P/FCF Ranking

Buys stocks that are cheap relative to the cash they have left over: free cash flow over the last four quarters — the money that remains after all investments, for dividends, buybacks, or paying down debt — has to be positive, and market cap may be no more than ten times that amount. The cheapest names rank first. Only shares our own deep-dive analysis rates green are bought — yellow or no analysis at all is not enough. New positions are added four times a year; a share is sold as soon as it no longer meets the criteria or is no longer rated green.

This portfolio buys shares.