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This is a Joel Greenblatt magic formula pick. After reading The Little Book That Beats the Market, I was surprised to see how poorly Joel Greenblatt was doing on caps (TrackJGreenblatt) using his investing formula. However, since he repeatedly states in the book that the formula fails often enough that most people will give up on it, and even when it does work it requires buying a stock when it is not favored by the market and holding onto it for a year or more, I figured the way he was being tracked might not be a true indication of how well his magic formula was really performing.
I decided I would track some of the stocks his formula came up with that were not being tracked on his caps page. In addition to picking from the stocks selected by magicformulainvesting.com that are not currently being tracked by TMF, I will track all the magic formula stocks I pick for a year. Greenblatt recommends holding stocks for a year or more, however, all the stocks being tracked on his caps page are only being tracked for only 3 weeks.
Oops, sorry. I am new to Caps and quickly typed up a blurb to post with all the stocks I had selected from magicformulainvesting.com figuring I would come back later and edit them. However, I just came back later and found several badly worded sentences and duplicated words I wanted to edit, but I could not find any function which would allow me to do so. Seems once you post something on caps it is there for good. Hmm, guess I will be more careful with my posts in the future.
Of course, now that I have posted this explanation blurb along with all my previous magic formula picks I will probably notice some mistakes in it that I want to edit but can't. Arrgh, I have started a vicious cycle of editing torment!
i like mdp i think it is extremely undervalued. i believe in buy and hold, but you should make a concrete decision after a year. so his method of holding for a year is right. then looking at charts of the year the stock has traded flat, i like this; because with solid fundamentals it is primed for a breakout. i have mdp in the 100 price range over a two year period.