Magic Formula Purchases for Nov. 2008
Nov 12, 2008 Uncategorized
Markets are in bear market mode and things aren’t looking as if they are going to turn around quickly. The magic formula portfolio is ahead by 4% . This is quite good considering there are some major downers like Idearc (IAR) which is down over 90%. Word in cyberspace is many magic formula investors are feeling the same pain. I have wrote in several online communities that it might be one of those years that value simply does not work. Below are two new purchases to the outperforming portfolio.
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