No. of Recommendations: 2
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".
(Floating stock refers to the number of shares a company has available to trade in the open market.)
musselmant also described an S&P 500 version of this screen, with similar rules, which is being tracked as the Liquid Consolidator's screen at
discussion.fool.com - Curated screens febHis original post on the S&P 500 version was at this thread -
discussion.fool.com - Stock strategy w 3x better cagr better beta same sharpe as spy
