Time for another round of purchases. The magic formula continues to perform great as we head into the final stretch of the year. The magic formula is beating the S&P by a cool 8% and is up 5% the past 3 months. The magic formula is also eeking the S&P by .07% over the past [...]
According to his latest 13F filing with the SEC, Joel Greenblatt 368,000 shares of Office Depot (ODP). Joel Greenblatt also sold out of American Express (AXP), Aeropostale (ARO), Autozone (AZO) and reduced his holdings in Wal-Mart (WMT).
Many well known value investors have been buying up shares of Office Depot and Staples. Along with Office Max, [...]
Originally, I set the Garcia Magic Fund to purchase 3 stocks every 3 months with the stocks representing 2%. It was a mistake. A friend who read the page pointed out the fund will have 50 stocks. That amount of stocks is well above the 20-30 Joel Greenblatt recommends for establishing a magic formula [...]
