Highway Holdings Limited (NASDAQ:HIHO) is presently the only stock listed on the American Association of Individual Investors website with a Piotroski F_SCORE of 9, the highest possible Piotroski F_SCORE. An F_SCORE of 9 indicates that HIHO is “financially strong” in Piotroski’s framework. An F_SCORE of 8 indicates that it has failed on one dimension, and [...]
Posts Tagged ‘Piotroski’
Piotroski’s F_SCORE in practice: Highway Holdings Limited (NASDAQ:HIHO)
Posted in Highway Holdings Limited (NASDAQ:HIHO), Special Situation, Stocks, tagged F_SCORE, Highway Holdings Limited (NASDAQ:HIHO), Liquidating Value, Piotroski on December 7, 2009 | 2 Comments »
Piotroski’s F_SCORE in practice
Posted in About, Greenbackd, Net Current Asset Value, Stocks, Value Investment, tagged F_SCORE, Graham, NCAV, Piotroski on December 4, 2009 | 10 Comments »
It seems to me counterintuitive that book value should be useful as a value metric. Book value, after all, is a historical accounting measure of a company’s balance sheet. It has nothing to do with “intrinsic value,” which is the measure conceived by John Burr Williams in his 1938 treatise The Theory of Investment Value. [...]
Piotroski’s F_SCORE
Posted in About, Stocks, Value Investment, tagged Book value, F_SCORE, Piotroski, Price-to-book Value, Value Investment on November 30, 2009 | 4 Comments »
The second method for boosting the performance of book value as a predictor of future investment returns is Joseph D. Piotroski’s elegant F_SCORE. Piotroski first discussed his F_SCORE in 2002 in Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. In the paper, Piotroski examines whether the application of a simple accounting-based fundamental analysis strategy [...]

