01-08-2015, 07:47 AM
I have an excel spreadsheet that I use to filter out David Fish CCC list.
I plugged in the latest CCC list and took a look at EVEP.
Out of 11 criteria that I check, 9 come out to be "red":
1. They are raising dividends for only 8 years (I require at least 10).
2. The dividend yield is 16.07% - this is too good to be true for any good company. If they were a good investment than the institutions would've purchased tons of it for a 16% yield (I look for 2-10 range).
3. Their past 5 years growth is -16.3% (I require at least 5% growth).
4. Their market cap is 0.936B (I made that mistake before, I require 2B at least now).
5. Their Debt on Equity is 1.15 which means that they owe more than they are worth (I rule out anything with D/E over 0.8).
6. Their 1-year Dividend growth rate is 0.52 - this is lower than inflation (I require at least 3%)
7. Their 3-year Dividend growth rate is 0.52 - this is lower than inflation (I require at least 3%)
8. Their 5-year Dividend growth rate is 0.53 - this is lower than inflation (I require at least 3%)
9. Their 10-year Dividend growth rate is n/a - this is due to condition #1 basically (if they had a 10 year dividend streak than I require at least 3% DGR).
Based on the CCC list I would rule out this company and not look at it much.
PS
If it would've had one or even two red cells than I would've conducted further research, but with 9 red cells they have no chance ending up in my portfolio...
I plugged in the latest CCC list and took a look at EVEP.
Out of 11 criteria that I check, 9 come out to be "red":
1. They are raising dividends for only 8 years (I require at least 10).
2. The dividend yield is 16.07% - this is too good to be true for any good company. If they were a good investment than the institutions would've purchased tons of it for a 16% yield (I look for 2-10 range).
3. Their past 5 years growth is -16.3% (I require at least 5% growth).
4. Their market cap is 0.936B (I made that mistake before, I require 2B at least now).
5. Their Debt on Equity is 1.15 which means that they owe more than they are worth (I rule out anything with D/E over 0.8).
6. Their 1-year Dividend growth rate is 0.52 - this is lower than inflation (I require at least 3%)
7. Their 3-year Dividend growth rate is 0.52 - this is lower than inflation (I require at least 3%)
8. Their 5-year Dividend growth rate is 0.53 - this is lower than inflation (I require at least 3%)
9. Their 10-year Dividend growth rate is n/a - this is due to condition #1 basically (if they had a 10 year dividend streak than I require at least 3% DGR).
Based on the CCC list I would rule out this company and not look at it much.
PS
If it would've had one or even two red cells than I would've conducted further research, but with 9 red cells they have no chance ending up in my portfolio...