January 2013
January 29, 2013 –
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RELATED TICKERS: AGX
, FLR
, FWLT
Argan (AGX) is a small holding company with two consolidated subsidiaries. By far the largest is Gemma Power Systems (GPS), which accounted for close to 95% of sales and gross profits for the first 9 months of this fiscal year ending in January. Gemma is involved in the planning, construction, renovation, and maintenance of power production facilities. The smaller subsidiary is Southern Maryland Cable (SMC), at less than 5% of sales and profits. SMC contracts jobs for telecommunications installations, including indoor wiring and equipment installation and outdoor jobs requiring buried cable. [more]
January 27, 2013 –
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RELATED TICKERS: COH
, DGX
, HRS
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: [more]
January 25, 2013 –
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RELATED TICKERS: AAPL
, DELL
, HPQ
Apple is a current MagicDiligence Top Buypick. [more]
January 20, 2013 –
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RELATED TICKERS: ENDP
, JOY
, AAPL
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: [more]
January 16, 2013 –
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RELATED TICKERS: KLAC
, AMAT
KLA-Tencor (KLAC) is one of the world's biggest semiconductor equipment firms. The company specializes in the process, diagnostic, and control (PDC) segment of the market. In a nutshell, PDC tools are used to find and correct defects in the manufacturing lines of semiconductor factories ("fabs"). Getting a high number of working chips per silicon wafer (yield) is one of the biggest keys to good profitability for semiconductor firms, making KLA's tools extremely important to its customers. The company sells to 3 primary customer categories: foundries (contract manufacturers like Taiwan Semiconductor (TSM)), logic (integrated chip makers like Intel (INTC)), and memory (commodity memory firms like Micron (MU)). [more]
January 13, 2013 –
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RELATED TICKERS: GCI
, MHFI
, UBNT
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: [more]
January 11, 2013 –
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RELATED TICKERS: WDC
, STX
The two major hard disk drive (HDD) makers,Seagate (STX) and Western Digital (WDC), have been perennial Magic Formula® Investing (MFI) stocks for years. Good ones, too. Both are up over 55% over the past 5 years, handily outperforming the S&P 500. The past 12 months have been particularly fruitful, with Seagate more than doubling and Western up 40%, easily exceeding the market's 11% return. [more]
January 06, 2013 –
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RELATED TICKERS: ABT
, HPQ
, VCI
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: [more]
January 04, 2013 –
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RELATED TICKERS: ESI
, CECO
, ASYS
As promised in the 2012 review article, we'll recap the 5 individual best and worst performing stocks of Magic Formula® Investing (MFI) in 2012, along with some comments on each. The idea here is to try and identify any trends or lessons we can take from these individual stocks and apply to picking stocks from the screen going forward. [more]
January 02, 2013 –
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RELATED TICKERS: CRAY
, EXPE
, OSIR
As promised in the 2012 review article, we'll recap the 5 individual best and worst performing stocks of Magic Formula® Investing (MFI) in 2012, along with some comments on each. The idea here is to try and identify any trends or lessons we can take from these individual stocks and apply to picking stocks from the screen going forward. [more]