McHenry Metals Golf (McHenry Metals Golf) Piotroski F-Score

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What is McHenry Metals Golf Piotroski F-Score?

McHenry Metals Golf does not have enough data to calculate Piotroski F-Score.

McHenry Metals Golf Piotroski F-Score Historical Data

The historical data trend for McHenry Metals Golf's Piotroski F-Score can be seen below:

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McHenry Metals Golf Piotroski F-Score Chart

McHenry Metals Golf Annual Data

Trend

Dec99

Dec00

Piotroski F-Score

McHenry Metals Golf Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01
Piotroski F-Score	Get a 7-Day Free Trial			-	-	-	-	-

McHenry Metals Golf (OTCPK:GLFN) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.

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McHenry Metals Golf (McHenry Metals Golf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » McHenry Metals Golf Corp (OTCPK:GLFN) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

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Address

4502 Marquette Avenue, Jacksonville, FL, USA

Website

http://www.mchenrymetals.com

McHenry Metals Golf Corp designs, develops and markets golf clubs. The company's products include drivers, hybrids, wedges, woods and other accessories related to golf.

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