Warning: mysql_num_rows() expects parameter 1 to be resource, boolean given in /home/gurufocu/public_html/classes/Guru.php on line 1406

Last Update: 12-31-1969

Number of Stocks:
Number of New Stocks:

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

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

Watch

  • U.S. Market Indexes Lower with Higher Trending Credit Rates

    U.S. market indexes were lower Wednesday. For the day, the Dow Jones Industrial Average closed at 18400.88 for a loss of -53.42 points or -0.29%. The S&P 500 was also down, closing at 2170.95 for a loss of -5.17 points or -0.24%. The Nasdaq Composite closed lower at 5213.22 for a loss of -9.77 points or -0.19%. The VIX Volatility Index was higher at 13.41 for a gain of 0.29 points or 2.21%.


    In the Dow Jones Industrial Average, the following stocks led losses for the day:

      


  • Roger Penske Buys Penske Automotive

    Roger Penske (Insider Trades), chairman and CEO of Penske Automotive Group Inc. (PAG), acquired 478,000 shares of the company on Aug. 29. The average price per share was $44.21 for a total transaction of $21,132,380. Penske Automotive, an international transportation service company, has a market cap of $3.86 billion.


    There was one PAG insider purchase totaling 3,850 shares from 2013 to 2015, however, there were 12 insider purchases totaling 3,820,330 shares in 2016 to date. Half of the total insider buy volume in 2016 to date can be attributed to Penske’s 6 insider transactions in August 2016, totaling 1,910,165 shares. For more information about insider transactions with Penske Automotive Group Inc., click here.

      


  • Prem Watsa Buys 5% More of Owner of Canada's Largest Daily Newspaper

    Investor Prem Watsa (Trades, Portfolio) bought a large chunk of Canada-based media company and owner of Canada’s largest daily newspaper Torstar Corp. (TSX:TS.B) that increased his ownership to 27.4% of the company, he reported Thursday.

    Watsa, whose investment vehicle Fairfax Financial (TSX:FFH) often draws comparisons to Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), acquired 3,539,400 of Torstar’s Class B shares, equivalent to 4.9% of those outstanding. Watsa acquired the shares in the midst of their 40% slide this year from a price of $2.78. He purchased 939,400 of the shares on June 3 at a price of $1.77, and 2.6 million Thursday when the price dropped to $1.40.

    Fairfax, a conglomerate that often acquires whole companies, bought the shares on the open market, and may continue to buy more in the future, it said.

    Torstar owns hundreds of daily and community newspapers, specialty publications and digital media interests and has seen revenue and earnings declines in recent years. In the most recent second quarter, it produced a net loss of $23.9 million or 30 cents per share, compared to $1.1 million or 1 cent per the same period a year ago. Revenue declined 9.4% to $196.5 million in the second quarter from $216.9 million a year ago.

    In the past five years, its revenue has declined at an annual rate of 14.3%, while book value was erased at a rate of 3.8%. Torstar ended the second quarter with $24.1 million in cash and no long-term debt. Its dividend, maintained at 13.125 cents for four years, has been cut to 2.5 cents the start of 2015. On July 6, Torstar announced the retirement of its president and CEO, David Holland.

    Torstar’s stock price fell 83% over the past five years and traded at 1.64 Canadian dollars per share on Wednesday, giving the company a $119 million market cap. Watsa has had a penchant for ailing companies at rock-bottom prices in recent years. He has an 8.94% stake in smartphone maker BlackBerry (NASDAQ:BBRY) as his largest portfolio position, which he started more than five years ago. He has also taken an active role in the turnaround effort at the company, whose stock price dropped 74% over the past five years.

    See Prem Watsa (Trades, Portfolio)’s portfolio here. Start a free 7-day trial of Premium Membership to GuruFocus.

      


  • David Nadel Trims TravelSky Holding

    David Nadel (Trades, Portfolio) trimmed his stake in TravelSkyTechnology Ltd. (HKSE:00696) during the second quarter.


    Nadel shaved off 220,000 shares from his portfolio at an average price of 14.65 Hong Kong dollars ($1.89). The trade had a -0.47% impact on Nadel’s portfolio; he now owns 610,000 shares of the company.

      


  • Backtesting Feature Identifies Top-Performing Strategies

    GuruFocus launched the new Backtesting feature within the All-in-One Guru Screener on June 20, allowing users to model an investing strategy’s performance relative to the Standard & Poor’s 500 index, one of the most commonly used benchmarks.


    An introduction to Backtesting

      


  • US Foods Holding Is Worth Holding

    US Foods Holding Corp. (NYSE:USFDwent public on May 26 and is playing well.


    The company reported mixed quarterly results, including a 0.61% decrease in net sales. For the six months, net sales increased 0.03%.

      


  • Charles de Vaulx Hikes Stake in Hyundai Motors

    Morocco native Charles de Vaulx (Trades, Portfolio) more than tripled his stake in Hyundai Motor Co. (XKRX:005380) during the second quarter.


    De Vaulx is the portfolio manager of the IVA Worldwide Fund, which focuses on long-term growth of capital through investing in a range of securities and asset classes from markets around the world. In the second quarter de Vaulx added 283,248 shares of Hyundai at an average price of 141,280 South Korean won ($126.16) per share.

      


  • Click Holdings Is a Growth Manager's Dream Stock

    Clicks Group (CLCGY) is a South African retailer that has been growing year after year. It owns the rights to GNC, Body Shop, Claire’s and several other retailers and pharmaceutical businesses in southern Africa.


    The stock was mentioned in a GuruFocus article discussing the holdings of Wasatch International Growth (Trades, Portfolio). It is barely mentioned in American press.

      


  • David Funds Comments on Encana

    Our fourth representative holding is the Canadian shale oil and gas company Encana (NYSE:ECA), a business that fits all three of these criteria. Based on global supply and demand projections for oil, we do not believe the current price of $45 per barrel is sustainable.10 In our view, oil prices will have to increase significantly over time to provide enough supply to meet growing global demand. In addition, because Encana’s reserves are located in the core of four of the top six shale areas in North America, Encana’s costs to develop and produce oil and gas are quite low.


    Moreover, Encana’s reserves of oil and gas are so large the company has decades of production ahead based on current production levels.

      


  • David Funds Comments on Tencent

    Given Tencent (HKSE:00700)’s key position in Naspers’ business, examining Tencent’s operations more closely is worthwhile. Tencent is led by Chinese entrepreneur Ma Huateng, also known as Pony Ma. The company’s messaging app WeChat has 700 million users and is the leading social media website in China. In addition, Tencent is one of the world’s largest video gaming companies with such popular games as League of Legends, CrossFire and Dungeon Fighter Online as well as an 84% stake in one of the world’s leading mobile video gaming companies Supercell. In addition, Tencent has built a highly desirable portfolio of strategic investments in other leading Internet companies such as e-commerce company JD.com, U.S. video game leader Activision Blizzard, China’s ride-sharing leader Didi Chuxing, and classified ads leader 58.com. Through our investment in Naspers we are effectively investing in Tencent at a 15% discount and paying 23 times 2017 owner earnings for a company growing revenues and earnings at 25% to 30% a year.

      


  • David Funds Comments on Naspers

    A third representative holding is Naspers (NPN), a company most investors would not recognize despite its $60 billion market capitalization. Naspers is a South African conglomerate that owns a diverse array of media and Internet holdings in emerging markets. The company’s satellite TV business is the largest in Africa with 10 million subscribers, and its online classified ad business operates in 31 countries with leading positions in key markets such as Brazil, India, Indonesia, and Russia. Naspers also owns 15% of Flipkart, one of the leading e-commerce businesses in India. Moreover, in 2010 Naspers invested $34 million in Tencent Holdings, one of China’s largest, most innovative and most used Internet portals, and today the company’s 34% stake is worth $72 billion. Considering that Naspers total market capitalization is $60 billion and also includes other assets, the company’s valuation is attractive in our view.

      


  • David Funds Comments on United Technologies

    United Technologies (NYSE:UTX) is a good example of a company with both a durable business and an innovative culture. United Technologies’ four business segments are of roughly equal size and include Pratt & Whitney jet engines and aerospace parts such as landing gear and nacelles (the outer casing of an aircraft engine), Otis Elevator, and Carrier heating and ventilation systems. Pratt & Whitney, for example, enjoys solid growth prospects driven by increased global travel as well as a favorable market structure with only one key competitor in the narrow body or single aisle commercial aircraft business. Moreover, Pratt & Whitney is now rolling out its new PurePower Geared Turbofan (GTF) jet engine that, according to United Technologies, reduces fuel consumption by 16%, environmental emissions by 50% and noise levels during landing and takeoff by 75%.8 According to industry observers, Pratt & Whitney’s GTF jet engine represents one of the biggest advances in jet engines in the past 50 years, which could result in strong sales going forward. At $100 a share, United Technologies is trading at an attractive 15.5 times 2016 owner earnings.9

      


  • David Funds Comments on Amazon

    Adaptability not only results in pricing power but also the ability to create new markets. Amazon (NASDAQ:AMZN) provides a prime example. Looking back at Amazon’s humble beginnings in 1994, clearly one of the reasons the company became the world’s largest bookseller was that Amazon created entirely new markets. The Kindle E-reader was not only a product innovation but also a business model innovation. Printing and shipping costs suddenly disappeared, combining improved convenience for consumers with higher profits for Amazon. Company founder Jeff Bezos and his team then proved they would not be satisfied to sit on their laurels by parlaying their expertise in cloud computing, gained from running their retail business, to an Infrastructure as a Service (IaaS) business for third parties. Thus, was born Amazon Web Services (AWS), which reached $10 billionin sales even faster than Amazon’s retail business and which one day might surpass the retail segment in size.7

      


  • Here’s Why Kroger’s ClickList Carries Huge Potential

    I recently wrote about how Kroger (NYSE:KR) bucked the retail trend by showing steady growth over the past 10 years and the reasons why that was so. The ecommerce problem isn’t going to go away for brick-and-mortar retailers, and the sooner they move into that space, the better.


    What’s worse, however, is that Amazon (NASDAQ:AMZN) is now exploring physical retail. It already has a bookstore in its hometown of Seattle, but it recently announced plans to extend that further. Chicago could be soon getting its own Amazon Books, and other cities will surely follow suit. Although Amazon has yet to enter the hardcore consumer good retail segment with its stores, customers can look at the latest Kindle and Fire products while they browse for their favorite paperbacks and hardbacks.

      


  • Oil and Stocks Fall as Obama Talks Prisons

    While stocks and the market in general have remained at record highs, several big problems are brewing, and they could wreak havoc on your investments.


    As of this writing, the Dow has sunk more than 100 points, and oil has dropped below the $45 threshold. Meanwhile, the Obama administration is intent on ruining more jobs by destroying the private prison industry. Could this be a pipedream for President Barack Obama and the liberals, or will companies such as GEO (GEO) and Corrections Corporation of America (CXW) be put out of business in the upcoming years?

      


  • Car Sales Expected to Remain Stagnant

    The automobile sector has been hit hard over the past year.


    Several big scandals have proven to be detrimental while sales for automobiles have plunged lower and lower over the past few months. Investors in automobile manufacturers may want to take notice and consider jumping out of these sectors before these stocks hit rock bottom.

      


  • David Tepper Exits Facebook, Boosts Allergan

    David Tepper (Trades, Portfolio) is the founder of Appaloosa Management, which is a $3 billion hedge fund investment firm based in Chatham, New Jersey. The following are his largest trades of the second quarter.


    The investor exited his stake in Delta Air Lines Inc. (DAL) with an impact of -7.4% on the portfolio.

      


  • Surepure Inc (SURP) CEO Guy Kebble Bought $322,500 of Stocks


  • Seth Klarman Sells Paypal, Novagold

    Seth Klarman (Trades, Portfolio) is a value investor and portfolio manager at The Baupost Group. During the second quarter, the guru sold shares in the following stocks.


    The guru reduced his stake in Antero Resources Corp. (AR) by 32.55%, with an impact of -2.54% on the portfolio.

      


  • Merck Will Hold Steady on Div Increase Despite Flat Revenue Growth

    From the price to sales point of view, Merck (NYSE:MRK) is one of the most expensive healthcare stocks, trading at nearly 4.5 times sales, more than you need to pay for Pfizer (NYSE:PFE) or Novartis (NYSE:NVS). Merck is possibly the only pharma major to see its stock price almost steadily rise in the last five years. It has more than doubled its price during that time, from under $30 in August 2011 to above $60 in August 2016.


    v_xgS8MGsisGauCk4W_-VXTvFG8WpbsNanFtigUQ

      


  • Davis Global Fund Semi-Annual Review 2016



  • Intel and NVIDIA Fighting for Deep Learning Dominance

    Intel (NASDAQ:INTC), the chip maker who returned to sales growth this year after seeing its revenue stagnate in 2015, has been doubling down on its efforts to capitalize the growth opportunity in the Internet of Things and datacenter markets.


    "Second-quarter revenue matched our outlook and profitability was better than we expected," said Brian Krzanich, Intel CEO. "In addition, our restructuring initiative to accelerate Intel’s transformation is solidly on-track. We're gaining momentum heading into the second half. While we remain cautious on the PC market, we’re forecasting growth in 2016 built on strength in data center, the Internet of Things and programmable solutions.”

      


  • S&P 500 Adds Real Estate Sector

    After Wednesday, S&P will include a new real estate sector for its S&P 500 Index. S&P 500 stocks were previously reported in 10 sectors and real estate investments had been included within the financials sector.


    The majority of companies in the new real estate sector will be real estate investment trusts. However, mortgage REITs will continue to remain within the financials sector.

      


  • Risk Reward with Lazard Ltd

    Lazard is a preeminent financial advisory and asset management firm founded in 1848. It has 42 offices in 27 countries and an extremely client-centered business, with a vast network of relationships at the highest levels of business and government.


      


  • Wall Street Leans Left

    The stock market is betting that Clinton will gain a landslide victory over her opponent, real estate mogul Donald Trump. Investors in Wall Street are placing their bets against the Republican candidate, though bankers in New York are traditionally GOP-friendly. Clinton`s victory will not be close, according to the market, which has already decided to give Clinton a vote of confidence. The fact is that the S&P has risen higher than 4% since July 5, which means that the market is confident that Clinton will easily win the presidential election.


    Sizable Lead
      



  • Chou RRSP Fund Buys Valeant

    The Chou RRSP Fund (Trades, Portfolio) acquired a new holding in Valeant Pharmaceuticals International Inc. (TSX:VRX)(NYSE:VRX) in the second quarter.


    The fund purchased 260,000 shares in Valeant for an average price of 36.51 Canadian dollars ($27.83) per share. The transaction had an impact of 14.1% on the portfolio.

      


  • 2017 GuruFocus Value Conference Early Bird Registration Started

    2017 GuruFocus Value Conference Early Bird Registration Started


    2017 GuruFocus Value Conference registration has now started. The number of seats is limited to 200. Register now before the seat runs out. Get deep discount by registering before Oct. 31.

      


  • The Real Value of An IRA: The Magic of Tax Deferred Compounding

    By Dirk Leach for Sure Dividend


    A recent Sure Dividend article entitled “What Is The Fastest & Best Way for a Working Class Person To Become a Multi-Millionaire?” discussed that discipline, mindset, and the magic of compounding returns was all that was needed to accumulate $1 million.

      


  • Davis Opportunity Fund Semi-Annual Review 2016



  • Microsoft Treading on Thin Ice with Windows 10 Paid Subscriptions

    If you have been reading my previous articles on Microsoft (MFST), you may have noticed that I am a big fan of the company and a even bigger fan of CEO Satya Nadella. He had the courage to steer the company from being an all-about-Windows company towards one that ‘also owns’ Windows. I have been recommending the stock since it took a short plunge to under $50 back in February.


    What impressed me the most was how the company decided to dump its smartphone dreams and create a company that kept its focus on cloud and mobile initiatives.

      


  • Watchlist Wednesday: Top Defensive Investor Stock

    This article appeared first on The Stock Market Blueprint Blog.


    In this edition of Watchlist Wednesday, we highlight the top defensive investor stock as displayed on the Defensive Investor stock screen.

      


  • 10 Best Dividend Paying Stocks for the Defensive Investor

    defensive dividend investorThere are a number of great companies in the market today. I've selected the highest dividend yields among the undervalued companies for defensive dividend stock investors reviewed by ModernGraham. Each company has been determined to be suitable for the Defensive Investor according to the ModernGraham approach.


    Defensive Investors are defined as investors who are not able or willing to do substantial research into individual investments, and therefore need to select only the companies that present the least amount of risk. Enterprising Investors, on the other hand, are able to do substantial research and can select companies that present a moderate (though still low) amount of risk. Each company suitable for the Defensive Investor is also suitable for Enterprising Investors.

      


  • Workday Inc (WDAY) CEO Aneel Bhusri Sold $6,248,250 of Stocks


  • Employment Data a Key Factor for Fed Policy

    Friday’s labor market report will be a key factor for the Federal Reserve’s Federal Open Market Committee meeting Sept. 20-21.


    Wednesday’s ADP report indicates that the labor market data likely will continue to improve at a steady pace, providing more incentive for aggressive rate increases from the Federal Reserve as discussed in comments last week.

      


  • Financial Stocks: The Leading Sector for September

    Financial sector stocks have been gaining following the Fed’s comments last Friday that included a slightly more aggressive outlook for rate increases. The more aggressive outlook for rate increases will only help the financial sector which in the current market environment is one of the most highly correlated market sectors to the Fed’s monetary policy changes.


    Since Friday the Standard & Poor's 500’s financial sector is up 1.91% with the following stocks leading five-day gains:

      


  • American Axle Is a Decent Pick

    American Axle & Manufacturing Holdings (NYSE:AXL) is a solid investment opportunity.


    The company reported second-quarter results that exceeded revenue expectations. The EPS is in line. It boasts of improved margins, has a strong balance sheet and is increasing the full-year profitability and free cash flow targets.

      


  • Why Best Buy's Numbers Delighted Investors

    Best Buy (NYSE:BBY) shares trended higher as investors cheered the retailer’s second quarter fiscal 2017 performance that surpassed analysts’ expectations.


    Best Buy shares surged 15% to $37.74. The company’s growth, particularly at a time when peers such as Macy’s (NYSE:M), Target (NYSE:TGT), Sears (NASDAQ:SHLD) and Walmart (NYSE:WMT) are struggling to cope with customers' changing preference for online retailers, brought a positive reaction from investors. The comparable store sales also improved more than analyst expectations.

      


  • Tyson Foods: Upside Is Expected

    Tyson Foods, Inc. (NYSE:TSN), with headquarters in Springdale, Arkansas, is one of the world's largest food companies with leading brands such as Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair. It’s a recognized market leader in chicken, beef and pork as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts.


    The company serves retail and foodservice customers in the U.S. and about 130 countries. It has about 113,000 team members employed in the U.S. and around the world. (Company’s website)

      


  • Don't Be the Turkey

    Over one-third and growing quickly.


    That’s the share of the market that’s now comprised of blind sheep passive indexers.

      


  • First Horizon National Corp (FHN) Chairman, President and CEO D Bryan Jordan Bought a Net Total of 22,119 Shares


  • Browse Barnes & Noble

    Based on a recent MarketWatch article, bookstores seem to demonstrate improving sales.


      


  • Motorola Solutions Inc (MSI) Chairman and CEO Gregory Q Brown Sold $9,021,870 of Stocks


  • A Small Cap Financial Stock

    For many investors looking for value, the Peter Lynch Screener is a good source of ideas and prospects. One of the 14 stock names currently listed on the screener describes itself as “a full-service commercial real estate financial intermediary.” HFF Inc. (HF) is a young company with a market cap just over the $1 billion.


    The Peter Lynch Screener uses one of the famed mutual fund manager’s techniques to find stocks. It compares a company’s share price with what the shares would be worth if they were priced at exactly 15 times earnings. GuruFocus cites this excerpt from Lynch’s book, "One Up on Wall Street."

      


  • U.S. Equities Lower on Tuesday

    U.S. market indexes were lower Tuesday. For the day, the Dow Jones Industrial Average closed at 18454.30 for a loss of -48.69 points or -0.26%. The S&P 500 was also lower, closing at 2176.12 for a loss of -4.26 points or -0.20%. The Nasdaq Composite closed lower at 5222.99 for a loss of -9.34 points or -0.18%. The VIX Volatility Index was higher at 13.06 for a gain of 0.12 points or 0.93%.


    In the Dow Jones Industrial Average, the following stocks led losses:

      


  • Evolving Systems Inc (EVOL) CEO and President Thomas Thekkethala Bought $120,000 of Stocks


  • What It Still Takes to Take Share Price Higher

    Analysts see investing in Goldcorp Inc. (NYSE:GG) as an opportunity because the gold stock is trading 7.2 times next year’s forecast cash flow versus the peer average of 9.8x.


    Analysts rely on what Goldcorp CEO David Garofalo recently said with regard to operational improvements that will likely lead the miner to deliver $2 billion in NAV accretion over the next two years.

      


  • Value Partners Buys Minth Group

    During the second quarter, the Canada-based Value Partners (Trades, Portfolio) mutual fund purchased a 17,278,000 share stake in the Minth Group (HKSE:00425), at an average price of 17.9 Hong Kong dollars ($2.31). The trade had a 4.49% impact on the portfolio.


    The Minth Group has a market cap of HK$33.16 billion, an enterprise value of HK$32.44 billion, a P/B ratio of 3.10 and a dividend yield of 1.83.

      


  • Why Every Serious Retail Portfolio Needs Nike, Under Armour

    Nike (NYSE:NKE) and Under Armour (NYSE:UA) are two stocks that I think every serious investor in the retail space should have in their portfolio. There are several reasons why I believe this, but let’s explore the most important ones here.


    The Sports Footwear and Apparel Markets Are Huge, but Fragmented

      


  • Has Qualcomm Rallied Too Far?

    When it comes to bottom fishing for stocks, Qualcomm (NASDAQ:QCOM) has been my best recommendation. The stock has shot up almost 40% since I first recommended buying it. Although Qualcomm may witness some selling pressure in the short run, the stock is still a great buy for long-term investors.


    Why China matters

      


  • Electronic Arts’ Future Looks Very Bright

    I have been bullish on gaming stocks ever since the market started recovering in February. While Activision (NASDAQ:ATVI) was my favorite pick from the sector, I also recommended buying Electronic Arts (NASDAQ:EA). Both the stocks have performed well since my recommendation, but I think Electronic Arts still has more upside to offer.


    Strong First Quarter

      


  • Home Depot Expanding Lead over Lowe's on Multiple Fronts

    The reason I love Home Depot (NYSE:HD) and Lowe’s (NYSE:LOW) is because these two home improvement retail giants practically own this niche market. Not only will this allow them to dominate the industry into the foreseeable future, but the footprint, size and scale of their product portfolios will deter even the most aggressive onslaught of e-commerce, Amazon (NASDAQ:AMZN) included.


    But of the two, Home Depot seems to be rapidly gaining ground over Lowe’s. The former’s comparative store sales are showing strong growth over the past two years. The second quarter this fiscal marked Home Depot’s 51st consecutive comps growth quarter in Mexico and the 19th in Canada. In the U.S., comps grew 5.4% during the quarter, and the company is now targeting system wide comps of 4.9% for the fiscal and 6.3% sales growth.

      


  • Yokogawa Electric Has Put Up Awesome Revenue Growth

    IVA International always provides a great place to mine value ideas. The fund's eclectic holdings include many great companies the average American investor has never heard of. David Goodloe of GuruFocus wrote a great article on some of these holdings. I wanted to focus on Yokogawa Electric (YOKEF)(YOKEY).


    Yokogawa is a Japanese software and IT company. The company has a market cap of 355 billion yen ($3.47 billion), trades at a price-earnings (P/E) ratio of 12.53 and has a dividend yield of 1.21% (according to the Financial Times). Sales growth has been phenomenal. Sales were 335 billion yen in 2012, 348 billion yen in 2013, 388 billion yen in 2014 and 405 billion yen in 2014, and trailing 12-month sales are 411 billion yen. It's a cyclical company. Sales collapsed from 376 billion yen in 2008 to only 316 billion yen in 2009. That's a drop!

      


  • A Simple Value Strategy

    It is very easy to overcomplicate investing. Picking stocks is more an art than a science. To consistently pick winners, you need to have a wealth of experience in both the stock market and business management. You also need to have enough time to be able to conduct a detailed analysis of your target.


    There are many different strategies out there that will help you accomplish your goals with minimal input. Various checklists from the world’s most renowned investors, along with evaluation strategies, can be found all over the internet. Some of these are more complicated than others. In the quest to find the perfect plan, it is easy to overcomplicate valuation methodologies. Unfortunately, the more sophisticated the strategy is, the less likely you will follow it continuously, which makes the point of using a set strategy redundant.

      


  • Verizon’s Master Plan to Take On Google and Facebook

    The way Verizon (NYSE:VZ) has gone about taking a new direction for itself is commendable.


    The U.S. wireless market is at a mature stage, smartphone sales growth has slowed, and the probability of finding someone without a wireless plan is slim. Though wireless carriers will still be able to increase their revenues as data consumption grows, without subscriber growth their user base numbers will be stable at best.

      


  • Cavium Insider Invests in Company

    Arthur Chadwick (Insider Trades), vice president of Finance and Adminstration and chief financial officer of Cavium Inc. (CAVM), purchased 20,000 shares in the company on Aug. 25. The price per share was $55.33 for a total transaction of $1,106,600.


    Cavium is a semiconductor product provider for networking, communication and the digital home. The company has a market cap of $3.65 billion.

      


  • 3rd Quarter Shows Continued Growth for Bank of Nova Scotia

    Bank of Nova Scotia (NYSE:BNS) is the third-largest Canadian bank ranked by market cap.




  • Awareness of Fed Credibility Problems Going Mainstream



  • Wasatch International Gains 8 in 2nd Quarter

    Wasatch International Growth (Trades, Portfolio) Fund acquired eight new holdings in the second quarter. They are Cochlear Ltd. (ASX:COH), ASOS PLC (LSE:ASC), Melexis NV (XBRU:MELE), Clicks Group Ltd. (JSE:CLS), Security Bank Corp. (PHS:SECB), Zooplus AG (XTER:ZO1), Cholamandalam Investment and Finance Co. Ltd. (BOM:511243) and Colgate-Palmolive Ltd. (BOM:500830).


    Wasatch International was established in June 2002 and has been managed by Roger Edgley since 2006. The fund seeks long-term growth of capital in foreign companies in both developed and emerging markets. The fund uses a bottom-up process of fundamental analysis in evaluating companies.

      


  • Tweedy Browne Global Value Fund Quadruples Stake in Hongkong and Shanghai Hotels

    During the second quarter, the Tweedy Browne (Trades, Portfolio) Global Value Fund quadrupled its stake in The Hongkong and Shanghai Hotels Ltd. (HKSE:00045). The fund added an additional 12,475,711 shares in the second quarter for an average price of 8.3 Hong Kong dollars ($1.07). The trade had a 0.18% impact on the Tweedy Browne (Trades, Portfolio) Global Value Fund’s portfolio. It now owns 15,525,711 shares of the company.


    The Hongkong and Shanghai Hotels has a market cap of HK$12.81 billion, a P/E ratio of 12.31, an enterprise value of HK$16.31 billion and a P/B ratio of 0.34.

      


  • Royce Funds on Low Volatility Stocks

    Low price volatility has been a general theme in the market, as stocks have been gaining but trading within thin trading ranges. Many of the market’s low volatility stocks are often mature businesses paying steady dividends, which helps to keep their prices more stable.


    In a recent presentation from Royce Funds, Jay Kaplan discussed the use of low volatility stocks in the company’s portfolios.

      


  • Baxter Going Strong

    Baxter International (NYSE:BAX) has been in the business of saving and sustaining lives for more than 80 years. Patients and providers rely on Baxter for lifesaving renal and medical products, including intravenous (IV) solutions, systems and administrative sets, IV infusion parenteral nutrition, perioperative care, pharmacy devices and software, acute renal care and home and in-center dialysis. The company’s global footprint and the critical nature of its products and services play a key role in expanding access to healthcare in emerging and developed countries.


    The company reported a strong second quarter. The company exceeded revenue expectations and the EPS is also in line. The second quarter results are a reflection of the company’s commitment to deliver industry leading performances.

      


  • Causeway International Value Takes 3 in 2nd Quarter

    Sarah Ketterer (Trades, Portfolio), CEO and chief portfolio manager of Causeway Capital, creates shareholder value through her top two mutual funds: Causeway Global Value Fund and Causeway International Value (Trades, Portfolio) Fund. A previous article discussed Ketterer’s recent investments in the Global Value Fund.


    While the Causeway International Value (Trades, Portfolio) Fund shares some characteristics with the Global Value Fund, the International Fund seeks long-term capital investing through a “fundamentally different approach” to international value investing.

      


  • Brexit: Slow, Steady Grind Down - William Blair Commentary

    Advisors and institutional investors continue to ask me what the implications of Brexit will be. My answer: Don’t think of it as a crisis—a massive collapse followed by a sharp recovery, which is how the market has reacted—but a slow and steady grind with some notable implications.


    Limited New Investment

      


  • Best Dividend Paying Stocks for Dividend Growth Investors

    Dividend Growth Stocks


    Dividend growth investing is a very popular approach which can fit within the ModernGraham methods. This article will look at companies that have grown their dividends annually for at least the last 20 years.

      


  • Why You Need to Wait Until Netflix Stock Further Settles

    Netflix (NASDAQ:NFLX) shocked a lot of investors when the company reported less than forecasted subscriber addition during the first two quarters. The slowdown resulted in the stock plunging  after the earnings were reported in April and July. Netflix is now down more than 17% in the last one year and, despite the downward correction, the stock is still trading at 5.4 times sales.


    The more than 47 million members in the United States helped generate revenues of $1.161 billion during the second quarter of this fiscal, accounting for nearly 61% of their total worldwide streaming revenues of $1.966 billion. Though international membership has been growing along with revenues, it will be many years before overseas revenues can match their home market numbers. What happens in the United States is still extremely important for Netflix and its investors, at least for now.

      


  • Having a Business Mindset

    Having a business mindset is a key characteristic of a value investor. Investors who think like businessmen understand that they are buying companies, not stocks.


    This is important because when a businessman buys a company, he bases his decision on the company's financial statements.

      


  • Cisco: Margin of Safety and the Internet of Things

    Cisco (NASDAQ:CSCO) builds the hardware that powers the Internet. In fact, most of the Internet runs through a Cisco device. Today, that’s a profitable business for the company and one it intends to keep growing.


    At the beginning of the year, Cisco acquired Jasper Technologies, a platform to build applications for the Internet of Things, for $1.4 billion to integrate with the company’s cloud business unit. Currently, it has over 5,000 clients including Amazon (NASDAQ:AMZN), Ford (NYSE:F), Vivint (NYSE:VSLR) and General Motors (NYSE:GM).

      


  • Investors May Take a Look at J. M. Smucker

    For nearly 120 years, the J. M. Smucker Company (NYSE:SJM) has been committed to offering consumers quality products that bring families together to share memorable meals and moments. Today, it is a leading marketer and manufacturer of consumer food and beverage products and pet food and pet snacks in North America.


    In consumer foods and beverages, its brands include Smucker's®, Folgers®, Jif®, Dunkin' Donuts®, Crisco®, Pillsbury®, R.W. Knudsen Family®, Hungry Jack®, Café Bustelo®, Martha White®, truRoots®, Sahale Snacks®, Robin Hood® and Bick's®. In pet food and pet snacks, its brands include Meow Mix®, Milk-Bone®, Kibbles 'n Bits®, Natural Balance® and 9Lives®. The company remains rooted in the basic beliefs of quality, people, ethics, growth and independence established by its founder and namesake more than a century ago. (Source: Company website)

      


  • Eli Lilly's Future Is Changing

    Eli Lilly (NYSE:LLY) is a blue chip stock that has paid a consistent dividend since the early 1970s.


    The company’s total dividends paid have increased from 4.55 cents per share in 1972 to a projected $2.04 per share in fiscal year 2016.

      


  • E. I. du Pont de Nemours Valuation

    Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic values and inherent risks.


    This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Stocks for Using A Benjamin Graham Value Investing Strategy. By using the ModernGraham method one can review a company's historical accomplishments and determine an intrinsic value that can be compared across industries.

      


  • 21 Best Undervalued Stocks of the Week

    I evaluated 60 different companies this week to determine whether they are suitable for Defensive Investors, those unwilling to do substantial research, or Enterprising Investors, those who are willing to do such research. I also put each company through the ModernGraham valuation model based on Benjamin Graham's value investing formulas in order to determine an intrinsic value for each.


    Out of those 60 companies, only 21 were found to be undervalued or fairly valued and suitable for either Defensive or Enterprising Investors. Therefore, these 21 companies are the best undervalued stocks of the week.

      


  • M&t Bank Corp (MTB) Chairman of the Board and CEO Robert G Wilmers Sold $11,776,000 of Stocks


  • Penske Automotive Group Inc (PAG) Chairman & CEO Roger S Penske Bought $21,132,400 of Stocks


  • U.S. Market Indexes Higher on Monday

    U.S. market indexes were higher on Monday, regaining some ground after last week’s losses. For the day, the Dow Jones Industrial Average closed at 18502.99 for a gain of 107.59 points or 0.58%. The S&P 500 was also higher, closing at 2180.38 for a gain of 11.34 points or 0.52%. The Nasdaq Composite closed higher at 5232.33 for a gain of 13.41 points or 0.26%. The VIX Volatility Index was lower for the day at 13.04 for a loss of -0.61 points or -4.47%.


    In the Dow Jones Industrial Average, the following stocks led gains:

      


  • Charles de Vaulx Invests in 5 New Holdings in 2nd Quarter

    Charles de Vaulx (Trades, Portfolio), chief investment officer and portfolio manager at International Value Advisers, added five new holdings to the portfolio in the second quarter.


    The guru acquired an 844,953-share holding in American Express (NYSE:AXP), a financial services company based in New York City, for an average price of $63.32 per share. The deal had a 1.16% impact on the portfolio.

      


  • VR Is not a Toy, it Is a Tool

    Virtual reality is the next big thing in the entertainment world. Companies are scrambling to create new hardware, which most users (and many investors) see as a revolution in gaming. One of the major players is Facebook (NASDAQ:FB), which dropped $2 billion to get in on the market by acquiring Oculus Rift. Virtual reality is expected to make new and more immersive games possible, and other entertainment possibilities loom (Facebook is also pushing into the streaming market, and it is possible that these two moves could intersect).


    But virtual reality, augmented reality and related technologies are not just tools for game designers or filmmakers. In the hands of clever developers, the virtual world has become an asset for e-commerce companies as well.

      


  • August Buffett-Munger Bargain Newsletter is Ready for Download

    The Buffett-Munger Bargain Newsletter discusses a stock that is the precise opposite of a value trap. The stock never appears to be cheap by the usual metrics. However, in true Buffett style, it becomes a bargain in hindsight. This profitable growth is driven by a sustainable, high return on capital. The business is easy to understand with obvious and sustainable barriers to entry.


    Get your copy of GuruFocus’s Buffett-Munger Bargain Newsletter now

      


  • What the iPhone 7 Does Not Mean for Apple

    After two quarters of declining device sales dragging down Apple’s (NASDAQ:AAPL) overall numbers all over the world except Japan, all Apple eyes are fixed on the brand’s upcoming iPhone 7 launch.


    The expected 79 million unit sales can revitalize the sagging sales numbers for the world’s largest company. That expectation alone has boosted the stock more than 18% since May. The momentum is all set to continue at least until the third quarter sales numbers are out.

      


  • Net Interest Margins: Source of Economic Stimulus


    The oft forgotten and abused financial sector may finally be ready for a breakout and the effects of an interest rate hike in September could possibly be a source of economic stimulus for the economy. It all comes down to net interest margins for the banks, the difference between the cost of capital and the income from interest received by other banks and debtors, a number greatly controlled by the Federal Funds rate. The higher this number rises, the more willing banks are going to be to form more traditional lending syndicates that help to finance small businesses and construction loans. The net interest margin is defined as; (Net Interest Income-Net Interest Expense)/Average Interest Earning Assets.

      


  • Ford Europe Success Masked by Trouble on US Shores

    Ford (NYSE:F) has steadily recovered since the recession, growing its market share in the U.S., turning around the company in Europe and slowly building its operations in other regions.


    But if you look at the way Ford’s stock has moved in the last five years, you will be hard pressed to believe that this company is actually performing well. Let us take a closer look at what the short to medium term holds for the company by region.

      


  • Innovation, Not Sales Growth, Is Procter & Gamble’s Challenge

    Procter & Gamble’s (NYSE:PG) top management rewarded itself well after missing its own sales growth and profit growth targets.


    As sales of the household goods maker kept tumbling for the last few years, the company blamed weak spending around the world and increased competition for its woes. The financial situation and the cash flow got so tight that the company, which boasts of 59 consecutive years of dividend raises, had to announce a mere 1% increase in dividends – a far cry from the near 7% increase the company has been doling out for the last 10 years.

      


  • Choose How Many Stocks You Will Own

    This article appeared first on The Stock Market Blueprint Blog.


    In a previous post, I discussed four simple steps to help you create your own investment strategy. The first step was to select the stock screen you want to follow. The second step was to choose how many stocks you will own.

      


  • Will Uranium Ever Be a Buy?

    Ever since the Fukushima accident in Japan, uranium has been on the downward path. Horizontal fracturing and low natural gas prices have not helped. Is uranium ever going to be a buy?


    In the Fukushima accident, an earthquake created a tsunami that destroyed generators that were cooling the nuclear reactors. Japan imports 84% of its energy. Of the country’s 50+ reactors, 42 are operable and able to restart, and 24 are obtaining restart approvals.

      


  • Will the Checkbook Survive Online Payments?

    Fintech is seen as one of the most promising industries in the market with online payments driving interest among investors.


    While platforms like PayPal (NASDAQ:PYPL) and Apple’s (NASDAQ:AAPL) Apple Pay continue to convert conventional bankers into online and mobile bankers, statistics indicate that other forms of payment and especially checks could die off in the near future.

      


  • Why Under Armour Can Still Move Higher

    Under Armour (NYSE:UA) has been a terrific growth stock for long-term investors over the years. While the stock’s valuation is a bit steep at 50 times trailing earnings, the stock still has more upside to offer at these levels. I am bullish on the stock primarily because of its potential in the international market.


    Throughout the past 10 years, Under Armour has been one of the superior growth stocks. The company has successfully grasped a robust position in its domestic market. As a matter of fact, the company recently shared its 25th successive quarter of at least 20% top-line growth, positioning it to produce approximately $5 billion in yearly sales this year.

      


  • Can Disney Excite Investors with BAM Tech Investment?

    The 92-year-old entertainment major, The Walt Disney Company (NYSE:DIS), has steadily grown in size and scale over the years, while overall revenues have been growing at above 4% range since the great recession. Their revenue growth has continued well into this year, as Walt Disney posted a solid 9% sales growth in the first nine months of this year compared to last year, while net income expanded by 13%. But the market seems to remain unimpressed as Disney’s stock is down 8.76% since the start of the year. The company is currently trading at a low 16.5 times earnings.


    W_jTTcAy3rWVRGMsFgGQo-YZgUUFNHSpe4IpITKR

      


  • GNC is a Joel Greenblatt Bargain Walking a Tight Rope

    GNC is a retailer of health supplements and it is teetering. Greenblatt has a small 298,000 share position (0.09% of assets) in the company, but other big money like Steven Cohen (Trades, Portfolio), Jim Simons (Trades, Portfolio), and Paul Tudor Jones (Trades, Portfolio) have all sold out.


    In the last twelve months, the company has generated $204 million in net income on $2.6 billion in sales. It pays a tidy 4% dividend and presents a very solid buying opportunity below $20 a share. The current market cap is $1.33 billion, down 36% on the year. The recent drop comes off the news former CEO Mike Archbold is leaving the company and that Robert Moran will take over his duties on an interim basis, but let’s back up a moment.

      


  • Healthcare Winners: Stryker Corp., UnitedHealth Group Inc.

    It hasn't been a great year for health care stocks.


    In Toronto, the TSX/S&P Health Care index is off more than 31% year-to-date (to Aug. 25), mainly due to the miserable performances of Valeant Pharmaceuticals (NYSE:VRX), which has lost more than 70% of its value since Jan. 1, and Concordia International (TSX: CXR), which is down almost 80%.

      


  • Value Screeners Identify Cheap Company Stocks

    As discussed in a previous article, the value screeners offer helpful investing insights. Not only do the screeners list good company stocks in which to invest, they can also identify which stock markets are undervalued.


    As of Aug. 29 more than 2,800 global stocks made at least one of the value screeners, as shown in the table below.

      


  • David Nadel’s 2nd Quarter Buys

    David Nadel (Trades, Portfolio) of Royce International Premier Fund acquired three new holdings in the second quarter. They are Relo Group Inc. (TSE:8876), Morneau Shepell Inc. (TSX:MSI) and Winpak Ltd. (TSX:WPK).


    Nadel joined the Royce Funds in 2006 and serves as a portfolio manager for the International Premier Fund. The fund invests in multinational or global businesses that have a multicountry impact in terms of their revenue and cost. Nadel focuses on non-U.S. small-cap companies with a high competitive advantage, high returns on invested capital and sustainable franchises. He also seeks these companies' notable strengths in the industry structure, their operational efficiency, financial record and corporate governance.

      


  • New Fed Outlook Slightly Changes Market Perspective

    On Friday, the Federal Reserve outlined a slightly more aggressive approach for rate increases similar to its positioning a year ago in December. In December 2015, the Fed was signaling a much more aggressive path for interest rate increases. However, anomaly events in 2016 including global factors and the U.K.’s Brexit vote have kept the Fed from moving forward. As a result of the slowed pace in 2016, market investors were slightly surprised by the Fed’s return to its aggressive policy tightening plans.


    Despite the slowed pace of rate increases in 2016, the economy has continued to gain with all of the Fed’s key indicators improving. These improvements and the outlook for them will continue to drive the Fed, which has indicated two rate increases could potentially be enacted this year.

      


  • Bill Ackman Comments on Canadian Pacific

    On August 4, 2016 we sold our remaining 9 8 million shares of Canadian Pacific (NYSE:CP). This sale marked the end of our five-year investment in CP, which was a noteworthy success. I have agreed to continue on the board up until the next annual meeting or until qualified replacement directors have joined the board.


    We initiated our investment in Canadian Pacific in the fall of 2011. Prior to our investment, CP had meaningfully underperformed its closest competitor, Canadian National ("CN"), and the other North American railroads in nearly all key operating measures for more than a decade, a performance deficit best illustrated by CP's operating margin of 19%, or about half of CN's 37% margins at the time. As a result of this underperformance, CP' s shares had languished behind competitors and its potential for many years.

      


  • Bill Ackman Comments on Zoetis Inc.

    There is still a lot more work to do, but we are pleased with the company's progress over the last several months. Zoetis Inc. (NYSE:ZTS) Zoetis delivered another exceptional quarter of performance. Organic revenue growth was +4%, driven by +13% growth in Zoetis' companion animal segment. Excluding the revenue impact of the company's operational efficiency initiatives, organic revenue growth was 9%. Management's execution of its operational efficiency initiative continues to be excellent. SG&A as a percentage of sales fell by 180bps in the quarter, year-over-year and gross margins expanded 240bps. While we have sold a substantial portion of our investment to raise capital for new investments, we continue to believe that Zoetis' history of strong organic growth and margin expansion will continue.

    From Bill Ackman (Trades, Portfolio)'s mid-year 2016 letter.   


  • Bill Ackman Comments on Valeant

    At the time of our last financial report in March, Steve Fraidin and I had just joined the board of Valeant (NYSE:VRX) in an attempt to stabilize and enhance our investment in the company. Since we joined the board, the company has hired Joe Papa, an extremely capable and talented CEO, the substantial majority of the board has been replaced, the company has returned to filing its fmancial reports in a timely fashion, its bank debt has been successfully modified to substantially reduce the risk of covenant default, a highly credible and experienced CFO, Paul Herendeen, and General Counsel, Christina Ackermann, have joined the company, a new strategy and new fmancial reporting structure have been announced, and approximately $8 billion of assets are being evaluated for potential disposition.


    As a result of the above developments, we believe that Valeant has been successfully stabilized and is on the path to recovery. While we still expect the occasional negative press article about the company due to the ongoing government investigations and civil litigation, continued business progress should begin to focus investors and the public's attention on the company's high quality brands and products and its mission to improve patients' lives. With improved business performance, cash generation and leverage reduction, we expect Valeant's stock price to increase substantially from current levels.

      


  • Bill Ackman Comments on Restaurant Brands

    Restaurant Brands (NYSE:QSR) reported another strong quarter of underlying earnings in the second quarter of 2016. The company continued to deliver strong net unit growth at both concepts while substantially improving Tim Hortons' cost structure. Same-store-sales growth decelerated from prior quarters against a backdrop of slowing growth for the U.S. fast-food industry.


    Same-store-sales for the quarter grew nearly 1% at Burger King and 3% at Tim Hortons. Same-store-sales for Burger King's U.S. business declined 1% in the second quarter, due in part to the industry slowdown and a tough comparison against nearly 8% growth in last year's second quarter. Over time, we expect Burger King's U.S. same-store sales to increase at a healthy rate as the company narrows the sales gap with its key U.S. competitors. Net units grew 4% and the development pipeline remains strong. As a result of same-store-sales and net unit growth, Restaurant Brands' organic revenue grew 4%.

      


  • Bill Ackman Comments on Platform Specialty Products

    Platform (NYSE:PAH)'s earnings declined in the second quarter as positive results in Performance Solutions, increased cost synergies, and strong growth in the International Ag Solutions were offset by a significant decline in the North American Ag Solutions business and increased corporate costs.


    Platform's organic revenue increased 1% as Ag Solutions grew 5% and Performance Solutions revenue declined 2%. Ag Solutions achieved double-digit growth outside of North America (more than 80% of segment revenue), which was offset by a more than 40% decline in North America. The decline in North America resulted from the continued reduction in distributor channel inventories, decreased demand for pesticides due to lower pest pressures, and lower market share. The company stated that it has made changes to its sales force and product development initiatives and expects these efforts to improve business results over time. Performance Solutions' organic revenue declined primarily due to weakness in the electronics market in Asia, which the company noted should return to growth in the second half of the year.

      


  • Bill Ackman Comments on Nomad

    Nomad (NYSE:NOMD), the packaged frozen food company, announced second quarter results on August 25, 2016. Revenue for the quarter declined 3.8% on a like-for-like basis, excluding foreign currency changes. This marked the third straight quarter of sequential improvement in revenue trends. Margins and cash flow remained strong. The company reiterated its guidance for continued sequential revenue improvement throughout the year and €200 million of cash flow.


    Nomad stock trades at —9 times management's cash flow guidance per share, less than half the price of other packaged food businesses. We believe the company is taking the right actions to stabilize and enhance the business while integrating its recent Findus acquisition and working to deliver anticipated synergies.

      


  • Bill Ackman Comments on Mondelez

    On June 30, 2016, press reports, which were later confirmed, stated that Mondelez (NASDAQ:MDLZ) had made an offer to acquire The Hershey Company for $107 per share in a half-cash, half-stock transaction. While an acquisition of Hershey would certainly strengthen Mondelez's confectionery presence in North America, whether or not a deal creates value for shareholders depends on the price paid, the acquisition currency used and, as importantly, the potential for significant cost savings at Hershey.


    We believe that Mondelez shares are currently undervalued, and that the issuance of Mondelez stock at current prices to fund the acquisition of Hershey would likely be costly for Mondelez shareholders. More importantly, if Mondelez were to acquire Hershey or any other company, management must continue to be accountable for its own target of 17% to 18% operating profit margins by 2018 at the existing Mondelez business, excluding the impact or benefit of any acquisitions. We expect that shareholders would fmd it unacceptable for an acquisition of Hershey by Mondelez to delay or derail the productivity and cost savings transformation currently underway at the company.

      


  • Bill Ackman Comments on Howard Hughes Corp

    HHC's second quarter report highlighted the continued progress it is making across all of its initiatives and business segments.


    Net operating income ("NOT") from HHC (NYSE:HHC)'s operating assets increased from $28.5 million to $36 3 million year-over-year as recently developed properties continue to stabilize. HHC held steady its projected annual stabilized NOT estimate (excluding the South Street Seaport) of $215 million after increasing it from $203 million at year-end. Land sales closed in its Master Planned Communities ("MPC") segment decreased from $47 million to $34 million year-over-year in Q2 due to weakness at Woodlands in Houston and timing of superpad sales. The housing market in Summerlin remains strong as demonstrated by $48 million in land sales at The Summit, which is HHC's luxury golf course joint venture development within Summerlin. The Woodlands, which develops and sells lots at the upper end of the Houston residential market continues to experience a slowdown in housing activity. HHC saw increased activity, land sale closings and absorption rates at Bridgeland due to stronger demand for more affordable lots in Houston.

      


  • Bill Ackman Comments on Herbalife

    We have made substantial progress with our short position in Herbalife (NYSE:HLF). On July 15, 2016, after a more than two-year investigation, the FTC found that Herbalife has been operating illegally, misleading consumers about the potential profitability of its so-called business opportunity, among other extremely critical findings. The FTC's settlement with Herbalife avoided using the words "pyramid scheme" to describe its business, but found that the company had all of the hallmarks of other pyramid schemes it has prosecuted recently. The FTC's findings confirm each of our principal allegations against the company.


    The FTC stated that it chose to settle with Herbalife to avoid an extended period of litigation and to bring relief to consumers more rapidly. While Herbalife has to-date successfully spun the terms of the settlement as a victory for the company, the facts speak differently as the market appears to have recently begun to understand. While Herbalife stock rose more than 20% on the initial announcement of the settlement, it has declined since that time, and is now trading at approximately the same price as before the announcement.

      


Add Notes, Comments

If you want to ask a question or report a bug, please create a support ticket.


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)