Interview with Value Investor Joel Greenblatt

Secondly, this stock was being deleted when it was trading at $1.22 from one of the S&P indices, the S&P Mid-Cap index, and I think 10% to 15% of the stock was closely held by the kind of funds (like Dimensional Fund Advisors) that would automatically dispose of it with the deletion. When this stock was being deleted, it traded down to $1.22. ................
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