Magic Formula Investing (NASDAQ: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.
Most of these are ones we've seen before. A couple new ones of note. Ubiquiti Networks (NASDAQ:UBNT) is a fast-growing network equipment provider that offers the prospect of a growth-at-a-reasonable-price investment. Fluor (NYSE:FLR) we wrote about earlier this week. And Wi-Lan (WILN) is a new entry worth taking a closer look at.Entering the 50 over 50 million screen:
Microsoft Corp (MSFT)