Skaffold top stocks, page-2

Here is a link to their blog talking about the result

http://www.skaffold.com/blog/3pl-recieves-a-lesson#.VsrHCZN97Vo

They haven't picked up that the actual increase in revenue is a result of sales being made in previous periods being included in headline revenue this period. They haven't mentioned cash flow either...or the investment in Learnosity. Prudently they briefly mention, in a single paragraph, the CEO leaving.

In fact they don't seem to actually have looked at the results. The post says "They (the results) should become available later in the week as our data provider enters them. It will be interesting to see if the Skaffold Score changes and any revisions to forecast intrinsic values."

More from the blog

"The portfolio follows a simple strategy of buy and hold for 12 months, come what may. So we will be riding the storms and will see how we have fared at the end of the year."

In any case this seems like a fairly disastrous strategy...buy and hold stock based on metrics a specific point in time Jan 4th, for an arbitrarily chosen short time frame of 12 months, even though circumstances have subsequently changed. Surely incorporating some basic Bayes theorem into their quant model so they could update positions as news comes to hand would yield better returns for the portfolio.