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MagicDiligence (< 20)

December 2012

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Magic Formula Investing 2012 Performance Review

December 31, 2012 – Comments (0) | RELATED TICKERS: GTAT , USNA , ACN

The MagicDiligence Top Buys portfolio had a solid year in 2012. The average for all positions held during the year was a 10.2% gain, vs. a 8.2% return for a matching position of the SPY (S&P 500 tracking fund), giving us a decent 2% outperformance. 60% of our positions outperformed their respective SPY comparison. Remember that we utilize a newsletter-style portfolio instead of real money (i.e., all positions are weighted equally and averaged to calculate performance).  [more]

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Can Best Buy Stock Live Up to its Name?

December 18, 2012 – Comments (0) | RELATED TICKERS: BBY , AAPL , AMZN

Best Buy (BBY) is the largest U.S. retailer of consumer electronics, with roughly 19% of the domestic and 5% of the global market. In addition to over 1,000 "big box" Best Buy locations in the U.S., the company also has over 400 smaller Best Buy Mobile locations that cell cell phones and other mobile devices. Internationally, Best Buy has about 2,400 smaller locations in Europe, 300 locations in Canada (including the Future Shop brand), and 200 stores in China (mainly the Five Star brand). Best Buy's product categories are: consumer electronics (TVs, digital cameras, etc. - about 31% of sales), computing and mobile phones (laptops, desktops, smartphones, tablets, etc. - 46%), entertainment (gaming consoles, video games, movies and music - 8%), appliances (about 8%), and services (7%).  [more]

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Magic Formula Investing Weekly Roundup 12/16/2012

December 16, 2012 – Comments (0) | RELATED TICKERS: GCI , ENDP , LMT

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]

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The 10 Fastest Growing Magic Formula Stocks

December 13, 2012 – Comments (0) | RELATED TICKERS: AAPL , WDC , QCOR

Joel Greenblatt's Magic Formula® Investing (MFI) strategy is a value stock picking mechanism. It looks for stocks with the best combination of a high earnings yield and a high return on tangible capital, creating a simple algorithm to find "great companies at cheap prices".  [more]

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Magic Formula Investing Weekly Roundup 12/9/2012

December 09, 2012 – Comments (0) | RELATED TICKERS: BKE , QSII , MBLX

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]

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Western Union is Sending Cash Your Way

December 06, 2012 – Comments (0) | RELATED TICKERS: WU , MGI

Today I want to take a short detour off of the usual mission of finding Magic Formula® Investing's best stocks. For some time now, MagicDiligence has offered its own set ofsimilar screens. For the most part, our method has correlated well with the official list. But, due to many potential factors (calculation differences, categorization of certain financials, treatment of foreign stocks, etc.), the screens do bring up different stocks, too.

One such stock looks particularly interesting and I wanted to bring it to MFI investor's attention in this article. The stock is that of Western Union (WU).  [more]

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