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

Since rolling out the new screener and stock statistical distribution tools, one question I've been asked several times is:

Why does a negative return on capital figure rank higher than positive ones?

It is a completely logical and counter-intuitive question that I myself struggled with when developing these. So today, I wanted to write up a quick article explaining... read more

Posted on 03:46, July 15, 2015

As you can imagine, I'm a big fan of Joel Greenblatt's Magic Formula® Investing strategy.

There is a certain "complex simplicity" to the method.

The real brilliance, in my opinion, is the utilization of earnings yield, or EBIT (earnings before interest and taxes) divided by enterprise value (market cap minus net cash or plus net debt). This is far... read more

Posted on 02:37, June 29, 2015

A typically slow non-earnings week in the Magic Formula® screens, with not much turnover in the 3 we follow. Interpublic Group (IPG) is about the only notable addition, entering both the $1 billion and $3 billion screens. I expect to see turnover pick up within the next few weeks as Q2 comes to a close.

Entering the 50 over 50 million screen:

Lifevantage Corp... read more

Posted on 03:25, June 28, 2015
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