Another round of purchases for the magic formula. The portfolio continues to perform as well as my real life portfolio which consists of larger companies with more stable earnings. IAR continues to be the biggest dog as its down 70%. The company is horrible in terms of balance sheet and earnings. I have no idea how it is even alive considering the amount of debt it carries. I was a bit surprised to see NVDA to fall into the top 25 for companies with a market cap of 50 or more. Usually when a well know falls in this screen it means it is ranking high among the magic formula stocks. So I purchased it for this round of purchases. Below are the 3 stocks purchased with performance and turnover.

NVIDIA CORP (NVDA)  provides visual computing technologies designed to generate interactive graphics on consumer and professional computing devices in the United States and internationally. NVIDIA was founded in 1993 and is headquartered in Santa Clara, California. The company currently sports a P/E of 8 and has a ROIC of 33%. According to Yahoo Finance, it has an Enterprise Value/EBITDA of 4.425 or a yield of 22.59%

Biovail (BVF) , a pharmaceutical company, engages in the formulation, clinical testing, registration, manufacture, and commercialization of pharmaceutical products utilizing various drug-delivery technologies in the United States and Canada. The company currently sports a P/E of 10 and has a ROIC of 12%. According to Yahoo Finance, it has an Enterprise Value/EBITDA of 3.064 or a yield of 32.64%

Qiao Xing Mobile Communication Co., Ltd. (QXM), together with its subsidiaries, engages in the development, production, marketing, and sale of mobile phones and accessories based primarily on global system for mobile cellular technologies in the People’s Republic of China. The company currently sports a P/E of 3 and has a ROIC of 32%. According to Yahoo Finance, it has an Enterprise Value/EBITDA of 0.403 or a yield of 248% (<—–Suspectful)

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