Joel Greenblatt produces a list of magic formula stocks on his free web site;
based on his popular work “The Little Book That Beats the Market”.
As most of you know, he’s looking for good companies selling at cheap prices. Companies with a high ROIC are good companies and a high earnings yield measure cheapness. The combination of ROIC and Earnings yield (EBIT/EV) are ranked and averaged together. The highest ranking stocks are hopefully the most desirable.
Not a perfect search but may contain some useful nano cap ideas;
The search was further restricted by market capitalization; only companies below 50 million, reporting year over year quarterly revenue increase, share count reduction or relatively flat based on the average prior 3 year count versus the TTM share count.
These 4 introductions have already seen large price movement over their 52 week low.
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