November 28, 2009 –
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RELATED TICKERS: DELL
, JEC
, PDLI
Weekly roundup of stocks moving in and out of the Magic Formula Investing screen.
Read the full article at:
http://www.magicdiligence.com/articles/weekly-roundup-2009-11-28
(this article contains lists that do not format into CAPS)
November 27, 2009 –
It's Black Friday, time to start the holiday shopping. For any investors on your list (including yourself), here is a list of holiday gift ideas they will love.
Read the full article at:
http://www.magicdiligence.com/articles/holiday-gifts-for-investors-2009
(this article contains tables that do not format into CAPS)
November 24, 2009 –
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RELATED TICKERS: ESI
, APOL
, COCO
ITT Educational Services (ESI) is a for-profit education company, with over 79,000 students enrolled at its ITT Technical Institutes and Daniel Webster College, which was just acquired this past April. The company currently operates 112 ITT campuses, 9 learning centers, and 2 Daniel Webster locations, as well as online programs. Historically, ITT was focused on short, 2-year, technology-related degree programs. But more recently, ITT has expanded into both non-technology areas and higher level degrees. Currently, over 70% of locations offer bachelor's degree programs in a studies ranging from Criminal Justice to Business Administration. While most students are still in 2-year degree programs, slightly over a quarter of enrollment is in 4-year bachelor degree studies.
For-profit education is a great business that has been broadly sold off over the past month or so. The reasons for this are cloudy, to be sure. Industry leader Apollo Group (APOL) announced an informal SEC inquiry, and widely read trade publications like Barron's and Bloomberg have run negative articles on the industry. 3 of the top publicly traded for-profits are all currently on the Magic Formula screen (ESI, APOL, and Corinthian Colleges - COCO). It seems like an irrational sell-off. All of these companies are growing sales, profits, and enrollments by 20% or more, as high unemployment has driven many thousands of people back to school to improve their education. In ITT's case, sales grew 34% and net profit 50% year-over-year in the just completed third quarter. For 2010, the company is expecting another 25% increase in sales and profits. This puts ITT's forward earnings yield at 16%, which is extremely cheap for the quality we are buying here. [more]
November 21, 2009 –
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RELATED TICKERS: AHCI
, BKE
, DRC
Weekly roundup of stocks moving in and out of the Magic Formula Investing screen.
Read the full article at:
http://www.magicdiligence.com/articles/weekly-roundup-2009-11-21
(this article contains lists that do not format into CAPS)
November 19, 2009 –
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RELATED TICKERS: AFAM
, ARP
, BOLT
Every year, Forbes creates a list of the top 200 best small companies in America. Which current Magic Formula stocks are part of the list, and which ones have been a part of MFI in 2009?
Read the full article at:
http://www.magicdiligence.com/articles/mfi-in-forbes-200-small-companies-2009
(this article contains tables that do not format into CAPS)
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