Expected Returns (February 2023) -- Manifest Investing

Expected Returns (February 2023)

We celebrate one of the better January stock markets in recent years and glance in the direction of Groundhog Day -- our annual celebration of community-based investing at Manifest Investing. For 19 years ... and 16 years of Groundhog Challenge, the stock selection has been formidable. This year's celebrity hog will be David Einhorn (Greenlight Capital) and the individual championship likely comes down to Lisa Robertson and Kurt Kowitz for the win. The group entry is a photo finish between Montgomery County (Maryland), LA/MS (New Orleans), North Texas (Dallas) and defending co-Champion Space Coast (Florida).

Quality Legend:
Blue	Excellent with quality greater than 80.
Green	Good with quality between 60 and 80.
Neutral	Average or below average with quality between 20 and 60.
Red	Poor with quality less than 20.
Companies with less than 10 years of history are penalized by 5 points per year.
PAR Legend:
Green	PAR is within the target range of MIPAR +5-10%, currently 5.1%-10.1%
Yellow	PAR is above the target range of MIPAR +10%, currently 10.1%
PAR	Projected Annual Return
MIPAR	The Manifest Investing Median PAR of all stocks in the database.
Company Name Legend:
*	Not covered by Value Line Standard Edition.
b	Uses price-to-book value for valuation purposes.
P/CF	Uses price-to-cash flow for valuation.