Magic Formula Investing Weekly Roundup 4/3/2011
Growth At A Reasonable Price, Long Only, Value, proprietary formula investing
Seeking Alpha Analyst 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:
Entering the 50 over 50 million screen:
M & F Worldwide Corp. (MFW)Motorcar Parts of America Inc (MPAA)
Dropping out of the 50 over 50 million screen:
BioDelivery Sciences International Inc (BDSI)Career Education Corp (CECO)
Entering the 50 over 1 billion screen:
Amedisys Inc (AMED)Gap Inc. (The) (GPS)
Hewlett-Packard Co (HPQ)
SAIC Inc (SAI)
Dropping out of the 50 over 1 billion screen:
Buckle Inc. (The) (BKE)Harris Corp (HRS)
MKS Instruments Inc (MKSI)
Par Pharmaceutical Companies Inc (PRX)
Entering the 30 over 3 billion screen:
Gap Inc. (The) (GPS)SAIC Inc (SAI)
Dropping out of the 30 over 3 billion screen:
Analog Devices Inc. (ADI)Dun & Bradstreet Corp (The) (DNB)
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