Use the CompuStat database to select 50 stocks to form a portfolio that is changed annually.
The same amount of capital is invested in each stock in the portfolio, including dividends, but ignoring transaction costs.
When using the P/E ratio for stock selection, the 50 stocks with the lowest P/E ratios are selected and tracked along with the 50 stocks with the highest P/E ratios.
Stocks with a market capitalization greater than or equal to $150 million are selected as investments
The company’s total sales revenue is more than 1.5 times the database average
