Discuss the underlying arguments behind Piotroski F-Score.

The group assignment should be based on a detailed report on one of the following topics.
Feel free to choose one of the three below
· Piotroski F-Score: You must discuss the underlying arguments behind Piotroski F-Score. You must also discuss the variables/characteristics/ratios used in Piotroski F-Score in greater details. Also highlight empirial evidence to support Piotroski F-Score.
· Computation of Free Cash Flows: You must discuss all of the adjustments that have to be made to find free cash flow. Damodaran’s website and his text books on valuation are good resource.
· Magic Formula: You must discuss the underlying arguments behind Magic Formula. You must also discuss the variables/characteristics/ratios used in Magic Formula in greater details. Also highlight empirial evidence to support Magic Formula.