wikinvest Sr. Director
|last edit 3167||days ago|
When MagicDiligence first launched over 9 years ago, the initial goal was simple: Take Joel Greenblatt's Magic Formula Investing screens and do some more in-depth research on the stocks it uncovered, finding the truly great companies in the lists and weeding out the fad stocks, companies with one-time non-recurring revenue events, firms with shaky balance sheets,... read more
Was it really just a few years ago that financial analysts were writing Best Buy's (BBY) obituary?
Forbes was certain that that company would be out of business by now.
USA Today was certain that Amazon (AMZN) would price Best Buy out of business and predicted a Circuit City-like death.
The Motley Fool won't back down, just a few weeks ago still pumping Amazon as Best Buy's... read more
It was a relatively quiet week for turnover in the Magic Recipe Spell, with only 2 stocks trading places and 2 10% movers, both to the negative side. Qualcomm was down based mainly on a $1 billion dollar lawsuit from Apple (AAPL), and Michaels fell because of an announced secondary share offering that will dilute exiting shareholders.
Here are your full lists. To see the change... read more