Magic Formula Investing Weekly Roundup 10/10/2010
October 10, 2010
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RELATED TICKERS: DNB
, GME
, HPQ
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:
CHKE - Cherokee Inc CNXT - Conexant Systems Inc
CRME - Cardiome Pharma Corp
LPS - Lender Processing Services Inc PVSW - Pervasive Software Inc Dropping out of the 50 over 50 million screen:
DRWI - DragonWave Inc GTIV - Gentiva Health Services Inc
LHCG - LHC Group Inc TNDM - Neutral Tandem Inc VALU - Value Line Inc Entering the 50 over 1 billion screen:
BLUD - Immucor Inc
Dropping out of the 50 over 1 billion screen:
ACN - Accenture PLC Entering the 30 over 3 billion screen:
DNB - Dun & Bradstreet Corp (The) GME - GameStop Corp. HPQ - Hewlett-Packard Co
Dropping out of the 30 over 3 billion screen:
ACN - Accenture PLC FLR - Fluor Corp. LPS - Lender Processing Services Inc