Magic Formula Investing Weekly Roundup 10/3/2010
October 03, 2010
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RELATED TICKERS: ABC
, INTC
, ACN
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:
CMTL - Comtech Telecommunications Corp.
CSGS - CSG Systems International Inc.
GTIV - Gentiva Health Services Inc
NEP - China North East Petroleum Holdings Ltd
PSDV - Psivida Corp
VALU - Value Line Inc Dropping out of the 50 over 50 million screen:
CNXT - Conexant Systems Inc
CRME - Cardiome Pharma Corp
JCOM - j2 Global Communications Inc KIRK - Kirkland's Inc MPAA - Motorcar Parts of America Inc TSRA - Tessera Technologies Inc Entering the 50 over 1 billion screen:
ACN - Accenture PLC HRS - Harris Corp
INTC - Intel Corp Dropping out of the 50 over 1 billion screen:
CRI - Carter's Inc. GIB - CGI Group Inc. NUS - Nu Skin Enterprises Inc.
Entering the 30 over 3 billion screen:
ABC - AmerisourceBergen Corp
Dropping out of the 30 over 3 billion screen:
DV - DeVry Inc