Just looking for help on this
In your opinion, can you just use ROC and Earnings Yield to use Greenblatt's 'Magic Formula'.
Or should you use the equation exactly as described by him. Does it make a big difference for Australian companies do you think?
Can anyone explain how the more complicated formula would apply to the current figures of an Australian company e.g Woolworths so that other people (such as me!) can check that they are calculating things correctly.
many thanks if anyone is this smart!