For screen(s) being discussed in this thread; however, without some minimum price criterion, the Price/FCFPS<=20 might be too easily satisfied by low-priced stocks; that is, with [Price/FCFPS]<=20,Price>=0 only requires FCFPS>=0.01;Price>=2 requires FCFPS>=0.10;Price>=5 requires FCFPS>=0.25;Price>=8 requires FCFPS>=0.40.I don't see a real problem there. For any given company, a large number of relatively low-price shares is not obviously inferior to a small number of higher-price shares. Obviously having more shares will also decrease FCFPS, but it won't alter the ratio.A better reason for favoring a minimum price in certain screens is a bit of self-fulfilling investor psychology. Historically investors have preferred stocks above $10 per share, and the option-availability rules and delisting rules are derived from that preference. Companies occasionally like to do a second public offering, and company executives typically hold a chunk of shares, so they like to keep their share price up in the preferred range. A company that can't do so is in some way a higher risk, either a young and unproven company or an older company in trouble... thus justifying the preference that started the cycle.
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