Pricing In A Lot Of Bad Luck
(WorldNews Health)

The Acquirers Multiple is a cool screening tool based on the book Deep Value by Tobias Carlisle. I run the screen infrequently and have used it as a starting point for research quite a few times in the past. One idea I picked up this way has been HP (NYSE:HPQ) which was added to The Black Swan Portfolio back in May 2016. It worked out well and we exited early 2017 (another one of my ill timed exits). Its main feature is its ability to screen stocks in the U.S and Canada on Enterprise Value / Operating Earnings. However, unlike most screeners the data comes from Compustat and has been very carefully...