Alan Fournier

Last Update: 2015-02-17

Number of Stocks: 42
Number of New Stocks: 6

Total Value: $5,328 Mil
Q/Q Turnover: 9%

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

Alan Fournier Watch

  • Middleby: Baking Up Capital Appreciation

    It’s been said that the big winners of the California Gold Rush weren’t the miners who dug for gold, but the grocers and bankers and shoemakers who supplied the miners.


    Can we say the same thing of the food industry, where we can invest in not the best restaurant chain, but rather one of the suppliers that puts food equipment in the kitchens of many chains?

      


  • Engineering Firm Fluor Should Prioritize Margins

    In this article, let's take a look at Fluor Corporation (FLR), a $9.31 billion market cap company, which is one of the world's largest engineering, procurement and construction companies, with more than 65% of its backlog derived from outside the U.S.


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  • Alan Fournier Boosts Stake in Company at 52-Week Low

    Alan Fournier (Trades, Portfolio) is the founder of hedge fund Pennant Capital Management and formerly worked at David Tepper (Trades, Portfolio)’s fund, Appaloosa Management. The guru on Thursday announced he made a 75.77% increase in his holding of Ocwen Financial Corp (OCN), according to Real Time Picks.  


  • Hedge Fund Manager Larry Robbins Boosts Stakes in Carter´s

    According to GuruFocus Real Time Picks, billionaire Larry Robbins (Trades, Portfolio), who founded Glenview Capital Management takes a long position on Carter's, Inc. (CRI). The company, a $4.24 billion market cap, has a trailing P/E ratio that indicates that the stock is relatively overvalued (29x vs 24.4x of industry mean). So one question arises, why this hedge fund manager is betting on it?


    So in this article, let's take a look at a model which is applicable to stable, mature, dividend-paying firms and try to find the intrinsic value of the stock. Although the model has a number of characteristics that make it useful and appropriate for many applications, is by no means the be-all and end-all for valuation. The purpose is to force investors to evaluate different assumptions about growth and future prospects.

      


  • Kids' Apparel Is a Growing Business

    According to GuruFocus Real Time Picks, Larry Robbins (Trades, Portfolio) added Carter's, Inc. (CRI) at an average price of $69.5 and currently holds 3,673,608 shares of the stock. This makes me feel that he is betting that the textiles, apparel, and luxury goods industry will expand in the near future.

    Carter’s is a marketer of apparel for babies and young children. Under its Carter’s brand, the company designs, sources, and markets a range of products, mainly for sizes newborn to seven. Under its OshKosh brand, the company designs, sources, and markets a range of young children’s apparel, mainly for children in sizes newborn to twelve.  


  • Billionaires Hold Four Stocks, 59% Off

    It’s time to go desk-surfing with the GuruFocus special feature 52-week low Value Screen. Surf through hundreds of US.. stocks currently listed at a 52-week low and discover performance data along with billionaire ownership and insider trade information. If you’re a jet setter, thousands of other possible bargains around the world can be found using the GuruFocus 52-week low Value Screen for stocks in Canada, Europe, Asia, UK, Ireland, and Oceania.

    Here’s research on four companies held by billionaire investors, as of the second quarter. All companies are currently on a 52-week low, and more than 59% off high.  


  • Recycled Steel Impacts Swinging Sector

    With China’s steel sector slowing, it is still the world’s largest steel producer, followed by Japan, and the U.S. coming in third place. World Steel reports that U.S. crude steel production is down 2.9% for the month of August 2013, year over year. China’s steel production for the same month was up 12.8% compared to August 2012. Japan’s production is flat, down by 0.6% over last August. The most-recycled material, steel, is influencing the domestic market with around 66% of U.S. steel now produced from recycled scrap.

    The steel business is known for volatility and swings in gross and net margins, due to the cyclic nature of the business and economic conditions. According to Nasdaq.com, the U.S. steel market will remain down in 2013, based on a glut of imported steel mostly from China.  


  • Alan Fournier's Top Five Positions

    Alan Fournier is the founder and manager of Pennant Capital Management. Prior to creating Pennant, Fournier spent some time working at David Tepper’s Appaloosa Management managing global equity investments. During the second quarter Fournier sold out of four companies and made initial buys into eight new stocks. His second quarter portfolio held 46 stocks valued at $5.373 billion. The following five companies represent Fournier’s top five positions.

      


  • USAP, X, NUE - Domestic Steel Production Second Quarter Update

    In spite of high import penetration by foreign steel producers into U.S. markets, some investor Gurus are buying steel while others wait for a better U.S. trade policy that will even out the playing field of this sector know for margin swings. Here’s a look at the U.S. raw steel production numbers issued last week and an update on Guru trades of three U.S. steel companies.

    Last week the American Iron and Steel Institute reported a slight increase in steel production since last year. For Aug. 3, 2013, domestic raw steel production was 1,888,000 net tons while the capability utilization rate was 78.8%, compared to 1,855,000 tons in the same week a year ago, with a capability utilization rate of 74.6%, with steel shipments going mostly to construction at 42% and automakers at 24%.  


  • Enough Apple Pie, Alan Fournier Unloads Major American Companies

    After selling companies as American as apple pie, both Coca-Cola Enterprises Inc. (CCE) and Google Inc. (GOOG) in the previous quarter, billionaire Guru Alan Fournier sold out four more holdings linked to American identity, ingenuity, innovation and insurance: Apple Inc. (APPL), Ford Motor Co. (F), Family Dollar Store (FDO) and WellPoint Inc. (WLP), as of the quarter ending March 31, 2013. Here are the details:

    Sold Out: Apple Inc. (AAPL) – Computer Systems  


  • Pennant Capital’s Fournier - Adds Again, USAP Down 20%

    It appears that Guru Alan Fournier, Pennant Capital Management, has faith in stainless steel as the metal of today and the future, despite raw steel production in the U.S. being down 8.2% compared to a year ago. What’s not to love about the corrosion-fighting, heat-tolerant metal? Stainless steel is strong, beautiful, reflective and recyclable.

    As of April 3, 2013, Fournier, increased his Universal Stainless & Alloy Products (USAP) position by 0.62% for the eleventh time in 2013. Fournier added 7,000 shares at an average price of $34.92 per share, for a total of 1,133,021 shares after the trade. Ownership is filed as Pennant Capital Management and the Broadway Gate Master Fund Ltd. Fournier’s hedge fund Pennant Capital is listed as 10% owner of Universal Stainless & Alloy Products.  


  • Alan Fournier - Tenth Add of USAP in First Quarter

    As of March 28, 2013, fund manager Guru Alan Fournier, Pennant Capital Management, made his tenth add of Universal Stainless & Alloy Products (USAP) stock in 2013, increasing his position by 0.84%, for a total of 1,126,021 shares. Ownership is filed as Pennant Capital Management and the Broadway Gate Master Fund Ltd. The current share price is $36.35, up 1%.

    Headquartered in Bridgeville, Pa., Universal Stainless & Alloy Products (USAP) manufactures specialty steel products, including stainless steel, tool steel and other alloyed steels. Fournier’s hedge fund Pennant Capital is 10% owner of USAP, established in 1994. Universal Stainless sells to service centers in the manufacturing sector.  


  • Ford Motor Company (F) - How to Sell Cars to the Feminine Mystique

    With automakers casting a wider global net, top billionaire investor Gurus seem split on the Ford Motor Co. (F) as of quarter ending Dec. 31, 2012. While increasing automotive exports overseas, automakers are also reaching towards women as a sector of key buyers, earners and decision-makers. The obvious necessity of marketing to women is finally trickling up in corporations after Betty Friedan wrote all about it 50 years ago in her classic book “The Feminine Mystique.” (There’s a chapter on advertising: The Sexual Sell.)

    It’s very interesting that Ford India and Ford in Italy have two very different ways of selling cars to and through the feminine mystique. Today CNN reported a Ford Figo ad campaign in Italy depicting Italy’s former prime minister Silvio Berlusconi driving a Ford Figo with three women bound and gagged in the back. The Ford company has already apologized.  


  • Alan Fournier—Reduces PHH

    On March 14, 2013, Alan Fournier, fund manager of Pennant Capital Management, reduced his position on PHH Corporation (PHH) by 38.73%, leaving the value investor with 2,845,982 PHH shares. The current share price is $21.81. PHH Corporation has two different segments of business: mortgage services and fleet management outsourcing. PHH Mortgage sells its loans to secondary market investors. The company posted net income of $58 million in the fourth quarter of 2012, compared to $46 million for the same period in the previous year.

    Check out Alan Fournier’s PHH Holding History.  


  • Alan Fournier - Steeled Again on USAP

    Yesterday Alan Fournier, fund manager of Pennant Capital Management, made his fifth purchase of Universal Stainless & Alloy Products (USAP) stock in 2013, adding another 0.82% of USAP at $35.85. The current price of USAP is $36.69. Fournier now owns 1,112,768 shares of USAP. The stock price has gone up 33 cents per share since Fournier’s last add on March 6, 2013. USAP manufactures specialty steel products, including stainless steel, tool steel and other alloyed steels. According to SEC filings, Fournier’s hedge fund Pennant Capital is 10% owner of USAP. Here’s Alan Fournier’s Holding History of USAP.

      


  • Alan Fournier - Steely on Steel with USAP

    On March 6, 2013, Alan Fournier, fund manager of Pennant Capital Management, made his seventh add of Universal Stainless & Alloy Products (USAP) stock in a string of adds this year. With this latest increase of 0.76%, Fournier owns 1,103,668 USAP shares at the average price of $36.15. USAP's stock price continues to fluctuate slightly since its drop on Jan. 28, 2013 to $32.78.

      


  • Alan Fournier - Full Sail with USAP

    On Feb. 15, 2013, Alan Fournier, fund manager of Pennant Capital Management, made his third purchase of USAP stock in 2013 so far, acquiring 20,500 shares of Universal Stainless & Alloy Products (USAP) at the average price of $36.09, as reported in the latest Real Time Picks.

    With this add of 0.23%, Fournier now owns 1,068,768 shares of USAP. The stock price has not changed since his last purchase on Feb. 6, 2013. USAP closed at $36.22 a share on Feb. 15, up 0.36%. Pennant Capital primarily invests in technology, healthcare, services, industrial goods, consumer goods, financial, basic materials and industrials. As of the end of 2012, Pennant listed 42 stocks at a total value of $4.79 billion.  


  • Universal Stainless: Valuations Not as Attractive as Miss Universe

    Universal Stainless & Alloy Products Inc. (USAP) headquartered in Bridgeville, Pa. and established in 1994, manufactures and markets semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. USAP's products, sold to service centers, forgers, rerollers and original equipment manufacturers, are further processed by customers for use in a variety of industries, including aerospace, power generation, oil and gas and heavy equipment manufacturing. Its specialty bar facilities have one of the broadest and diverse size range and product capabilities in the industry. USAP also offers conversion services on its Radial Forge and Universal Rolling Mill.  


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