I’m pleased to provide the list of stocks in the Perch Portfolio below along with updates to several other popular portfolios. The portfolios are all based on stock screens of differing levels of complexity that are described in detail in separate articles.
I hope to provide portfolio updates every two to four weeks, with allowances made for the unusual periods that life provides – and a vacation from time to time.
Notes: Data from Bloomberg as of the close of Apr. 4, 2023. Norm has an interest in some of the stocks shown. Yield = indicated dividend yield, Volatility = annualized volatility over the past 260 days, P/E = price to earnings over the past four quarters, six (or 12) month return = total return over the past six (or 12) months including reinvested dividends, EV = enterprise value, EBIT = earnings before interest and taxes over the past four quarters, FCF = free cash flow, Market Cap = market capitalization in millions of dollars, U.S portfolios are presented in U.S. dollar terms.
A Customary Caution
Use our portfolios and stock screens as a starting point for further research. Be sure to improve your understanding of each company by studying it and its industry in more detail. Confirm the data herein before using it.
Watch your step with stocks that trade infrequently, and those with very low share prices, because they may be difficult to buy or sell in a cost-effective manner.
Before dashing off to the market, recognize the built-in limitations of quantitative methods such as ours. For instance, less tangible factors such as the quality of a company’s management can sometimes help – or hinder – a business.
And while we hope our portfolios achieve similar returns to those in the back-tests, the market isn’t that predictable. Even in the best circumstances, we expect results to be bumpy and some individual stocks will disappoint. We would be pleased indeed for the portfolios to outperform the market over the course of a few decades.
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Norman Rothery