Magic Formula Investing Weekly Roundup 9/6/2010
Magic Formula Investing (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:
Entering the 50 over 50 million screen:
CNXT - Conexant Systems Inc DLX - Deluxe Corp
GMAN - Gordmans Stores Inc VALU - Value Line Inc
Dropping out of the 50 over 50 million screen: AHCI - Allied Healthcare International Inc.
FSYS - Fuel Systems Solutions Inc HRB - Block (H&R) Inc.
TRMS - Trimeris Inc
Entering the 50 over 1 billion screen:
CUB - Cubic Corp UIS - Unisys Corp VPHM - ViroPharma Inc
Dropping out of the 50 over 1 billion screen: FLR - Fluor Corp. HRB - Block (H&R) Inc.
TER - Teradyne Inc.
Entering the 30 over 3 billion screen: ENDP - Endo Pharmaceuticals Holdings Inc
SAI - SAIC Inc
Dropping out of the 30 over 3 billion screen: GD - General Dynamics Corp HRB - Block (H&R) Inc.