Ted SeeksQuality

"Quality scores" de su cartera de 40 valores

Keep in mind that this is simply a composite of Jefferson Research, Value Line, Moodys, and SSD numbers – especially the last two. It is a number I have found useful in my own approach, though it may not be appropriate to others. (The concept of “quality” is important to all systems, in my opinion, but is likely defined somewhat differently.)

19+ JNJ, AAPL, MSFT, PG, BRK.B, NSRGY, INTC
18 NKE, CSCO, MRK, HON, MDT, GOOG, HRL, DEO, ITW, PEP, KMB, HD, SYY, UTX, UL, MMM
17 UNH, UNP, GWW, NEE, DIS, AMGN, PFE
16 ETN, NVS, VFC, CVS, WEC, DUK, WTR
15 T, D
14 SO

Note that the last six are utilities (and T which is a semi-utility). Steady cash-flow businesses with very high capital requirements and (mostly) higher dividends. These companies tend to operate with higher debt levels and lower credit ratings, yet due to the stability of their revenues it isn’t clear that their operations are any riskier. You could reasonably argue that this metric treats them unfairly – or you could suggest that they might be riskier than people are recognizing?

CVS is my only position with a 2.5%+ portfolio rating and a Quality score of 16 or lower.

Please keep in mind that Valuation and Growth are represented elsewhere in the system. This number is not intended to reflect either one.

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