Comments for Value Investing Pro http://www.valueinvestingpro.com Tue, 09 Mar 2010 11:45:43 -0800 http://wordpress.org/?v=2.8.6 hourly 1 Comment on Getting Back On The Saddle by Bob http://www.valueinvestingpro.com/2009/12/22/getting-back-on-the-saddle/comment-page-1/#comment-1317 Bob Tue, 09 Mar 2010 11:45:43 +0000 http://www.valueinvestingpro.com/?p=567#comment-1317 hurry up and make a new post lol. I'm curious to hear what you have to say about the market for the past couple months. hurry up and make a new post lol. I’m curious to hear what you have to say about the market for the past couple months.

]]> Comment on Creating A Magic Formula Screen With Google Finance by Daniel http://www.valueinvestingpro.com/2009/09/13/creating-a-magic-formula-screen-with-google-finance/comment-page-1/#comment-1305 Daniel Sun, 07 Mar 2010 20:05:50 +0000 http://www.valueinvestingpro.com/?p=445#comment-1305 The general screen on p. 135 is not identical to the screen he uses--and Greenblatt explains this a few times in the book, going into greatest detail in the appendix. Greenblatt's site screens for Return on Capital and Earnings Yield, and he defines Return on Capital as pre-tax operating earnings (EBIT) divided by the sum of "net working capital" plus "net fixed assets". Also notable is that he defines earnings yield not as earnings divided by price (as occurs in some other screens I know) but rather EBIT divided by enterprise value. Because Greenblatt knows that those ratios aren't often covered by other people's screens, he offers ROA over 25% and low P/Es as substitute screening criteria. Interestingly, a few of the names from your Google screen in September now (March 2010) show up on the Greenblatt screen: ARO, CHKE, SOHU, APOL, and LO. For what it's worth. And of course the Greenblatt results depend on what market cap range you specify.... The general screen on p. 135 is not identical to the screen he uses–and Greenblatt explains this a few times in the book, going into greatest detail in the appendix. Greenblatt’s site screens for Return on Capital and Earnings Yield, and he defines Return on Capital as pre-tax operating earnings (EBIT) divided by the sum of “net working capital” plus “net fixed assets”. Also notable is that he defines earnings yield not as earnings divided by price (as occurs in some other screens I know) but rather EBIT divided by enterprise value. Because Greenblatt knows that those ratios aren’t often covered by other people’s screens, he offers ROA over 25% and low P/Es as substitute screening criteria.

Interestingly, a few of the names from your Google screen in September now (March 2010) show up on the Greenblatt screen: ARO, CHKE, SOHU, APOL, and LO. For what it’s worth. And of course the Greenblatt results depend on what market cap range you specify….

]]> Comment on Creating A Magic Formula Screen With Google Finance by Steve http://www.valueinvestingpro.com/2009/09/13/creating-a-magic-formula-screen-with-google-finance/comment-page-1/#comment-1304 Steve Sun, 07 Mar 2010 19:28:26 +0000 http://www.valueinvestingpro.com/?p=445#comment-1304 Thanks for putting this up. Google stock screener rocks. Way better than yahoo, imo. I just finished Greenblatt's book, really good stuff for us value investors. I found his modifications to earnings yield interesting.... he uses enterprise value and makes another adjustment. For example, I checked out the stats on some stocks that came up in the magic screen, and the p/e's looked horrible. But then I looked at enterprise value and a different story was told. As an example check out KHD. It has no trailing earnings and thus no p/e. But it's trading at a slight discount to CASH! Thanks for putting this up. Google stock screener rocks. Way better than yahoo, imo.

I just finished Greenblatt’s book, really good stuff for us value investors.

I found his modifications to earnings yield interesting…. he uses enterprise value and makes another adjustment.

For example, I checked out the stats on some stocks that came up in the magic screen, and the p/e’s looked horrible. But then I looked at enterprise value and a different story was told.

As an example check out KHD. It has no trailing earnings and thus no p/e. But it’s trading at a slight discount to CASH!

]]> Comment on Creating A Magic Formula Screen With Google Finance by Vanetta Bogle http://www.valueinvestingpro.com/2009/09/13/creating-a-magic-formula-screen-with-google-finance/comment-page-1/#comment-1054 Vanetta Bogle Wed, 03 Feb 2010 13:08:30 +0000 http://www.valueinvestingpro.com/?p=445#comment-1054 Howdy that?s a very fascinating view, It does give one food for thought, I am genuinely delighted I stumbled on your blog, i was using Stumbleupon at the time, in any case i don?t want to drift on too much, but i would like to mention that I will be back when I have a little time to read your blog more thoroughly, Once again thank you for the blog post and please do keep up the good work, Howdy that?s a very fascinating view, It does give one food for thought, I am genuinely delighted I stumbled on your blog, i was using Stumbleupon at the time, in any case i don?t want to drift on too much, but i would like to mention that I will be back when I have a little time to read your blog more thoroughly, Once again thank you for the blog post and please do keep up the good work,

]]> Comment on Festival of Stocks #163 by Dortha Salera http://www.valueinvestingpro.com/2009/10/19/festival-of-stocks-163/comment-page-1/#comment-1006 Dortha Salera Thu, 21 Jan 2010 20:40:16 +0000 http://www.valueinvestingpro.com/?p=508#comment-1006 I've been investing for around 7 years now and I'm always watching out for quality sites and writings. This one totally hits a note with me and I'm considering quoting it on my own site. Do you mind if I do? I’ve been investing for around 7 years now and I’m always watching out for quality sites and writings. This one totally hits a note with me and I’m considering quoting it on my own site. Do you mind if I do?

]]> Comment on 7 Magic Formula Health-Care Stocks by 161st Edition of the Festival of Stocks | Breaking News Now! http://www.valueinvestingpro.com/2009/09/29/7-magic-formula-health-care-stocks/comment-page-1/#comment-1001 161st Edition of the Festival of Stocks | Breaking News Now! Tue, 19 Jan 2010 04:02:38 +0000 http://www.valueinvestingpro.com/?p=472#comment-1001 [...] 7 Magic Formula Health-Care Stocks posted at Value Investing Pro, saying, “Throughout the years, certain trends develop within the Magic Formula Investing system that one takes notice of. For example, when earnings season arrives, there are more stocks moving in and out of the magic formula screen. Another trend that arises is the number of magic formula stocks that appear when a whole sector is under pressure, in this case the health-care sector.” [...] [...] 7 Magic Formula Health-Care Stocks posted at Value Investing Pro, saying, “Throughout the years, certain trends develop within the Magic Formula Investing system that one takes notice of. For example, when earnings season arrives, there are more stocks moving in and out of the magic formula screen. Another trend that arises is the number of magic formula stocks that appear when a whole sector is under pressure, in this case the health-care sector.” [...]

]]> Comment on Getting Back On The Saddle by Weekend Reading Links – December 27, 2009 | Finance Blog http://www.valueinvestingpro.com/2009/12/22/getting-back-on-the-saddle/comment-page-1/#comment-887 Weekend Reading Links – December 27, 2009 | Finance Blog Thu, 07 Jan 2010 06:19:33 +0000 http://www.valueinvestingpro.com/?p=567#comment-887 [...] Value Investing Pro presented Getting Back On The Saddle [...] [...] Value Investing Pro presented Getting Back On The Saddle [...]

]]> Comment on Magic Formula Stocks On The Move 12-13-09 by Weekend Reading Links – December 20, 2009 | Finance Blog http://www.valueinvestingpro.com/2009/12/13/magic-formula-stocks-on-the-move-12-13-09/comment-page-1/#comment-886 Weekend Reading Links – December 20, 2009 | Finance Blog Thu, 07 Jan 2010 06:16:54 +0000 http://www.valueinvestingpro.com/?p=565#comment-886 [...] Value Investing Pro presented Magic Formula Stocks On The Move 12-13-09 [...] [...] Value Investing Pro presented Magic Formula Stocks On The Move 12-13-09 [...]

]]> Comment on Magic Formla Investing Strategy 1a by Weekend Reading Links – December 13, 2009 | Finance Blog http://www.valueinvestingpro.com/2009/12/06/magic-formla-investing-strategy-1a/comment-page-1/#comment-885 Weekend Reading Links – December 13, 2009 | Finance Blog Thu, 07 Jan 2010 06:12:46 +0000 http://www.valueinvestingpro.com/?p=559#comment-885 [...] Value Investing Pro presented Magic Formla Investing Strategy 1a [...] [...] Value Investing Pro presented Magic Formla Investing Strategy 1a [...]

]]> Comment on Getting Back On The Saddle by Weekly Links: December 27, 2009 | Dividends Value http://www.valueinvestingpro.com/2009/12/22/getting-back-on-the-saddle/comment-page-1/#comment-861 Weekly Links: December 27, 2009 | Dividends Value Sun, 27 Dec 2009 11:33:07 +0000 http://www.valueinvestingpro.com/?p=567#comment-861 [...] Value Investing Pro presented Getting Back On The Saddle [...] [...] Value Investing Pro presented Getting Back On The Saddle [...]

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