Magic Formula Weekly Roundup 8/2/2015
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:
Dice Holdings Inc (DHX)
Lifevantage Corp (LFVN)
Wi-LAN Inc (WILN)
Willdan Group Inc (WLDN)
Dropping out of the 50 over 50 million screen:
DepoMed Inc. (DEPO)
Gilead Sciences Inc (GILD)
Psivida Corp (PSDV)
Spok Holdings Inc (SPOK)
Entering the 50 over 1 billion screen:
Crown Media Holdings Inc (CRWN)
Qualcomm Inc. (QCOM)
Starz (STRZA)
Syntel Inc (SYNT)
Time Inc (TIME)
USANA Health Sciences Inc (USNA)
Dropping out of the 50 over 1 billion screen:
Booz Allen Hamilton Holding Corp (BAH)
DepoMed Inc. (DEPO)
Gilead Sciences Inc (GILD)
Protein Design Labs Inc (PDLI)
Raytheon Co. (RTN)
Xilinx Inc. (XLNX)
Entering the 30 over 3 billion screen:
General Dynamics Corp (GD)
International Business Machines (IBM)
Qualcomm Inc. (QCOM)
Starz (STRZA)
Dropping out of the 30 over 3 billion screen:
Booz Allen Hamilton Holding Corp (BAH)
Gilead Sciences Inc (GILD)
Raytheon Co. (RTN)
Xilinx Inc. (XLNX)
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