Last Update: 1969-12-31

Number of Stocks:
Number of New Stocks:

Total Value: $0 Mil
Q/Q Turnover: %

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

' s Profile & Performance

Profile

Total Holding History

Top Ranked Articles

Investor Jim Rogers Tells Fox Business Agriculture Is “Going to Be One of the Great Industries of Our Time”
Chairman and CEO of Rogers Holdings Jim Rogers spoke with FOX Business Network (FBN) about the United States deficit and the path the nation and individuals need to take in order to prosper. Rogers said that the U.S. economy will not recover until we “accept reality, stop spending money we don’t have, go down to a lower level, and start over.” He went on to say that particularly in such an uncertain economy, “you should invest in only what you know, otherwise keep your money in cash.” Excerpts from the interview are below: Read more...
GuruFocus Interview with Fairfax CEO Prem Watsa
GuruFocus had an opportunity to speak with Prem Watsa, chairman and chief executive of Fairfax Financial Holdings, a $7.7 billion Toronto-based firm, where he has delivered a 5-year cumulative return of 176%, compared to 12.2% of the S&P 500. In 2008, when the market was spiraling to a loss of 37%, he achieved a 21% return for his clients. Read more...
Answers from Tom Gayner's Interview with GuruFocus
Tom Gayner, a renowned valued investor, is president and chief investment officer of Markel Corp and president of Markel Gayner Asset Management, the investment subsidiary of Markel Corp., since 1990. He manages about $2 billion. Read more...
Walter Schloss: The Essence of Value Investing
Here are some notes taken from the life of Walter Schloss, once an office roommate of Warren Buffett. He is still alive and kicking at 95, and is one of the investors who inspires me the most. He had several points in common with Philip Fisher and Philip Carret, some of his contemporary investing legends; they lived very long; invested since very young until late in life; and never looked for extreme fortune or fame. He also led a simple life and, until recent interviews, still invests his personal money. His life incarnates the essential substance of value investing. Read more...
GuruFocus Interview with Investor Arnold Van Den Berg
Arnold Van Den Berg is a value investor with 43 years of industry experience and founder of $2 billion firm Century Management. A short time ago, GuruFocus readers asked him their investing questions. His responses, in which he discusses MDC Holdings Inc. (MDC), Toll Brothers (TOL), Microsoft (MSFT), Dell (DELL), Cisco (CSCO), Applied Materials (AMAT), Walmart (WMT), Wells Fargo (WFC), are below: Read more...
» More Articles

Commentaries and Stories

  • Currently 2.00/5

Rating: 2.0/5 (1 vote)

Facebook (FB) Reports Impressive Results But It’s Only Getting Started
I’ve obviously been writing about Facebook for quite some time on this blog and while I’ve been very fortunate in how things have played out, I do still think it’s a fascinating story no matter how you look at it. At the time of the IPO, I strongly believed Facebook was a great value at those levels but I was obviously in the minority and since I tend to stay away from newly turned public companies for the first few months (I hate the initial volatility), I did end up buying a few months later. As you can imagine, if I thought $38/share was a value, getting in under $20 was a steal. There was risk involved (there always is), but in terms of upside vs downside risk, it was a no-brainer. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Tweedy Browne’s Second Quarter 2014 Commentary
With the VIX (proxy for market volatility) at its lowest level since 2007, it is not surprising that investors’ tolerance for risk appears to be growing, as evidenced by the continued strength in global equities and most other financial instruments. In a fascinating study conducted by John Coates, a research fellow at Cambridge, linking risk taking to physical responses to stress, it was shown that when market volatility is high, cortisol (the “stress hormone”) levels increase, causing investor appetite for risk to decline. Conversely, when levels of market volatility are low, cortisol levels remain largely unaffected, resulting in a greater willingness on the part of investors to take on risk. One could argue that the complete transparency of central bank monetary policy around the globe, particularly in the United States, has caused the release of “one of the most powerful potential brakes on excessive risk taking in stocks.”† Whether or not we have reached bubble territory is subject to debate, but investors should be cognizant that, if risk is indeed largely predicated on the price one pays for a security, it is no time for complacency. As you well know, we are not More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Benefit From the Solar Opportunity With SunEdison
Solar organization SunEdison (SUNE) has been soaring in 2014. The stock has picked up impressively so far this year. However, SunEdison has suffered a few significant setbacks on the way. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Guru Brian Rogers and his Barron's Midyear Stock Picks  - Guru Brian Rogers And His Barron's Midyear Stock Picks
Every year Barron’s gets its Roundtable team together and they discuss stock picks and the status of the economy in general. Guru Brian Rogers (Trades, Portfolio) is a member of Barron’s Roundtable team, and the following stocks are his Midyear Roundtable stock picks and updates from January’s Roundtable picks. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

The Improving Housing Market Makes These Stocks Worthy Investments
The housing market has been recouping as sales of new homes are increasing and home loan rates are decreasing. New home sales are increasing. Low home loan rates have pulled in individuals to purchase more homes, making interest for home change retailers as new occupants spend on enhancing their new homes. So, home change players such as Home Depot (HD) and Lowe's (LOW) have been performing exceptionally well. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Longleaf Partners Fund Comments on Loews
Although Loews (L) was flat in the second quarter, it remained a detractor YTD, down 9%. The first quarter price fell after underlying holdings Diamond Offshore (DO) and Boardwalk Pipeline (BWP) disappointed. In April, DO’s results improved, and the company announced its first share buyback since 2004. After being punished for cutting its dividend in February, BWP outlined several attractive potential projects going forward and recovered in the second quarter. Loews’ other major holding, CNA Financial Corp. had a solid quarter. Loews ramped up its own share repurchases given the discount in the stock and the lack of high-return alternatives for the company’s large net cash of over $8.50/share. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

These 3 Automotive Dealers Are Good Investments
A day or two ago, a relative of mine purchased a used car. Presently, despite the fact that sales of new vehicles in the U.S. have been increasing and are relied upon to hit 16 million units in 2014, the benefits of purchasing a used car can't be disregarded. Lower devaluation, diminished insurance costs and registration fees, and saving a considerable measure of cash over another car are some paramount considerations. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Ballard Power: Investors Should Consider This Future-Proof Stock
Ballard Power Systems (BLDP) has picked up wonderfully in 2014. The fuel cell organization is up around 150%. However the awesome run is a long way from being over. In partnership with Plug Power (PLUG), which has also increased more than 170% so far this year, Ballard is making various moves to develop its business. Additionally, industry conditions are suiting Ballard. Fuel cell applications are developing at a fast rate. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Longleaf Partners Fund Comments on Royal Philips NV
Philips (XAMS:PHIA, PHG) declined 7% in the second quarter and 11% YTD. Foreign currency headwinds impacted reported sales, although comparable revenue was flat. Net debt increased as free cash flow (FCF, excess cash from operations) went to a one-time pension payment and share buybacks. A temporary suspension of production at a U.S. healthcare plant also impacted FCF. Management reaffirmed expectations for a “challenging” 2014, comprised of improved results at Consumer and Lighting but a continued drag from Healthcare. Management previously delivered on every aspect of 2013 targets and remains committed to 100-200 additional basis points (1 to 2%) of margin improvement by 2016. At quarter-end, the company announced plans to merge the LED and automotive lighting units into a standalone company with €1.4 billion in revenue and will explore strategic options for outside investment. This advances management’s “Accelerate” plan to concentrate Philips around Health and Wellness and fundamentally increase shareholder value. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Here's Why Investors Need to Stay Away From Sirius XM
Satellite radio services supplier Sirius XM (SIRI) isn't a great purchase because of rivalry from Apple (AAPL). Despite the fact that Sirius did post some great earnings numbers, still its development wasn't sufficient to justify a trailing P/E degree of 60. Sirius posted revenue development of just 11%, as net self-pay subscribers developed 7% to 21.3 million, a record-high as it included new 173,000 net self-pay subscribers that raised the aggregate number of subscribers to 25.8 million. While these numbers may look great to some, investors shouldn't overlook that Sirius is going to face more prominent rivalry from Amazon.com (AMZN). More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Longleaf Partners Fund Comments on FedEx
In the first quarter, terrible winter weather hurt FedEx (FDX) results, but the stock rebounded 14% over the last three months. When the price was weak, management repurchased almost 10 million shares at a discount, equating to a 13% annualized pace. The stock rose following strong revenue growth and profits in the Ground segment and higher package volume in Express. Management also set expectations for higher margins following the completed cost restructuring over the last two years. Our appraisal grew as the much more profitable Ground business outpaced the larger Express segment that receives most of analysts’ attention. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Longleaf Partners Fund Comments on Level 3 Communications
Fiber and networking company Level 3 Communications (LVLT) announced a deal to acquire tw telecom and returned 12% in the quarter and 32% for the first half. With the deal, Level 3 gets increased tax benefits for its historic NOLs (net operating losses) due to the company’s increased equity capitalization. The transaction also affords an identified $200 million in synergies, roughly half of which come from the straightforward traffic switch onto Level 3’s backbone. The deal is expected to close in the fourth quarter. Beyond the merger, in his first year as CEO, Jeff Storey and his team have delivered solid revenue growth, margin improvements, and higher cash flow guidance. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Longleaf Partners Fund Comments on CONSOL Energy
CONSOL Energy (CNX) returned 15% in the quarter and 21% YTD. The company announced better-than-expected earnings due to lower coal costs and stronger gas pricing and guided gas production growth of 30% over the next two years. Management is focusing on building value per share through monetizing non-core assets and moving forward with a MLP of the midstream gas assets in the second half of 2014. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Realty Income: Another BORING and Solid Quarter for the Monthly Dividend Company  - Realty Income: Another BORING And Solid Quarter For The Monthly Dividend Company
It was another solid quarter for Realty Income (O)—one of my very favorite long-term dividend machines. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Longleaf Partners Fund Comments on Cheung Kong Holdings Ltd
Cheung Kong (HKSE:00001), the Hong Kong based conglomerate with businesses around the world, returned 15% in the second quarter, pushing the YTD return to 21%. Over the first half of 2014, management made value-enhancing asset sales across multiple business lines. In the first quarter, Cheung Kong Infrastructure spun off and listed Hong Kong Electric. Additionally, 50% owned affiliate Hutchison Whampoa sold 25% of A.S. Watson Group, the world’s largest health and beauty retailer. In the second quarter, the company paid a HK$7 special dividend with the proceeds of the Watson sale. Sales of residential property in Hong Kong accelerated after some relaxation in stamp duty regulations. With high land valuations, our partners at Cheung Kong exercised the discipline we have come to expect - not acquiring a single piece of land in Hong Kong or China for over a year. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Longleaf Partners Fund Comments on Chesapeake
The biggest performance drivers in the quarter were among the companies that contributed most to YTD gains. Chesapeake (CHK), the U.S. oil and gas exploration and production company, rose 22% in the quarter and was up 15% YTD. During the quarter, the company announced better-than-expected production and realizations and raised yearly guidance on both of these metrics. Management continued to execute on the capital efficiency strategy, highlighted by the spin-off at quarter-end of its oilfield services business into a publicly traded company called Seventy Seven Energy. The spin-off eliminated approximately $1.5 billion of net debt from Chesapeake’s balance sheet. Divestitures of noncore acreage in Oklahoma, Texas, and Pennsylvania were also completed. Our CEO partner, Doug Lawler, is positioning the company to focus on its strong assets in the Eagle Ford, Marcellus and Utica plays, while growing production profitably and keeping capital expenditures within cash flow. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Glu Mobile Is a Good Long-Term Growth Pick
Glu Mobile (GLUU) has put in a good performance. However, talking from a long-term perspective, its prospects seem promising, mainly on account of its solid presence on Apple’s app store. Moreover, as Apple is looking to expand its addressable market with bigger phones, it will provide more room for Glu to grow its business. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Longleaf Partners Fund Semi Annual 2014 Management Discussion
Longleaf Partners Fund returned 6.8% in the second quarter, outpacing the S&P 500’s return of 5.2%. The Fund slightly trailed the Index year-to-date (YTD), with the performance of each rounding to 7.1%. The Partners Fund remained ahead of the Index as well as our absolute return goal of inflation plus 10% in the trailing year, despite our elevated cash position. More...

  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Strong Demand for Gorilla Glass Makes Corning a Buy
Corning (GLW) recently released mixed first-quarter results. It posted robust sales and earnings numbers, but failed to impress Wall Street analysts. Still, Corning is confident about its operational moves, and is optimistic of delivering better results in the future. Let us take a look at whether Corning is suffering from just a seasonal weakness or if there is something grave to worry about? More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

First Eagle Overseas Fund Second Quarter 2014 Commentary
Market Overview More...

Add Notes, Comments or Ask Questions

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide