|
Re: The Little Book That Beats the Market - Joel Greenblatt
On August 31, I ran the 'magic formula' results through the MOS calculator, but at that time only found 2 stock that passed both tests, MTEX and OVTI. MTEX was $14.48 and OVTI was $16.60. I never attempted to paper trade MTEX, because it seemed to much like a flim-flam Amway-type operation to me.
Today, they closed at $14.17 and $14.49 respectively. In the interim, MTEX topped $19 at one point, so we could have made money IF we knew when to get out. OVTI has never really gone anywhere.
We are not impressed.
|