In May 2008 James Montier, fund manager at GMO, couldn't find
opportunities to invest, he wrote an article about short selling:
Joining The Dark Side: Pirates, Spies and Short Sellers. His
research found that the ideal short candidates are the companies
that have these three characteristics:
1. Stocks that are sold at high P/S ratio
2. Companies that have low Piotroski F-score
3. Companies that have double-digit asset growth.
He found that companies with any of these characteristics
underperformed the market.
Considering this, we have created a James Montier Short Screen in
our
All-In-One Screener
with these filters:
1. P/S ratio is higher than 90% of the companies in the industry
2. Piotroski F-score is 3 or less
3. Five-year average asset growth is higher than 10%.
With these filters we get the list of the stocks that meet the
criteria:
|
Symbol
|
Company
|
Share Price ($)
|
Market Cap (mil)
|
F Score
|
P/S
|
| BTX |
BioTime, Inc. |
3.996 |
197.3 |
1 |
45.4 |
| CVM |
CEL-SCI Corporation |
0.34 |
92.8 |
1 |
97.1 |
| GERN |
Geron Corporation |
1.7 |
223.2 |
1 |
91.6 |
| SNT |
Senesco Technologies, Inc. |
0.29 |
28.5 |
2 |
204 |
| UQM |
UQM Technologies, Inc. |
0.78 |
29.6 |
2 |
2.9 |
| DXR |
Daxor Corporation |
8.99 |
37.3 |
2 |
25.8 |
| REFR |
Research Frontiers, Inc. |
2.93 |
55.9 |
2 |
66 |
| ACHN |
Achillion Pharmaceuticals, Inc. |
6.51 |
474.7 |
2 |
1922 |
| BPAX |
Biosante Pharmaceuticals Inc |
1.35 |
25.2 |
2 |
57.9 |
| HUSA |
Houston American Energy Corporation |
0.8197 |
31.1 |
2 |
26.9 |
| ECTE |
Echo Therapeutics Inc |
1.46 |
57.6 |
2 |
128.9 |
| CGEN |
Compugen Ltd. (
USA
) |
3.56 |
123.3 |
3 |
110.6 |
| HEB |
Hemispherx BioPharma, Inc |
0.3587 |
47.2 |
3 |
292.8 |
| SYNM |
Syntroleum Corp |
0.64 |
64.4 |
3 |
15.3 |
| DRQ |
Dril-Quip, Inc. |
70.98 |
2894.7 |
3 |
4.8 |
| GYRO |
Gyrodyne Company of America, Inc. |
112.83 |
167.5 |
3 |
30.4 |
| MOSY |
MoSys Inc. |
3.24 |
128.6 |
3 |
9.1 |
| CRUS |
Cirrus Logic, Inc. |
38.07 |
2448.9 |
3 |
5.7 |
| ADES |
ADA-ES, Inc. |
23.36 |
230.2 |
3 |
4.3 |
| CNQR |
Concur Technologies, Inc. |
67.37 |
3519.5 |
3 |
10.1 |
| RCKB |
Rockville Financial Inc |
11.85 |
340.7 |
3 |
3.8 |
| ETAK |
Elephant Talk Communications Inc. |
1.31 |
156.2 |
3 |
4.8 |
Not surprisingly, the prices of many of these stocks are already
at close to 52-week lows and almost all of them don't pay
dividends.
We will monitor the performances of these stocks. The stocks are
in the portfolio
James Montier Short Screen
.
This is
the link to the screen
.
Read More:
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