Certainly EDIG fills the bill on some criteria, lacking in others, but nothing that can't be remedied by 16 settlements.

"When selected, the index's 50 stocks had market capitalizations mostly under $50 million, a price of $3 or less and a rating of 8 or higher under Bowser's system, which is balance sheet oriented. Mr. Bowser looks at current assets and current liabilities for an indication of working capital. He looks at earnings over last the five years, and current earnings are double weighted. He likes to see a small amount of debt or none at all. He also prefers companies with a small amount of shares outstanding who don't have many people buying. According to a Nov 2003 article (Daily Press - Knight Ridder/Tribune Business News), the index had a 101 percent increase compared to the Dow."

Lots of doors for Fred and company to be knocking on.