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jasetheace40

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11/01/17

20:43

Post #: 21831317
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Originally posted by dojer ↑

Report from Marion Business Daily on the volatility of OBJ.

Looking for SOME insight with the Piotroski Score of 1-10 on the potential financial strength of a company.

A score of 8-9 considered strong.
A score of 1-2 considered weak.

What else would you expect OBJ to get, just to keep some questioning themselves - that's right, a 5!

“Investors may also be keeping a close eye on the Piotroski Score or F-Score. The F-score was developed by Joseph Piotroski who created a ranking scale from 0-9 to help determine the financial strength of a company. OBJ Limited (ASX:OBJ) currently has a Piotroski Score of 5. To get to this score, Piotroski assigned one point for every piece of criteria met out of the nine considered. In terms of profitability, one point was given if there was a positive return on assets in the current year, one point if operating cash flow was positive in the current year, one point for higher ROA in the current period compared to ROA for the previous year, and one point for cash flow from operations greater than ROA. In terms of leverage and liquidity, one point was given for a lower ratio of long term debt in the current period compared to the previous year, one point was given for higher current ratio compared to the previous year, and one point if no new shares were issued in the last year. In terms of operating efficiency, one point was given for higher gross margin compared to the previous year, and one point was given for a higher asset turnover ratio compared to the previous year. In general, a stock with a score of 8 or 9 would be considered strong while a stock with a score from 0-2 would be considered weak.”

Full Report: http://marionbusinessdaily.com/volatility-watch-on-shares-of-obj-limited-asxobj/66233/

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Illuminating in the sense that I've never encountered the Piostroski Score before but it does seem like a bit of tea leaf/numerology reading. I've come to terms with some of the logic in chartism. But this Piotroski score introduces a new strain of logic that I find very difficult to accept.

OBJ Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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Marion Business Daily, page-2

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Marion Business Daily, page-2

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