Market down over 2% for the week. This is good as I get a better price on the 4th round of purchases. I will be a bit busy for the weekend so I will put the orders today and will be filled Monday morning. As previously posted, the magic formula stocks have performed well in this choppy market.

This rounds purchases include ICF International (ICFI) and Comsys IT partners (CITP). These stocks have all the characteristics of magic formula stock:

  • Low P/E
  • High ROIC (duh)
  • High EBITDA
  • etc..

This time I did not go strictly with the highest pre tax earnings yield. I used the magic formula website screen (Top 25 stocks with at least a 50 million market cap) and checked a site that has magic formula rankings. The first 2 that appeared on the magic formula rankings were chosen, in this case ICFI and CITP.

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