Comments on: Joseph Piotroski and You http://www.goodevalue.com/2008/03/joseph-piotroski-and-you/ It may be cheap, but is it a Goode value? Sun, 16 Oct 2011 22:06:46 -0400 http://wordpress.org/?v=2.8 hourly 1 By: Paul http://www.goodevalue.com/2008/03/joseph-piotroski-and-you/comment-page-1/#comment-975 Paul Tue, 24 Feb 2009 22:08:31 +0000 http://www.goodevalue.com/2008/03/02/joseph-piotroski-and-you/#comment-975 True - I have been buying small caps (trading at huge discounts to book) quite successfully over the years. Patience is a big issue here as you can expect to be under water at many times while waiting for the market to get more rational. Today I picked up some Starrett SCX, which is now trading at 1/3 book value. My most profitable trades have been in BOFI Holdings this year - which has been trading below 1/2 book for the past couple months... True – I have been buying small caps (trading at huge discounts to book) quite successfully over the years. Patience is a big issue here as you can expect to be under water at many times while waiting for the market to get more rational. Today I picked up some Starrett SCX, which is now trading at 1/3 book value. My most profitable trades have been in BOFI Holdings this year – which has been trading below 1/2 book for the past couple months…

]]> By: michael http://www.goodevalue.com/2008/03/joseph-piotroski-and-you/comment-page-1/#comment-972 michael Sun, 22 Feb 2009 02:12:54 +0000 http://www.goodevalue.com/2008/03/02/joseph-piotroski-and-you/#comment-972 Mark -- since before Fama/French we have known that the best returns are for small value companies. These are very illiquid; the return is partially compensation for that. It can take a long time to build up a positions ... just make sure to put in a buy right at or above the best bid so that someone more in a hurry pays the bid/ask. I did this successfully with TSRI for example (I am no longer in it). Mark — since before Fama/French we have known that the best returns are for small value companies. These are very illiquid; the return is partially compensation for that. It can take a long time to build up a positions … just make sure to put in a buy right at or above the best bid so that someone more in a hurry pays the bid/ask. I did this successfully with TSRI for example (I am no longer in it).

]]> By: Mark http://www.goodevalue.com/2008/03/joseph-piotroski-and-you/comment-page-1/#comment-971 Mark Sat, 21 Feb 2009 04:51:21 +0000 http://www.goodevalue.com/2008/03/02/joseph-piotroski-and-you/#comment-971 The companies that come up on the screen are so small, that you can lose 20% due to the bid ask spread. The companies that come up on the screen are so small, that you can lose 20% due to the bid ask spread.

]]> By: Matt http://www.goodevalue.com/2008/03/joseph-piotroski-and-you/comment-page-1/#comment-698 Matt Thu, 16 Oct 2008 12:44:16 +0000 http://www.goodevalue.com/2008/03/02/joseph-piotroski-and-you/#comment-698 Do you have a suggestion on what tool you would use to implement this screen? I agree that Microsoft's Money screen doesn't do it but I am at a loss for an alternative. Do you have a suggestion on what tool you would use to implement this screen? I agree that Microsoft’s Money screen doesn’t do it but I am at a loss for an alternative.

]]> By: michael http://www.goodevalue.com/2008/03/joseph-piotroski-and-you/comment-page-1/#comment-453 michael Fri, 02 May 2008 19:27:21 +0000 http://www.goodevalue.com/2008/03/02/joseph-piotroski-and-you/#comment-453 The problem with RiskGrades is all it does is measure a type of Beta. Fama and French found out 15 years ago that Beta is useless as a measure of risk. The problem with RiskGrades is all it does is measure a type of Beta. Fama and French found out 15 years ago that Beta is useless as a measure of risk.

]]> By: chet jasko http://www.goodevalue.com/2008/03/joseph-piotroski-and-you/comment-page-1/#comment-452 chet jasko Fri, 02 May 2008 19:15:30 +0000 http://www.goodevalue.com/2008/03/02/joseph-piotroski-and-you/#comment-452 in the domash article employing the piotroski screens, domash indicated that computer sciences was a value pick. computer sciences screwed up an irs web fraud tax software program several years ago that cost the irs and the american public over $300 million in fraudulent refunds the irs stated would be too costly to attempt to recover. also, domash should consider a riskgrades.com equity portfolio comparison of the piotroski value stock selections vs. a current low peg value stock selection portfolio vs. a current _ibd_ hi relative strength stock selection portfolio, should domash want a really decent article. the riskgrades.com website, considered by _forbes_ to be the most user friendly, is free and provides users with individual roi and risk measures for stocks, bonds or mutual funds or a combination of these and then provides overall portfolio roi and risk vaues against the current roi and risk values for the s&p 500 benchmark. also, users can store several different portfolios on the riskgrades.com site for free on the server, and one can stress the portfolios for different events, such as the asian meltdown a few years ago and for the impact of 9/11. in the domash article employing the piotroski screens, domash indicated that computer sciences was a value pick. computer sciences screwed up an irs web fraud tax software program several years ago that cost the irs and the american public over $300 million in fraudulent refunds the irs stated would be too costly to attempt to recover.

also, domash should consider a riskgrades.com equity portfolio comparison of the piotroski value stock selections vs. a current low peg value stock selection portfolio vs. a current _ibd_ hi relative strength stock selection portfolio, should domash want a really decent article. the riskgrades.com website, considered by _forbes_ to be the most user friendly, is free and provides users with individual roi and risk measures for stocks, bonds or mutual funds or a combination of these and then provides overall portfolio roi and risk vaues against the current roi and risk values for the s&p 500 benchmark. also, users can store several different portfolios on the riskgrades.com site for free on the server, and one can stress the portfolios for different events, such as the asian meltdown a few years ago and for the impact of 9/11.

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