The founder and editor of MagicDiligence.com, a website dedicated to researching and recommending only the best stocks in Joel Greenblatt's Magic Formula Investing screen.
Magic Formula Investing (MFI), as described by hedge fund manager Joel Greenblatt in The Little Book that Beats the Market, consists of ranking stocks by earnings yield (cheap) and return on capital (quality), adding the rankings together, and buying from the resulting lists. Below are stocks that have moved into, and dropped out of, 3 of the MFI screens used by MagicDiligence:
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Magic Formula Investing Weekly Roundup 10/17/2010 0 comments
Magic Formula Investing (MFI), as described by hedge fund manager Joel Greenblatt in The Little Book that Beats the Market, consists of ranking stocks by earnings yield (cheap) and return on capital (quality), adding the rankings together, and buying from the resulting lists. Below are stocks that have moved into, and dropped out of, 3 of the MFI screens used by MagicDiligence:
Entering the 50 over 50 million screen:
CECO - Career Education CorpKIRK - Kirkland's Inc
PETS - PetMed Express Inc
PRM - PRIMEDIA Inc
VALU - Value Line Inc
Dropping out of the 50 over 50 million screen:
CBST - Cubist Pharmaceuticals IncCHKE - Cherokee Inc
CRME - Cardiome Pharma Corp
PSDV - Psivida Corp
PVSW - Pervasive Software Inc
Entering the 50 over 1 billion screen:
CA - CA IncDLX - Deluxe Corp
DV - DeVry Inc
STRA - Strayer Education Inc
Dropping out of the 50 over 1 billion screen:
CBST - Cubist Pharmaceuticals IncDECK - Deckers Outdoor Corp
DELL - Dell Inc
MYGN - Myriad Genetics Inc
Entering the 30 over 3 billion screen:
ACN - Accenture PLCDV - DeVry Inc
Dropping out of the 30 over 3 billion screen:
ABC - AmerisourceBergen CorpGME - GameStop Corp.
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