Magic Formula Investing Weekly Roundup 9/12/2010
September 12, 2010
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RELATED TICKERS: HRB
, GPS
, FSYS
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:
FSYS - Fuel Systems Solutions Inc
HRB - Block (H&R) Inc. LO - Lorillard Inc ZLCS - Zalicus Inc
Dropping out of the 50 over 50 million screen:
CRXX - CombinatoRx Inc
GMAN - Gordmans Stores Inc
MPAA - Motorcar Parts of America Inc VALU - Value Line Inc Entering the 50 over 1 billion screen:
GPS - Gap Inc. (The) HRB - Block (H&R) Inc. TER - Teradyne Inc.
Dropping out of the 50 over 1 billion screen:
ABC - AmerisourceBergen Corp
INTC - Intel Corp WTW - Weight Watchers International Inc. Entering the 30 over 3 billion screen:
DV - DeVry Inc
FWLT - Foster Wheeler AG HRB - Block (H&R) Inc. Dropping out of the 30 over 3 billion screen:
ENDP - Endo Pharmaceuticals Holdings Inc
FLR - Fluor Corp.
SAI - SAIC Inc