MagicDiligence's  Instablog

Magic Formula Investing (MFI), as described by hedge fund manager Joel Greenblatt inThe 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:

Apple Inc (AAPL)
Pitney Bowes Inc. (PBI)
SAIC Inc (SAI)
Starz (STRZA)

Dropping out of the 50 over 50 million screen:

CA Inc (CA)
CACI International Inc. (CACI)
Nu Skin Enterprises Inc. (NUS)
Valassis Communications Inc. (VCI)

Entering the 50 over 1 billion screen:

QLogic Corp (QLGC)
Starz (STRZA)

Dropping out of the 50 over 1 billion screen:

Myriad Genetics Inc (MYGN)
Quality Systems Inc. (QSII)
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Entering the 30 over 3 billion screen:

Endo Pharmaceuticals Holdings Inc (ENDP)
Joy Global Inc (JOY)

Dropping out of the 30 over 3 billion screen:

Gannett Co Inc. (GCI)
Intel Corp (INTC)