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MagicDiligence (< 20)

Magic Formula Weekly Roundup 7/10/2010

Recs

2

July 10, 2010 – Comments (2) | RELATED TICKERS: LPS , TJX , JCG.DL

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:

AGX - Argan Inc
ARO - Aeropostale Inc.
HRB - Block (H&R) Inc.

Dropping out of the 50 over 50 million screen:

CMFO - China Marine Food Group Ltd
ENDP - Endo Pharmaceuticals Holdings Inc
NSR - NeuStar Inc

Entering the 50 over 1 billion screen:

DLX - Deluxe Corp
JCG - J Crew Group Inc

Dropping out of the 50 over 1 billion screen:

MO - Altria Group Inc
SNDK - SanDisk Corp

Entering the 30 over 3 billion screen:

LPS - Lender Processing Services Inc
TJX - TJX Companies Inc (The)

Dropping out of the 30 over 3 billion screen:

GD - General Dynamics Corp
LMT - Lockheed Martin Corp

 

2 Comments – Post Your Own

#1) On July 10, 2010 at 2:38 PM, Eudemonic (64.69) wrote:

Magic:

In your July 3 post, you noted that DLX dropped from the screen. On 7/3 DLX closed at $18.60.

Today DLX is in again at $19.57. What do you make of this?

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#2) On July 10, 2010 at 9:42 PM, MagicDiligence (< 20) wrote:

DLX's market cap is right around the screen cutoff at $1 billion.  At $18.60 it would have been below $1 billion, at $19.57 right at $1 billion.

Below $1 billion it probably wasn't cheap enough at $18.60. 

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