Every two months we* generate a list of the top 25 stocks that have at least a $100 million market capitalization. We use Joel Greenblatt's MFI site at www.magicformulainvesting.com to generate the list.
Resulting tickers are copied into www.random.org/lists/ to randomly rank the companies from 1-25 and select the first 6 stocks.
If a stock already appears on TrackJGreenblatt CAPS page or is unavailable as a CAPS pick, the next stock on the list will be chosen.
The resulting selection of 6 stocks is entered into Joel Greenblatt's CAPS page.
Stocks will be held for one year then sold.
We intend to gradually build our position over the course of a year
June 12, 2008 MFI top 25 Over 100mm mkt cap (List already randomized):
PCR - already appears on TrackJGreenblatt
TRID - already appears on TrackJGreenblatt
NTRI - Purchase #1
MDP - Purchase #2
HLYS - Purchase #3
KFY - already appears on TrackJGreenblatt
UNTD - Purchase #4
DTPI - Purchase #5
CITP - Purchase #6
Timestamp: 2008-06-13 17:28:40 UTC
Selections as of October 2007 are also tracked in an www.icarra.com mock portfolio here: http://www.icarra.com/viewPortfolio.php?id=2489
*Profile is managed by member ZiggyDawg who is using a slightly modified selection criteria of Magic Formula in his IRA. His MFI buys can be seen on his personal CAPS page. ZiggyDawg is not a Fool employee. [more]