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Article: Greenblatt Strategy Ranks Pre-Paid Legal Services as Investment Winner.
- Article from:
- PR Newswire
- Article date:
- October 30, 2009
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ADA, Okla., Oct. 30 /PRNewswire-FirstCall/ -- Pre-Paid Legal Services, Inc. has been named as the 4th highest rated stock in a recent ranking of the 3,500 largest U.S. stocks by Joel Greenblatt, a leading investment strategist and author of The Little Book That Beats the Market.
Greenblatt's so-called "Magic Formula" for investing is based on specific applications of two important variables: 1) return on capital, or how profitably a company uses its assets, and 2) earnings yield, or the earnings per share divided by the stock price. Among the 3,500 stocks rated, PPD garnered a ranking of number 32 for return on capital and number 16 for earnings yield. The ...