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Steve Alexander

Steve Alexander is the founder and editor of MagicDiligence, an Internet-based research and recommendation service focused on finding the best opportunities from Joel Greenblatt's Magic Formula Investing screens.  By fundamental research of growth potential, competitive position, and financial health, his picks have vastly outperformed the market at a success rate far exceeding that of most mutual funds.  Prior to this, he was a successful independent stock investor for over 10 years.

The Summer IPO to Watch in 2010

Sep 10th, 2010 | By | Category: Featured, Penny stocks
This navigation stock went public back in May – but growth potential is just getting started for risk-hungry investors… TeleNav (NASDAQ: TNAV) provides location based services (LBS) through software that runs on mobile phones. The company's flagship product, accounting for 94% of revenue, is GPS Navigator, a voice-guided navigation program. The company ...read more


Why This Small-Cap Genetic Testing Firm Could Rise 35%

Jul 14th, 2010 | By | Category: Featured, Macroeconomics, Penny stocks, Technology
Investing in new technology is always risky, but sometimes incredibly lucrative. For that reason, I want to tell you about a tiny genetic testing firm that I’ve come across. This small-cap stock has some impressive offerings in the medical field, and I think it’s trading at a substantial discount. All ...read more


Don’t Buy Shares of This Small-Cap Internet Provider

May 24th, 2010 | By | Category: Featured, Investing Strategies, Penny stocks, Pink sheet stocks
Wall Street’s all about mixed messages – even companies with seemingly stellar investment prospects can turn out to be bad bets upon closer inspection. That’s the case with the small-cap internet stock I’m writing to you about today. Here’s everything you need to know to avoid this tiny vestige of ...read more


Stay Away from This Small-Cap Legal Stock

Apr 28th, 2010 | By | Category: Featured, Penny stocks, Pink sheet stocks
Sometimes penny stock investing isn’t a question of which stock to pick – it’s a matter of which stocks you should avoid. The recent run-up in stock prices across the board has given even the most unappealing stocks the appearance of upward momentum, and an uptick in ...read more


Take Advantage of a 43% Upside on this Healthcare Reform Stock Trade

Mar 30th, 2010 | By | Category: Featured, Macroeconomics, Penny stocks
With healthcare legislation at the forefront of investors’ minds right now, it’s only natural to expect a short-term rally in the medical supply stocks that are due to see increased sales volume at the hands of a $940 billion government dole. That’s why today, I’m here to share an impressive ...read more


This Magic Formula Investing Software Company Could Be a Big Buyout Target

Mar 9th, 2010 | By | Category: Featured, Macroeconomics, Penny stocks
With technology buzzwords like “cloud computing” and “Software-as-a-Service” increasing in popularity right now, it’s easy for small tech companies with truly innovative products to get passed over. But my latest magic formula investing play actually develops next-generation software products – and it does so with the fundamental numbers to back ...read more


This Small Medical Waste Company Offers Growth Right Now

Feb 11th, 2010 | By | Category: Featured, Penny stocks
Forget the likes of Google (NASDAQ: GOOG) and Apple (NASDAQ: AAPL) – sometimes boring industries can be home to the most attractive investments. That’s especially true in the small-cap world, where many companies haven’t yet reached their market potential. Such is the case with today’s tiny medical waste play.  Sharps Compliance ...read more


This Tiny Pharma Stock Gives Us Second Thoughts About Risk

Jan 21st, 2010 | By | Category: Featured, Macroeconomics, Penny stocks
Risk: it’s no stranger to most small-cap investors. In fact, more often than not, we welcome risk into our portfolios, hoping that the potential payoff from a volatile stock more than makes up for the chances of seeing it slide. But when it a stock’s risk profile too much? Today, we’re ...read more


Breaking Down the “Magic Formula” Strategy

Jan 13th, 2010 | By | Category: Featured, Investing Strategies, Macroeconomics
For the past couple weeks, I’ve written to you about several fundamentally attractive stocks based on Joel Greenblatt’s Magic Formula Investing (MFI) strategy. But what exactly is Magic Formula Investing, how does it work, and – more importantly – does it work? In this article, we’ll briefly go over the strategy’s ...read more


The Small-Cap Software Company Set to Charge Ahead in 2010

Jan 7th, 2010 | By | Category: Featured, Macroeconomics, Penny stocks
You hear it all the time: we live in a consumer-driven economy. When consumer sentiment slides, so too do sales of the biggest stocks on Wall Street. But focusing exclusively on companies that sell to individual consumers is a sure way to miss out on one of the biggest revenue ...read more