0.00%
NANO	97	29.06	711	12%	63%	0.00%
JILL	98	6.06	270	15%	53%	0.00%
CBS	99	49.56	18,783	10%	83%	0.00%
EME	100	64.79	3,793	11%	76%	0.48%
MTOR	101	20.23	1,770	14%	55%	0.00%
OSB	102	27.83	2,427	26%	44%	17.04%
KFY	103	46.23	2,600	10%	97%	0.88%
JAZZ	104	125.08	7,737	8%	228%	0.00%
CCE	105	-	-	32%	42%	0.00%
RTN	106	175.92	50,084	9%	135%	0.00%
GTN	107	16.17	1,432	11%	67%	0.00%
TARO	108	98.96	3,880	11%	63%	0.00%
ODP	109	3.09	1,743	14%	49%	3.20%
OMAB	110	44.21	2,174	8%	136%	3.69%
NTDOY	111	32.88	31,598	8%	166%	2.20%
BTI	112	35.15	80,529	8%	160%	7.56%
GNTX	113	19.77	5,184	11%	64%	2.20%
HUM	114	298.80	41,094	8%	179%	0.66%
USNA	115	108.51	2,654	8%	206%	0.00%
NCR	116	26.42	3,133	10%	79%	0.00%
VHI	117	3.06	1,047	22%	39%	2.61%
NATH	118	69.70	294	7%	452%	1.08%
ICHR	119	21.76	501	11%	56%	0.00%
CKHUY	120	9.97	38,461	14%	45%	3.76%
DMLP	121	17.04	550	10%	75%	10.95%
KRO	122	13.30	1,541	25%	36%	5.11%
MBUU	123	44.45	922	8%	142%	0.68%
PTN	124	0.75	154	7%	4532%	0.00%
TNET	125	45.97	3,337	7%	329%	0.00%
AAPL	126	170.41	813,410	8%	171%	0.00%
PBI	127	6.89	1,301	10%	65%	10.89%
BLBD	128	17.79	508	9%	87%	0.00%
REGI	129	26.35	1,199	22%	36%	0.00%
XRX	130	29.09	7,160	11%	55%	3.43%
SBH	131	17.57	2,126	12%	48%	0.00%
GENC	132	13.64	200	15%	39%	0.00%
AVP	133	2.50	1,106	12%	52%	0.00%
SBR	134	42.51	620	7%	21099%	24.04%
NCMI	135	7.14	553	8%	160%	9.53%
CDK	136	55.37	7,060	7%	297%	1.12%
LCI	137	8.52	333	17%	37%	0.00%
MAS	138	35.90	10,734	9%	69%	1.25%
KNMCY	139	41.74	5,732	10%	65%	2.12%
HOLI	140	20.42	1,251	15%	38%	0.88%
TSQ	141	6.03	168	11%	53%	4.98%
AE	142	40.13	169	21%	35%	2.19%
TER	143	37.54	6,814	8%	108%	0.98%
CC	144	36.36	6,613	15%	37%	2.30%
STLD	145	35.76	8,241	18%	35%	2.10%
AYI	146	125.56	5,035	9%	70%	0.41%
APEI	147	30.06	501	12%	45%	0.00%
SWKS	148	81.71	14,520	9%	64%	1.70%
FF	149	17.42	762	12%	44%	1.36%
CLCT	150	14.70	132	8%	124%	4.76%
HI	151	42.67	2,710	8%	131%	1.94%
MGLN	152	62.23	1,551	9%	69%	0.00%
JOUT	153	60.12	602	12%	41%	0.87%
YRD	154	10.39	649	37%	31%	2.69%
SVA	155	6.62	389	14%	36%	0.00%
CETV	156	3.23	856	10%	58%	0.00%
VSH	157	21.74	3,226	16%	35%	1.48%
SEDG	158	43.48	2,099	9%	71%	0.00%
FFIV	159	160.92	9,759	7%	349%	0.00%
FL	160	56.49	6,496	12%	41%	2.45%
NCS	161	8.14	540	17%	34%	0.00%
COHU	162	17.73	528	12%	42%	1.35%
SUPN	163	37.45	2,031	7%	2005%	0.00%
KBAL	164	15.23	569	10%	54%	1.95%
FUJHY	165	12.01	18,417	18%	33%	5.34%
JEC	166	65.73	9,437	8%	79%	0.92%
PATK	167	39.83	965	11%	44%	0.00%
GPS	168	24.90	9,636	14%	35%	0.00%
MCK	169	128.49	25,056	8%	74%	1.11%
DLPH	170	16.89	1,503	21%	31%	0.00%
CLF	171	11.83	3,670	12%	40%	0.47%
ATLKY	172	26.18	31,809	8%	120%	6.52%
CVGI	173	6.87	210	19%	31%	0.00%
OSK	174	75.63	5,453	12%	40%	1.31%
SGU	175	9.37	496	10%	50%	4.96%
GPRK	176	17.46	1,150	14%	35%	0.00%
NUE	177	59.82	18,571	15%	33%	2.57%
SERV	178	39.38	5,356	7%	221%	0.00%
WTI	179	4.57	635	14%	35%	0.00%
NVR	180	2,579.00	10,223	10%	52%	0.00%
ALV	181	73.72	6,443	11%	42%	3.32%
CSVI	182	57.25	796	7%	137%	2.34%
ACCO	183	8.69	920	12%	38%	2.76%
WNC	184	13.44	757	12%	38%	2.27%
FCN	185	68.40	2,651	8%	66%	0.00%
ATTO	186	4.00	300	14%	35%	#VALUE!
ANTM	187	304.20	80,370	7%	213%	0.98%
PLCE	188	86.63	1,429	11%	41%	2.31%
IMBBY	189	33.30	32,154	7%	140%	7.26%
SNA	190	153.08	8,664	10%	52%	2.23%
VC	191	73.48	2,168	11%	40%	0.00%
CSCO	192	47.19	217,735	6%	449%	2.80%
CIX	193	14.37	179	13%	35%	1.39%
EPC	194	42.34	2,291	10%	50%	0.00%
ORCL	195	51.03	194,782	7%	232%	1.51%
SIMO	196	40.60	1,464	9%	54%	2.96%
SAIC	197	71.38	3,084	7%	107%	1.77%
ABC	198	84.31	18,040	8%	92%	1.82%
CCRC	199	10.94	201	9%	52%	0.00%
DECK	200	141.06	4,147	9%	61%	0.00%

Here is how that compares to official top 50:

Ticker	Mkt Cap	Date	My Ranking	Price	EY	ROIC
ACOR	712	8-Feb	8	15.09	27%	335%
AEIS	1,903	8-Feb	45	49.58	12%	131%
ALSN	6,147	8-Feb	54	47.42	10%	161%
MO	91,673	8-Feb	81	48.84	8%	498%
AMCX	3,512	8-Feb	59	62.15	12%	89%
AMAT	38,467	8-Feb	47	39.78	12%	115%
AGX	722	8-Feb	34	46.37	13%	119%
AKG	161	8-Feb	5	0.71	22%	16301%
HRB	4,914	8-Feb	13	23.91	13%	313%
BPT	500	8-Feb	6	23.36	20%	49074%
BKE	860	8-Feb	56	17.55	21%	63%
CASA	961	8-Feb	39	11.33	11%	162%
CTRA	607	8-Feb	57	61.27	25%	59%
CJREF	950	8-Feb	20	4.48	15%	155%
FTSI	869	8-Feb	18	7.95	33%	102%
GME	1,160	8-Feb	30	11.35	29%	76%
EAF	3,821	8-Feb	37	13.15	15%	95%
HSII	604	8-Feb	40	31.89	11%	161%
HPQ	35,761	8-Feb	51	22.92	10%	197%
IDT	155	8-Feb	#N/A	#N/A	#N/A	#N/A
IMMR	304	8-Feb	4	9.86	26%	1811%
IDCC	2,519	8-Feb	15	72.70	11%	2120%
IPG	8,498	8-Feb	48	22.11	10%	176%
KLAC	15,984	8-Feb	41	105.60	11%	188%
LRCX	28,198	8-Feb	58	175.30	11%	105%
LGORF	1,011	8-Feb	43	1.93	15%	88%
LTRPA	1,305	8-Feb	3	17.38	95%	792%
TUSK	947	8-Feb	93	21.15	39%	47%
MCFT	395	8-Feb	17	21.10	13%	247%
MSB	380	8-Feb	11	28.97	12%	21815%
MSGN	1,713	8-Feb	23	22.88	12%	272%
NLS	224	8-Feb	65	7.42	17%	63%
NKTR	7,769	8-Feb	14	44.89	12%	1729%
OMC	16,793	8-Feb	68	74.70	9%	294%
PETS	465	8-Feb	26	22.48	14%	131%
STX	12,831	8-Feb	53	45.02	12%	103%
SIGA	542	8-Feb	1	6.75	68%	71876%
SGH	639	8-Feb	44	28.04	24%	65%
SP	773	8-Feb	71	34.49	9%	295%
STRL	354	8-Feb	61	13.09	15%	65%
SYX	877	8-Feb	52	23.54	12%	117%
TGNA	2,509	8-Feb	60	11.67	11%	118%
TVTY	858	8-Feb	10	21.42	13%	893%
HEAR	227	8-Feb	32	15.98	16%	93%
UIS	646	8-Feb	9	12.67	30%	233%
UTHR	5,479	8-Feb	22	116.48	20%	123%
VEC	283	8-Feb	38	25.14	15%	91%
VIAB	11,766	8-Feb	25	29.19	14%	148%
HCC	1,429	8-Feb	69	27.08	24%	56%
WTW	1,914	8-Feb	29	28.64	10%	746%

IDT continues to be the one I don't agree with.  I went to sec.gov and looked at their latest 10-Q and 10-K and I saw nothing their to suggest they are a top 50 company.  They do have a lot of cash for a company their size (71m) and they did have one oddball quarter where they earned $11m (normal quarters are 1 or 2 million).  So that one weird quarter seems to be driving their inclusion.  But even though they have a lot of cash, I don't show it as "excess" as I show them with a lot of current liabilities to offset the cash.  I suspect the difference is they have a category called "liabilities held for sale", that Fidelity puts in "other current liability" bucket, but SEC has split out.  I don't think MFI (for whatever reason (it is not a liability I recognize) is counting that against their liabilities.  If you remove that in my worksheet,  that would move them up a few slots (but not into top 50).  Hmmm. Don't know.