Magic Formula Investing Weekly Roundup 11/14/2010
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: CNU - Continucare Corp EGY - Vaalco Energy Inc FRX - Forest Laboratories Inc.
KLIC - Kulicke and Soffa Industries Inc
MFW - M & F Worldwide Corp. VALU - Value Line Inc
ZLCS - Zalicus Inc
Dropping out of the 50 over 50 million screen:
ANSW - Answers Corp
CRME - Cardiome Pharma Corp
GTIV - Gentiva Health Services Inc GXDX - Genoptix Inc JCG - J Crew Group Inc SNTA - Synta Pharmaceuticals Corp TNDM - Neutral Tandem Inc
Entering the 50 over 1 billion screen: CUB - Cubic Corp DELL - Dell Inc FRX - Forest Laboratories Inc. GILD - Gilead Sciences Inc
MMS - MAXIMUS Inc.
Dropping out of the 50 over 1 billion screen: BKE - Buckle Inc. (The)
BLUD - Immucor Inc GIB - CGI Group Inc. UIS - Unisys Corp WTW - Weight Watchers International Inc.
Entering the 30 over 3 billion screen: FLR - Fluor Corp. FRX - Forest Laboratories Inc. GILD - Gilead Sciences Inc GME - GameStop Corp.
Dropping out of the 30 over 3 billion screen:
BIIB - Biogen Idec Inc GCI - Gannett Co Inc. GIB - CGI Group Inc.
LXK - Lexmark International Inc.