Growth At A Reasonable Price, Long Only, Value, proprietary formula investing
Contributor Since 2008
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. Note that in earnings season (that is, now) there is often a lot of turnover in the screens, some of which is temporary.
Entering the 50 over 50 million screen:
Lender Processing Services Inc (LPS)Dropping out of the 50 over 50 million screen:
Aeropostale Inc. (ARO)Entering the 50 over 1 billion screen:
AmerisourceBergen Corp (ABC)Dropping out of the 50 over 1 billion screen:
Amedisys Inc (AMED)Entering the 30 over 3 billion screen:
AmerisourceBergen Corp (ABC)Dropping out of the 30 over 3 billion screen:
CA Inc (CA)