Magic Formula Investing Weekly Roundup 09/26/2010
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:
CRME - Cardiome Pharma Corp KIRK - Kirkland's Inc MPAA - Motorcar Parts of America Inc
Dropping out of the 50 over 50 million screen: CECO - Career Education Corp
FSYS - Fuel Systems Solutions Inc MGIC - Magic Software Enterprises Ltd
Entering the 50 over 1 billion screen: CRI - Carter's Inc. GPS - Gap Inc. (The)
NUS - Nu Skin Enterprises Inc.
Dropping out of the 50 over 1 billion screen: ACN - Accenture PLC CA - CA Inc
DV - DeVry Inc
Entering the 30 over 3 billion screen: FLR - Fluor Corp.
Dropping out of the 30 over 3 billion screen: DNB - Dun & Bradstreet Corp (The)