No. of Recommendations: 4
So that filter is just looking for companies w/ lots of outstanding shares.
Yes, that's correct. It's looking for highly liquid companies, as measured by available outstanding shares. This is also known as the company's "float".
Shares outstanding is not float. This proposed screen also looks for high float in its last step. But the intermediate step that looks for a high share count is senseless. Did AMZN, for example, become a 20 times better investment when it did a 20 to 1 stock split a couple of years ago?
Elan
