Attracting Winning Stocks: The MAGNET Stock Selection Process
by Wayne A. Thorp, CFA
Most quantitative stock screening methodologies have a “style bias,” meaning they focus on growth in sales or earnings, value measures such as low price-earnings or low price-to-book ratios, or share price momentum.
From time to time, you will find blended approaches, such as “growth at a reasonable price” GARP, which straddles the fence of value and growth investing. Similarly, price momentum is sometimes added to a value strategy to find “value on the move.”
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Jordan Kimmel takes the process one step further and combines all three—value, growth, and momentum investing approaches—into a singular investing model. His own name for his unique style: The MAGNET Stock Selection Process.
Jordan Kimmel is the managing member of the Magnet Investment Group, LLC, which has previously licensed its stock selection process to John Nuveen & Co. for use in that firm’s unit investment trusts. Kimmel also hosts his own weekly radio show “Profitable Investing With Jordan Kimmel.”
Mr. Kimmel outlines the MAGNET Stock Selection Process in his book “Magnet Investing” (Next Decade, Inc., 2000), currently in its second edition.
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