Donald Smith

Donald Smith & Co.

Last Update: 2013-05-13

Number of Stocks: 97
Number of New Stocks: 5

Total Value: $4,572 Mil
Q/Q Turnover: 17%

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Donald Smith's Profile & Performance

Profile

Donald G. Smith is the CIO of Donald Smith & Co. He began his career as an analyst with Capital Research Company and subsequently worked at Capital Guardian Trust Co. In 1980, Donald be-came the CIO of Home Insurance Company, and President of Home Port-folio Advisors, Inc., which he bought in 1983 and changed the name to Donald Smith & Co., Inc.

In 2010, Donald Smith & Co. has $3.6 billion under management. Over 30 years since inception compounded annualized return has been 15.3%. Over the last 10 years our annualized return is 12.1% versus ?0.4% for the S&P 500.

Mr. Smith was awarded a B.S. in Finance and Ac-counting by the University of Illinois, an MBA by Harvard University and a J.D. from UCLA Law School and was admitted to the Bar Association of California. He volunteered for Ben Graham in UCLA to conduct a study on low P/E strategy.

Web Page:http://www.donaldsmithandco.com/

Investing Philosophy

Donald Smith is a deep-value manager employing a strict bottom-up approach. He invests in stocks of out-of-favor companies selling at discounts to tangible book value. He looks for companies in the bottom docile of price-to-tangible book ratios and a positive outlook for earnings potential over the next 2-4 years.

Total Holding History

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Commentaries and Stories

Currently 4.00/5

Rating: 4.0/5 (1 vote)

Weekly CEO Buys Highlight: AVEO, ZAZA, TUES, TUES, FRAN, AKVA

December 16, 2012

According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

Currently 3.50/5

Rating: 3.5/5 (2 votes)

Weekly CEO Buys Highlight: PHII, TUES, PACB, IPHI, WMC

December 9, 2012

According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

Currently 2.67/5

Rating: 2.7/5 (3 votes)

Donald Smith’s Q3 Portfolio Updates: Two New Stocks Are StanCorp Financial and Nabors Industries

November 14, 2012

Guru investor Donald Smith of New-York based Donald Smith & Co. Inc. investment firm, has reported a total of 31 transactions in its third quarter portfolio updates, consisting of: More...

Currently 2.88/5

Rating: 2.9/5 (8 votes)

Weekly CEO Buys Highlight: CYS, PG, BSET, CLGX, BKJ

October 29, 2012

According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

Currently 3.60/5

Rating: 3.6/5 (5 votes)

Guru Stocks at 52-Week Lows: EXC, DELL, CAH, ENI, MRVL

September 18, 2012

According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

Currently 3.29/5

Rating: 3.3/5 (7 votes)

Guru Stocks at 52-Week Lows: HPQ, EXC, CHT, DELL, CAH

September 10, 2012

According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

Currently 3.80/5

Rating: 3.8/5 (10 votes)

RadioShack (RSH): Short-Term High Expected Return

July 23, 2012

Driven by what I believe is the markets miscalculation of current short term risk. So even if the bears are right and RSH is just a large piece of melting ice, they can still be short-term materially wrong on the estimated decay rate and month, quarter or year of a complete meltdown. If and when that day is reached there could be countless short-term catalysst to push the stock significantly higher, providing a satisfactory return with lower market risk. More...

Currently 4.00/5

Rating: 4.0/5 (2 votes)

Weekly CEO Buys Highlight: PAY, DECK, PBY, HNRG, MCHX

July 14, 2012

According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

Currently 4.10/5

Rating: 4.1/5 (21 votes)

Sycamore Networks: A Lottery Ticket That Pays You

June 12, 2012

What if you paid $1 for a lottery ticket, but if you didn’t win over the next two years, you could turn that ticket back in for $1.08? More...

MARTIN WHITMAN, SETH KLARMAN, THIRD AVENUE MANAGEMENT, JIM SIMONS, JEREMY GRANTHAM, DONALD SMITH, MARIO GABELLI

Currently 3.83/5

Rating: 3.8/5 (12 votes)

Deep-Value Investor Donald Smith Adds Shares of Photronics Inc.

May 29, 2012

Currently 3.00/5

Rating: 3.0/5 (11 votes)

Donald Smith Buys Low P/B Stocks: EXC, WPX, AAV, RSH, VLO

May 14, 2012

Donald Smith measures the valuation of companies with price to book (P/B) ratios. He loves to buy good companies that are sold at historical low P/B ratios. In the first quarter, he bought five new positions that are sold that low P/B ratios. Buying stocks at low P/B ratios was also an original idea of Ben Graham. Donald Smith’s firm found that from 1951 to 2009 stocks in the lowest price-to-tangible book value decile had the highest long-term returns, delivering a 15.4% return versus 10.7% for the S&P 500. More...

Currently 2.86/5

Rating: 2.9/5 (7 votes)

Weekly CEO Buys Highlight: LTM, S, HBAN, ZEP, EVAP

April 29, 2012

According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

Currently 2.57/5

Rating: 2.6/5 (7 votes)

Weekly Guru Bargains Highlights: ACI, EXPE, GEN, CTRP, FSLR

April 1, 2012

According to GuruFocus updates, these stocks have declined the most since Gurus have bought. Arch Coal Inc (ACI): Down 33% Since Jim Simons Bought In the Quarter Ended on 2011-12-31 More...