Magic Formula Weekly Roundup 6/26/2010
June 26, 2010
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RELATED TICKERS: KIRK
, DECK
, DELL
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:
KIRK - Kirkland's Inc
PVSW - Pervasive Software Inc Dropping out of the 50 over 50 million screen:
ARO - Aeropostale Inc. NSR - NeuStar Inc Entering the 50 over 1 billion screen:
CRI - Carter's Inc.
DECK - Deckers Outdoor Corp DELL - Dell Inc Dropping out of the 50 over 1 billion screen:
BVF - Biovail Corp COCO - Corinthian Colleges Inc. JCOM - j2 Global Communications Inc Entering the 30 over 3 billion screen:
MCK - McKesson Corp OMC - Omnicom Group Inc. Dropping out of the 30 over 3 billion screen:
FWLT - Foster Wheeler AG OSK - Oshkosh Corp