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One of the best ways to check how a system you are using is working out is to test it on a daily basis. One of the best ways to do so is by seeing what kind of results it would generate using a daily top winners and losers list. Seeking Alpha has done an amazing job in revamping its main page and has made this very easy for everyone to do, as you can find its top gainers and losers list whenever you want, front and center. What I will attempt to do from now on is analyze those stocks using Levered Free Cash Flow and see if those top gainers and top losers really should have gone up or down.

For those new to my “back of the envelope” method of analyzing stocks here is an article I wrote as an introduction.

I can only provide the Levered Free Cash Flow data if Yahoo Finance supplies it, so I will only analyze those on the list that I can get the data on. I will attempt to do this every day from now on that the markets are open.

AS OF 2:30 PM EST APRIL 14

TOP GAINERS

1 ) Acorda Therapeutics, Inc. (ACOR)

Acorda could push $30 on patent extension, says JP Morgan (JPM), which can't confirm if Acorda received a patent extension but believes shares could push $30 if the conjecture proves true.

Levered Free Cash Flow = -$42.86 Million

Market Capitalization = $1.06 billion

Price to Levered Free Cash Flow = -24.73

2) SUPERVALU INC. (SVU), the day's top gainer, is still on the climb after a healthy earnings beat, showing that its turnaround may have gotten firm footing after all; same-store sales declined less than expected and the grocer's holding the line on its gross margin, at 23.3% (vs. a year-ago 23.4%)

Levered Free Cash Flow = $617 Million

Market Capitalization = $2.29 billion

Price to Levered Free Cash Flow = 3.71

3) Idenix Pharmaceuticals, Inc. (IDIX)

In a regulatory filing, Novartis (NVS) said that on April 13 it bought approximately $4.9 million, or 1.79 million shares, of Idenix stock. Novartis now holds 33.19 million shares in Idenix. Idenix has 73.1 million shares outstanding, according to FactSet.

Levered Free Cash Flow = -$27.5 Million

Market Capitalization = $323.87 Million

Price to Levered Free Cash Flow = 11.77

4) Lihua International Inc (LIWA)

Levered Free Cash Flow = $5.08 Million

Market Capitalization = $226.98 Million

Price to Levered Free Cash Flow = 44.68

5) L&L Energy, Inc. (LLEN)

Levered Free Cash Flow = -$36.10 Million

Market Capitalization = $184.11 Million

Price to Levered Free Cash Flow = -5.1

6) Banro Corporation (BAA): Per Yahoo Finance:

Banro Corporation ("Banro" or the "Company") ... is pleased to report that construction of its wholly-owned Twangiza Phase 1 gold project in South Kivu Province, Democratic Republic of the Congo (the "DRC"), is proceeding on schedule with commercial production expected to begin in the fourth quarter of 2011.

Levered Free Cash Flow = -$10.43 Million

Market Capitalization = $485 Million

Price to Levered Free Cash Flow = -46.50

7) Sify Technologies Limited (SIFY)

Levered Free Cash Flow = NA

Market Capitalization = $327.58 Million

Price to Levered Free Cash Flow = NA

8) Qihoo 360 Technology Co. Ltd. A (QIHU)

Levered Free Cash Flow = $3.31 Billion

Market Capitalization = $6.85 Million

Price to Levered Free Cash Flow = 483.21

9) Alimera Sciences, Inc. (ALIM)

Levered Free Cash Flow = -15.17 Million

Market Capitalization = $264.74 Million

Price to Levered Free Cash Flow = 17.45

TOP LOSERS

1) Pan American Silver Corp. (PAAS): Silver gets its tail in the air on news Bolivian President Morales has ordered the May 1 expropriation of mines previously sold off by the government. The metal (SLV +3.2%) is doing a lot better than the affected miners.

Levered Free Cash Flow = $129.55 Million

Market Capitalization = $4.01 Billion

Price to Levered Free Cash Flow = 30.95

2) Universal Forest Products, Inc. (UFPI)'s shares fell a day after the company posted market-lagging results, hurt by a bigger-than-expected fall in demand at its housing market.

Levered Free Cash Flow = -$14.22 Million

Market Capitalization = $593.37 Million

Price to Levered Free Cash Flow = 41.72

3) Sunrise Senior Living, Inc. (SRZ) announced it has entered into a commitment letter with KeyBank National for a $50 mln senior revolving line of credit. The credit facility will include a $20 mln sublimit to support standby letters of credit and is expandable to $65 mln if certain conditions are met. The credit facility will mature three years from closing and includes a one-time right to extend for one year. Upon execution, the credit facility will be used for working capital and general corporate purposes. Additionally, the company announced that it proposes to offer $75 mln junior subordinated convertible notes due in 2041.

Levered Free Cash Flow = -$25.33 Million

Market Capitalization = $503.14 Million

Price to Levered Free Cash Flow = -19.86

4) Dolby Laboratories, Inc. (DLB) slid 7.6 percent to $46.10, the lowest price since December 2009. A report from market-research firm IDC that global personal-computer shipments fell in the first quarter is causing “concern the company is going to reset expectations and lower guidance,” according to Mark Harding, an analyst at Maxim Group LLC. San Francisco-based Dolby gets about 35 percent of licensing revenue from PCs, Harding said in a phone interview.

Levered Free Cash Flow = $200.74 Million

Market Capitalization = $ 5.17 Billion

Price to Levered Free Cash Flow = 25.75

5) Coeur d'Alene Mines Corporation (CDE): Same reason as PAAS above.

Levered Free Cash Flow = -$39.51 Million

Market Capitalization = $2.78 Billion

Price to Levered Free Cash Flow = -70.36

6) Yongye International Inc (YONG): Bearish Flow Yongye International loses 34 cents to $4.60 and 2,700 puts traded in the Chinese, ag chemical maker. May 4 puts are the most actives. 960 traded (93 percent ask). Similar action in April 5, May 6 and July 4 puts. Shares hit 52-week highs of $9.49 in early-November, but have been trending lower since that time and hit a new 52-week low of $4.43 on Friday. Today’s order flow seems to reflect concerns about additional losses in the weeks ahead.

Levered Free Cash Flow = -$40.66 Million

Market Capitalization = $227.10 Million

Price to Levered Free Cash Flow = -5.59

7) CIBER, Inc. (CBR): The Greenwood Village company announced Thursday that Toni Hadzi, executive VP and president of its North American division, is leaving the company by mutual agreement, effective May 1.

Levered Free Cash Flow = $9.40 Million

Market Capitalization = $439.27 Million

Price to Levered Free Cash Flow = 46.73

8) Lin TV Corp. (TVL)

Levered Free Cash Flow = $74.09 Million

Market Capitalization = $266.50 Million

Price to Levered Free Cash Flow = 3.59

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Analyzing Seeking Alpha's Top Gainers and Losers Using Levered Free Cash Flow