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The goal of MagicDiligence is to find the best companies appearing in Joel Greenblatt's Magic Formula screens.

Boiled down to its absolute core, business is about one thing: turning assets into free cash flow.

It really is as simple as that!

It strikes me as odd, then, that free cash flow is not popularly used to tell if a stock is cheap. We use the exploitable earnings number for calculating the P/E ratio and earnings yield. We use another maneuverable number - book value - to... read more

Posted on 02:51, October 20, 2014

As usual for a non-earnings week, not a ton of action on the Magic Formula® screens last week. But there were a few movements of note.

First off, OTC micro-cap Natural Health Trends (NHTC) re-entered the $50 million screen. This has been one volatile little stock, fluctuating from under $7 back in July to over $20 in January to back under $10 last week and then back over... read more

Posted on 04:47, October 5, 2014

Shares of CTC Media (CTCM) have dropped precipitously over the past few weeks, from over $9 to under $7, as a new law surrounding ownership of mass media companies in Russia has quickly gained steam.

If passed, this law will have significant consequences for non-Russian shareholders of CTC stock - that's us.

However, it also makes CTCM one incredibly cheap stock.... read more

Posted on 02:47, October 1, 2014
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