Magic Formula Investing Weekly Roundup 12/16/2012
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:Herbalife Ltd (HLF)
Lifevantage Corp (LFVN)
PetMed Express Inc (PETS)
Dropping out of the 50 over 50 million screen:Cumberland Pharmaceuticals Inc (CPIX)
Mesabi Trust (MSB)
Valassis Communications Inc. (VCI)
Entering the 50 over 1 billion screen:Endo Pharmaceuticals Holdings Inc (ENDP)
Lockheed Martin Corp (LMT)
Dropping out of the 50 over 1 billion screen:Fluor Corp. (FLR)
Joy Global Inc (JOY)
Entering the 30 over 3 billion screen:Gannett Co Inc. (GCI)
Dropping out of the 30 over 3 billion screen:McKesson Corp (MCK)
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