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mleach's Public Page   May 25, 2012
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left curve   top ranked funds managed by mleach right curve
   
Name Symbol  
DMC Fund DMCMF  
DME Fund DMEMF  
DMX Fund DMXMF  
     
left curve  manager profile right curve
   
ABOUT mleach
Age: 65  Occupation: Retired Postal Worker 
Other Interests : health, religion     
     
   
HOW THE MANAGER INVESTS
WHAT IS YOUR INVESTING STRATEGY? (GROWTH, VALUE, TECHNICAL ANALYSIS, ETC.)
answer --> The DMX Mutual Fund uses a growth at a reasonable price investment strategy. It seeks out firms that the market appears to have mispriced based on company trends primarily in earnings, sales, and cash flow, and the relationship of these variables to their historical and future growth rates.
HOW DO YOU SELECT NEW COMPANIES FOR YOUR FUNDS?
answer --> I basically use a growth at a reasonable price approach. Presently I look at the financials of companies and company news. I look for stocks that are selling at fat earnings yeilds relative to the average stock, and have a market price at a large discount to next years estimated earnings times next the companies anticipated earnings growth rate. I check to see whether a companies multiples for cash flow, earnings, free cash flow and sales are less than their 5 year average multiples. I like to see a strong return on assets and less than average industry debt. Additionally, I like an epeg of less than 1, and the lower towards .5, or less,the better. I look at the trend in quarterly sales and earnings for the last 2 years, and like to see Q over Q and Y over Y acccelerating increases. I like stocks that do not issue shares to support growth or grow by acquisitions, that have a strong cash flow from operations, and that generate a good and consistent free cash flow. I am starting to do industry analysis with a view to selecting stocks that have excellent competitive positions within their industries. My selection critera tend to change as my understanding grows.
HOW DO YOU DECIDE TO REMOVE A STOCK FROM YOUR FUNDS?
answer --> I sell stocks if news changes my understanding of a companies prospects. I will sell a stock to buy a better one. I am toying with using a -15% from initial purchase price or -25% from past high sell discipline. My sell discipline is not well defined at this point.
     
left curve  about this manager profile right curve
    This is a profile for mleach, a member at Marketocracy's website www.marketocracy.com. Each of the funds listed here began with $1 million in cash and a Net Asset Value (NAV) of $10 per share.

Marketocracy is the only financial website where you can simulate running your own mutual fund and accurately compare your investing skill to professionally managed mutual funds and other investors. At Marketocracy, you can manage a $1 million virtual portfolio and make trades in an environment that mirrors the trading activity of the real stock market. Our portfolio management tools help you discover your investing strengths and weaknesses and help you become a better investor. You can try different investment strategies and styles to see what works best for you in a virtual environment first, before you invest your real money. It's a great place to learn, and a great place to prove your talent.

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