Seeking Alpha Seeking Alpha Portfolio App for iPad Profile| Send
Message| (60,548)    Joel Greenblatt's Magic Formula Investing
(MFI) strategy is unequivocally a value strategy, ranking the
entire universe of equities by earnings yield (a proxy for
price-to-earnings multiple) and return on tangible invested
capital. The stocks that rank at the top are, by design, cheaply
priced against their past earnings, and have earned very high
returns on retained capital.  The key question, though, is can
those high returns be re-invested at similar returns to generate
an increasing revenue base? Without growth, there is a limited
amount of stock appreciation potential.  In light of this, I
went looking for current MFI stocks that have delivered
significant, trailing twelve month revenue increases against the
prior year's period. This gives us a list of value priced stocks
that have delivered good recent growth - often a sign that they
will be able to continue growing in the near future.  Instead of
doing a straight stat