Magic Formula Investing Weekly Roundup 11/21/2010
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:
ASYS - Amtech Systems Inc DLX - Deluxe Corp ELNK - EarthLink Inc
GLPW - Global Power Equipment Group Inc GME - GameStop Corp. MPAA - Motorcar Parts of America Inc
Dropping out of the 50 over 50 million screen: CJJD - China Jo-Jo Drugstores Inc EGY - Vaalco Energy Inc KIRK - Kirkland's Inc
KLIC - Kulicke and Soffa Industries Inc LPS - Lender Processing Services Inc
MFW - M & F Worldwide Corp.
Entering the 50 over 1 billion screen: DLX - Deluxe Corp
LRCX - Lam Research Corp MD - Mednax Inc
Dropping out of the 50 over 1 billion screen: CUB - Cubic Corp GPS - Gap Inc. (The)
MMS - MAXIMUS Inc.
Entering the 30 over 3 billion screen:
HPQ - Hewlett-Packard Co
LRCX - Lam Research Corp
Dropping out of the 30 over 3 billion screen: FLR - Fluor Corp.
SAI - SAIC Inc
Calculate Magic Formula statistics for any stock with the MFI Stats Calculator tool.