*** 2. Current Universe Size *** continued

This post looks at tickers passing the {Base} screen on 20251128. GTR1 lists 2790 tickers, and these can be categorized as:

2688 are on the P123 list.
66 are N/A in GTR1.
5 multiclass tickers in P123 {Base} with a different class.
12 ticker changes and P123 {Base} has the new tickers.
1 merger not in P123 (COMM).
18 unknown.

This breakdown shows how P123 historical screening works. Tickers are changed to today's tickers, and mergers might be dropped from the list.

The 18 tickers missing for unknown reasons can be fed back into the P123 {Base} screen to determine which criteria is filtering them out:

2 tickers (FUN, SMC): !IsMLP
3 tickers (ASML, MT, STM): !IsADR
1 tickers (RWAY): SecurityType = Common
4 tickers (CRML, MTC, NEGG, RC): SalesQ > 0
1 tickers (OLOX): Close(0) * Max (SharesFDQ, SharesQ) >= 50
6 tickers (ABAT, BBT, MAGN, NRGV, STRZ, WOLF): Close(300) >= 1
1 tickers (MCHB): AvgDailyTot(200,100) >= 1000 * 1000

This breakdown finds a few security type issues. For example, FUN in listed as an MLP in P123, but is styp.a=11. ASML is an ADR in P123, but is styp.a=12.

There are also a few quarterly report issues:
NEGG does not issue regular quarterly reports. This is handled differently by P123 and GTR1.

RC filed a 10-Q on Friday 20251107. The P123 historical screener, with SalesQ>0, filters out RC between 20251110 and 20260305, but passes RC on Friday 20260306 and today 20260307. Maybe I need to use different SalesQ parameters.

Adjusting price history after a merger also differs:
BBT prices on P123 start January 2025, while prices on yahoo, barchart, and M* go back to before 2001. Beacon Financial Corporation (NYSE: BBT) was created on September 1, 2025 through the merger of Berkshire Hills Bancorp (NYSE: BHLB), and Brookline Bancorp (NASDAQ: BRKL). BBT actual prices start 20250902, after the merger, but websites copy the BHLB historical prices. P123 only copies part of one year, while most other websites copy more than 20 years of BHLB price history.

Tracking some company actions differ:
WOLF prices on P123, barchart, and yahoo start September 2025, while prices on M* go back to 1993. Wolfspeed emerged from bankruptcy in September 2025. M* and GTR1 correctly connected the old WOLF shares to the new WOLF shares, while P123 and other websites did not.

 date   price  mktCap   source
Dec-23   $43     na      SIP
Jul-25  $1.80  $280M     SIP
Sep-25   $29     na    barchart
Mar-26   $17   $747M   barchart

Wolfspeed declared bankruptcy in June 2025. As part of the reorganization, new shares were issued, and legacy equity holders received 1.3 million shares. There are now 45M shares outstanding. Wolfspeed received a massive $700M tax refund on December 1, 2025 (because of the CHIPS act). WOLF shares were never worthless. M* shows a price around $1.4 on 5M share volume in the months before the reorg.