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MagicDiligence (< 20)

Magic Formula Investing Weekly Roundup 11/24/2013

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November 24, 2013 – Comments (1) | RELATED TICKERS: GME , LQDT , VIAB

Magic Formula Investing (MFI), as described by hedge fund manager Joel Greenblatt inThe 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:

GameStop Corp. (GME)
Liquidity Services Inc (LQDT)
Myriad Genetics Inc (MYGN)
USA Mobility Inc (USMO)
Weight Watchers International Inc. (WTW)

Dropping out of the 50 over 50 million screen:

Hewlett-Packard Co (HPQ)
Intersections Inc (INTX)
ManTech International Corp (MANT)
Nature's Sunshine Products Inc (NATR)
Exelis Inc (XLS)

Entering the 50 over 1 billion screen:

GameStop Corp. (GME)
Myriad Genetics Inc (MYGN)
Viacom Inc (VIAB)
Weight Watchers International Inc. (WTW)

Dropping out of the 50 over 1 billion screen:

Accenture, Ltd. (ACN)
Gap Inc. (The) (GPS)
Joy Global Inc (JOY)
Synaptics Inc (SYNA)

Entering the 30 over 3 billion screen:

GameStop Corp. (GME)
Viacom Inc (VIAB)

Dropping out of the 30 over 3 billion screen:

Accenture, Ltd. (ACN)
Gap Inc. (The) (GPS)

 

1 Comments – Post Your Own

#1) On November 24, 2013 at 1:12 PM, Mega (99.95) wrote:

Did you see the big news?

http://www.formulainvestingfunds.com/

"We are pleased to announce the upcoming merger of Formula Investing’s operations into Gotham Asset Management, the advisor to the Formula Investing Mutual Funds. We believe that utilizing our valuation principles to invest on both the long and the short-side will provide additional benefits over long-only investing." 

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