Second Magic Formula Newsletter Pick Acquired: KSW
This marks the second investment the newsletter has had acquired. Our first was Access Plans (APNC), which we picked up last July and was acquired in June for a >50% gain.
In addition, our pick from January is currently “in play”, with their major shareholder offering to acquire the company and asking the board to consider the proposal or look into strategic alternatives.
This all points to one thing: our strategy of investing in micro-cap companies with high ROICs trading for rock bottom valuations is paying off! Our portfolio is up over 22% since we started the portfolio last May, and several of our picks still look incredibly undervalued. Our next pick comes out this Friday (September 14) and is one of our most interesting picks to date, so be sure to check it out!
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