Comments on: Consistent Cash Creators Value Screen – April 20, 2010 http://www.fatpitchfinancials.com/1905/consistent-cash-creators-value-screen-april-20-2010/ Special situation stocks and value investing Tue, 07 Feb 2012 02:35:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Joe http://www.fatpitchfinancials.com/1905/consistent-cash-creators-value-screen-april-20-2010/comment-page-1/#comment-454790 Joe Sun, 28 Nov 2010 02:58:13 +0000 http://www.fatpitchfinancials.com/?p=1905#comment-454790 George, you can use the Keelix backtester to backtest this strategy back to 1998. George, you can use the Keelix backtester to backtest this strategy back to 1998.

]]> By: George http://www.fatpitchfinancials.com/1905/consistent-cash-creators-value-screen-april-20-2010/comment-page-1/#comment-453626 George Sun, 02 May 2010 22:03:43 +0000 http://www.fatpitchfinancials.com/?p=1905#comment-453626 Ethan - Thanks for pointing out the issue with excluding financial companies. Does anyone know where I can find an S&P 500 index returns excluding financials? I also plan on test the Consistent Cash Creators screen before the financial crisis. I'm almost done with 2007 and then I'll work on 2006. Stay tuned. Ethan – Thanks for pointing out the issue with excluding financial companies. Does anyone know where I can find an S&P 500 index returns excluding financials?

I also plan on test the Consistent Cash Creators screen before the financial crisis. I’m almost done with 2007 and then I’ll work on 2006. Stay tuned.

]]> By: George http://www.fatpitchfinancials.com/1905/consistent-cash-creators-value-screen-april-20-2010/comment-page-1/#comment-453625 George Sun, 02 May 2010 22:01:16 +0000 http://www.fatpitchfinancials.com/?p=1905#comment-453625 FCF is defined as cash from operations minus capital expenditures. ROIC is defined as Net Operating Profit After Taxes (NOPAT) ÷ (Equity + Total Debt). I probably should use a better definition, but that's the one that came with the software I'm working with. I am using Stock Investor Pro and Excel to run this screen. Some of the calculations as manual and the return numbers are based on Yahoo Finance historical numbers for the most part (I had to find other sources for a few stocks.). The data provider is Reuters I believe. FCF is defined as cash from operations minus capital expenditures.

ROIC is defined as Net Operating Profit After Taxes (NOPAT) ÷ (Equity + Total Debt). I probably should use a better definition, but that’s the one that came with the software I’m working with.

I am using Stock Investor Pro and Excel to run this screen. Some of the calculations as manual and the return numbers are based on Yahoo Finance historical numbers for the most part (I had to find other sources for a few stocks.). The data provider is Reuters I believe.

]]> By: wsm3 http://www.fatpitchfinancials.com/1905/consistent-cash-creators-value-screen-april-20-2010/comment-page-1/#comment-453624 wsm3 Sun, 02 May 2010 21:45:37 +0000 http://www.fatpitchfinancials.com/?p=1905#comment-453624 How are you defining FCF and ROIC? More importantly, how are you able to sort through several years of that data for thousands of companies so efficiently? Are you calculating & plugging in the data yourself, or utilizing some provider? Thanks! How are you defining FCF and ROIC? More importantly, how are you able to sort through several years of that data for thousands of companies so efficiently? Are you calculating & plugging in the data yourself, or utilizing some provider? Thanks!

]]> By: Ethan http://www.fatpitchfinancials.com/1905/consistent-cash-creators-value-screen-april-20-2010/comment-page-1/#comment-453616 Ethan Wed, 28 Apr 2010 01:37:56 +0000 http://www.fatpitchfinancials.com/?p=1905#comment-453616 Interesting, but since your screen excluded financials, the benchmark against which to compare is SP500 net of financials, not the whole SP500. I think you still beat that benchmark over the last year, but the alpha is surely smaller. For instance the VFH (vanguard financials ETF) underperformed SPY by about 25% over that time period. Interesting, but since your screen excluded financials, the benchmark against which to compare is SP500 net of financials, not the whole SP500. I think you still beat that benchmark over the last year, but the alpha is surely smaller. For instance the VFH (vanguard financials ETF) underperformed SPY by about 25% over that time period.

]]> By: George http://www.fatpitchfinancials.com/1905/consistent-cash-creators-value-screen-april-20-2010/comment-page-1/#comment-453610 George Wed, 21 Apr 2010 22:44:05 +0000 http://www.fatpitchfinancials.com/?p=1905#comment-453610 Yes, I did mean April 16, 2010. This is a new list of stocks. Thanks for pointing out that confusing typo, Mike. Yes, I did mean April 16, 2010. This is a new list of stocks. Thanks for pointing out that confusing typo, Mike.

]]> By: Mike http://www.fatpitchfinancials.com/1905/consistent-cash-creators-value-screen-april-20-2010/comment-page-1/#comment-453607 Mike Wed, 21 Apr 2010 19:04:11 +0000 http://www.fatpitchfinancials.com/?p=1905#comment-453607 Did you mean this list was created April 16 *2010*? You have 2009. I'm assuming its a new list though. Did you mean this list was created April 16 *2010*? You have 2009. I’m assuming its a new list though.

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