Old Guy 99

Piotroski Formula Yields 14 Promising Investments

Good point, BxCap. GNI is not a regular company with a potentially infinite life. It is an unusual trust, in which in less than six years all its assets gets turned over to another company, and the present shareholders are given one small final payment, and will have no other assets or claims. It is as if the company is scheduled to go bankrupt in advance, with the equity holders wiped out. I suspect that anyone buying the stock is completely unaware of that fact, or they wouldn't pay more than perhaps $30 or $40 for it, if that.

These kind of trusts are very rare, so it isn't surprising that the screen doesn't look for and eliminate them. But that is why one should use screens only as a method to bring stocks to one's attention, and do further research before actually investing.

Panic Selling in InterOil: What Now?

There is absolutely ZERO evidence that there are any naked shorts in IOC. This is just a false claim that supporters of promotional and crooked companies regularly make to explain why others don't share their enthusiasm. For all your complaint about short sellers, the total short position plummeted in the most recent two week period to 6.56M shares from 11.1M shares. Without that 4.5M shares of short covering, the stock would have gone much lower, much sooner.

As to the fundamentals of IOC, you weave a pretty story, but everything depends on management's own estimates of what it has purportedly found, with little outside verification. This is a company that has made claims in the past that turned out not to be true, and that may be the case now as well.