Charles Brandes

Charles Brandes

Last Update: 08-10-2015

Number of Stocks: 195
Number of New Stocks: 21

Total Value: $7,797 Mil
Q/Q Turnover: 8%

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

Charles Brandes Watch

  • Telecom Italia's Next Deal

    When Madrid based Telefonica (NYSE:TEF), which is held by Charles Brandes and Mario Gabelli, decided to take control of Telco, the company which exercises de facto control over Telecom Italia (NYSE:TI) with its 22.4% stake, it was clear that the over leveraged Italian company would have to do something about its Latin American assets.

    Last month, the former Italian monopoly decided to sell its stake in Telecom Argentina (NYSE:TEO) to the Mexican investor David Martinez for just about $1 billion. Now, the Brazilian antitrust regulator is telling Telefonica to either reduce its investment in Telecom Italia, which controls TIM Brazil, or sell a stake in its Brazilian business, Vivo. The reason is clear. Vivo and TIM Brazil control over half of the country's mobile market. Most probably, the solution will come from Telecom Italia's side. I think the Milan-based company will finally decide to sell TIM Brazil in order to keep reducing its debt pile. That said, is selling TIM Brazil a good thing for Telecom Italia's shareholders?  


  • Guru Stocks at 52-Week Lows: EBAY, SO, EXC, KOF, VIV

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

    [b] eBay Inc. (NASDAQ:EBAY) Reached the 52-Week Low of $50.33  


  • Utilities Sector Watch - Gurus Hold Three Companies on a 52-Week Low

    The GuruFocus 52-week low screener reveals that the following three regulated utility companies are on a 52-week low. This sector currently has eight stocks out of 164 at a 52-week low. The low ratio is 0.05. These stocks were also screened for yield, billionaire investors and recent insider action.

    Highlight: FirstEnergy Corp. (NYSE:FE)  


  • Charles Brandes Q3 Commentary - Emerging-Markets Concerns Rising — So Are Select Opportunities

    Uncertainties Create Potentially Attractive Valuations for Stock Pickers

    Executive Summary  


  • Guru Stocks at 52-Week Lows: EXC, VIV, CNHI, CTL, EQR

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

    Exelon Corp (NYSE:EXC) Reached the 52-Week Low of $28.12
      


  • Weekly 3-Year Low Highlight: VIV, CNHI, WTW, OPHT

    According to GuruFocus list of 3-year lows: Telefonica Brasil S.A., CNH Industrial NV, BanColombia SA, Weight Watchers International, Ophthotech, and Bluebird Bio have all reached their 3-year lows.

    Telefonica Brasil S.A. (NYSE:VIV) Reached the 3-year Low of $19.65  


  • Could Investors Reach a Port During a Storm? Here Is a Global Financial Services Giant

    In the upcoming year I expect revenue growth for banks, despite the offsetting effect caused by high regulatory costs. Days ago, the head of the Basel Committee on Banking Supervision said that he expects a tightening of global rules regarding how banks determine the riskiness of their banking and trading book assets for the purpose of determining their regulatory capital reserve requirements. So let's take a look at two banks and see which one is doing better and thus stands as the best investment.

    [b]Under the Umbrella  


  • Six Sells in Review - The Charles Brandes Third Quarter Update

    The third quarter portfolio of Brandes Investment, managed by Guru Charles Brandes, shows 42 reductions and sellouts combined. The recent Brandes’s portfolio lists 172 stocks, 27 of them new, and a total value at $7.76 billion. The quarter-over-quarter turnover is 5%. The portfolio is weighted with financial services at 20.8%, technology at 19.7% and communication services at 16.6%. Charles Brandes is averaging a return of 9.29% over 12 months. In 2012, he returned 18.54% against the S&P 500’s 15.4%.

    Here’s a review of six of Brandes’s sells, as of Sept. 30, 2013.  


  • Guru Charles Brandes' Third Quarter Top Holdings

    A disciple of value investing Guru Benjamin Graham, Charles Brandes founded Brandes Investment Partners in 1974. Brandes' funds continue to perform well, with both the Global Equity fund and the International Equity fund producing double digit returns over the past year.

    Over the third quarter, Brandes bought 27 new stocks bringing his total number of stocks held to 172. The guru’s portfolio is currently valued at over $7.7 billion.  


  • Game On! AMD Returns to Profit with Customers in High Places

    Everyone needs a vivid digital experience — at least this is the basis of semiconductor innovations by Advanced Micro Devices Inc. (NASDAQ:AMD) as it pushes the envelope of accelerated processing units for a wide range of computing devices. The customer list of Advanced Micro Devices Inc. (NASDAQ:AMD) reads like the Who’s Who of gaming and graphics, starting with Apple Inc.

    AMD also works closely with Microsoft Xbox One, Sony PS4 and Nintendo Wii U, all of which carry AMD technology on the inside. In fact, the company’s technology is now inside every major next generation gaming console and home entertainment system. The company provides better-faster-smarter graphics solutions so that gamers can take their PC gaming to the next level. Apple Inc. also plans to use AMD graphics cards in its redesigned Mac Pro, as the cards improve both the visual and computing performance, and they also provide the power needed by the digital content creators.  


  • Is It Time to Buy BP?

    I have been long British Petroleum (NYSE:BP) for over one year now. The market did not reward my decision. Year-to-date, the shares are up by just 3%, under-performing the S&P 500 by over 15%. That said, after more than $36 billion of divestitures to cover the oil-spill costs, I think the shares should finally start gaining momentum in a moment when a recent settlement between Haliburton (NYSE:HAL) and the Department of Justice (DOJ) should help British Petroleum's legal position in the legal battle that followed the 2010 Deepwater Horizon disaster.

    The Future Ahead  


  • One Telecom Trade to Consider

    Despite its high leverage and its troubles at its home market, I have liked Madrid-based Telefonica (NYSE:TEF), which is held by Charles Brandes and David Dreman - for over a year now. The reason was simple: My estimated value for Telefonica was well below its stock's price. The value of its Latin American operations (over 50% of the company's top-line) provided some support for the company's profitability level while its strategy of cutting debt through asset sales (such as the sale of its O2 UK broadband business and 40% of Telefonica Central America) was working even better than I had initially expected. Apparently, the market recognized Telefonica's value since the shares are up by 30% year to date. As a direct result of the surging stock price, Telefonica's price is not as attractive as it used to be. The company now trades at 10.8% 2014 adjusted equity free cash flow yield and 5.7 times EV/EBITDA.

    A Deal with Trans-Atlantic Consequences  


  • Should You Be Long These Two American Banks?

    Even when some investors were disappointed about results coming from big American banking institutions, I think the picture is clear: The financial system is gaining some stability. As the Financial Times has put it: “Bad news was less bad and good news was less good.” Let's take a quick look at the results that came from two of America's biggest banks, Citigroup (NYSE:C) and Bank of America (NYSE:BAC).

    The Healing Process Is On-Going  


  • The Alchemist’s Way - Charles Brandes High-Impact Sells in Review

    The Gurus can teach us many things. A huge financial loss can be experiential fire. In the alchemical process of smelting inner wealth from outer loss, that fire can transform a mere billionaire into a wise Guru.

    Charles Brandes, for example, demonstrates that it’s not just about money, it’s about character. Not many investors can survive and thrive after free-falling a drop of more than $100 billion in assets under management, but Brandes did, and he is still one of America’s richest. According to Forbes, as of March 2013, Brandes Investment Partners managed around $27.2 billion, a far cry from the firm’s $120 billion six years ago.  


  • Is Now the Time to Go Long BlackBerry?

    After having pre-announced dismal second quarter 2014 results, BlackBerry (NASDAQ:BBRY) said it reached a preliminary deal to take the company private for $4.7 billion in cash ($9 per share). The company is indeed in terrible conditions. Second quarter 2014 sales were projected at just $1.6 billion, roughly half consensus of $3.1 billion. Volumes came down by 45% quarter over quarter (qoq) and BB10 hasn’t built any momentum yet. That said, there is a fair price for every asset and somebody has finally made a bid for the entire enterprise. Should you go long BlackBerry now?

    The Preliminary Deal  


  • Edible Profits: Grocery Stores

    Low customer confidence due to an adverse economic environment has affected supermarket operators, and tighter market competition over pricing has further eroded margins. However, as the economy slowly recovers, grocery stores are presented with an opportunity to improve performance and deliver profits. Let us look at the Safeway (NYSE:SWY) and Kroger (NYSE:KR), two supermarket operators, in order to discern which one offers better investment prospects.

    Improvements Continue  


  • Go Global for Profits

    Investors often suffer from home-team syndrome. U.S. investors are particularly guilty of looking at only the stocks located in their home markets and ignoring the rest of the world.

    The truth is that while something on the order of 11,000 stocks trade here in the U.S., shares of more than 50,000 companies trade around the world. More than 1,800 companies trade on one of the various U.S. exchanges, giving us unprecedented access to foreign securities.  


  • Industrial Look: Eye on Japan’s Imaging Companies with High Yield

    In the 80s and 90s, it seemed everyone had to own a prized Nikon camera. The digital revolution came along and obliterated much of the demand for film and dark rooms. Then camera technology became universal in smart phones, yet again reorganizing the demand for cameras and how we capture images. Moreover, advances to digital imaging technology translated well beyond cameras to copiers, printers, scanners, microscopes, telescopes and other precision instruments.

    Here’s a look at two long-established Japanese camera and imaging equipment companies in a 52-week low. The companies selected are more than 20% off a 52-week high.  


  • Should You Start Buying European Telecom Companies?

    The European telecom sector, which is extremely competitive, has been operating under great pressure during the past few years. Stiff price competition has shrunk earnings making highly indebted companies such as Telefonica (NYSE:TEF) or Telecom Italia (NYSE:TI) lose value faster than ever. The economy did not help either. The European five-year recession also made consumers much more price sensitive making churn jump to all-time highs.

    Now the industry's picture is changing for the best. At a time when the European economy seems to be coming back, the sector is finally consolidating and price-competition has dramatically slowed. Let's analyze my favorite two telecom plays.  


  • Billionaires Hold Bargains, 40% Off or More

    Today the GuruFocus Guru Bargains feature reveals four stocks that are 40% or more off since a number of billionaires bought them. It provides some level of assurance to be able to follow or at least consider the pathway of billionaire investors who’ve already put their money on these stocks. Billionaire buys can indicate a probability that certain stocks may have deep value. Check out the GuruFocus Guru Bargains feature to discover many more stocks priced at around 20% off since billionaires last bought.

    Primus Telecommunications Group Inc. (PTGI) - Yield 0.00%  


  • Lear Company (LEA): Putting You in the Driver’s Seat

    History:

    Lear Corporation was originally known as American Metal Products and has a history going back to 1917 as part of the automotive industry in the Detroit area. Lear Corporation manufacturers seat assemblies for automobiles and aircraft, along with other components. Lear is a mid-cap company with a market capitalization of $ 5.7 billion and is an international company that gives it presence in 36 different countries, including the fast growing emerging markets. With approximately 113,000 employees and 221 locations and total sales of just under $ 14.6 billion, Lear is divided into two main segments. The Seating segment consists of 76% of the business and the Electrical Power Management Systems segment providing 24% of the business.  


  • Guru Stocks at 52-Week Lows: RDS.A, SPG, AMT, HDB, VIV

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

    [b]Royal Dutch Shell PLC (NYSE:RDS.A) Reached the 52-Week Low of $64.00  


  • Charles Brandes Top Second Quarter Portfolio Changes

    A disciple of value investing Guru Benjamin Graham, Charles Brandes founded Brandes Investment Partners in 1974. Brandes' funds continue to perform well, with both the Global Equity fund and the International Equity fund producing double-digit returns over the past year.

    Over the second quarter, Brandes bought 11 new stocks bringing his total number of stocks held to 169. The guru’s portfolio is currently valued at over $7.9 billion.  


  • Charles Brandes' Top 5 Holdings

    A disciple of value investing Guru Benjamin Graham, Charles Brandes founded Brandes Investment Partners in 1974. Brandes' funds continue to perform well, with both the Global Equity fund and the International Equity fund producing double digit returns over the past year.

    Over the second quarter, Brandes bought 11 new stocks bringing his total number of stocks held to 169. The guru’s portfolio is currently valued at over $7.9 billion.  


  • Undervalued and Predictable Banks with Yield

    According to the GuruFocus Undervalued Predictable Companies screener, 90 U.S. stocks are currently listed as undervalued and predictable, as well as a number of stocks in other countries. Here’s an update on four banks around the world with high predictability ratings and yield. These banks also had recent trading action by billionaire investors or insiders.

    Bank of Nova Scotia (NYSE:BNS)   


  • Housing Shares Spike - Homebuilding Stocks on a 52-week Low

    Is there a housing shortage on the horizon or too much inventory? In the crossfire of contradictory housing data, the bears and bulls remain in disagreement over a possible recovery in the home building sector. However, housing share prices did bounce briefly this morning from the small burst of good news that new home sales of 330,000 are marginally higher than the 310,000 anticipated for June, according to CNN. Here’s a look at the 52-week low stocks in the home building and construction sector and the billionaire gurus who are holding them.

    Industry Sector: Homebuilding and Construction  


  • Brandes Increases Stake in Mexican Construction Company

    In the past week Charles Brandes of Brandes Investments doubled his stake in Homex Development Corp. (HXM). He increased his holdings in Homex 101.65%, adding an additional 405,409 shares. Brandes purchased these shares at an average price of $4.70 per share; since his buy, the price per share has decreased an additional 13% to $4.07 per share. The guru now holds 804,219 shares of Homex Development. Charles Brandes holding history of Homex Development:

      


  • Charles Brandes - The Market Has Taught Me to Ignore the Market Most of the Time

    Value investor Charles Brandes was interviewed by Business Outlook India:

    Volatility, they say, is a friend of value investors. But the crisis of 2008 proved to be an exception to the rule. Take the case of Charles Brandes, the 70-year-old founder of Brandes Investment Partners, who saw assets under management wilt from an eye-popping $111 billion at the end of 2007 to around $21 billion in a span of five years. But the turn of events has not shaken the confidence of the dyed-in-the-wool value investor, who believes that so long as human nature doesn’t change, value investing will remain an effective long-term investment strategy. Incidentally, Brandes is among the privileged few to have legendary value investor, Benjamin Graham, as a mentor. Their relationship began in 1972 when Graham walked into a brokerage where Brandes worked, wanting to buy a stock. Those initial learnings from Graham have since become the foundation of Brandes’ investment philosophy for the past 39 years. Among the very first to have started investing in emerging markets way back in 1982, Brandes believes that while volatility can distort prices in the near term, the value of a business is eventually reflected in stock prices over the long term.  


  • The Far-Off Four, 52-week Lows Held by Gurus

    This week the GuruFocus 52-week low screener reveals the “Far-Off Four,” meaning four stocks that are among the farthest off-high:

    ANV  


  • Weekly 3-Year Low Highlights: CVH, PBT, VCRA, JAKK, BELFA

    According to GuruFocus' list of three-year lows, Coventry Health Care Inc., Permian Basin Royalty Trust, Vocera Communications Inc., Bel Fuse Inc. and Jakks Pacific Inc. have all reached their three-year lows.

    Coventry Health Care Inc. (NYSE:CVH) Reached the Three-Year Low of $9.44  


  • Weekly 3-Year Low Highlights: NIHD, MM, CNSI, AVAV

    According to GuruFocus list of three-year lows, NII Holdings Inc., Millenial Media Inc., Comverse Inc. and Aerovironment Inc. have all reached their three-year lows.

    NII Holdings Inc. (NASDAQ:NIHD) Reached the Three-Year Low of $4.6  


  • Weekly Guru Bargains Highlights: FIO, APOL, EBR, JE, MTX

    According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

    Cyclone Uranium Corp (NYSE:FIO): Down 30% Since Jim Simons Bought in the Quarter Ended on 2012-09-30  


  • Who Is Ben Grossbaum and Why Should We Listen to Him?

    Ben Grossbaum was born on May 8, 1894, in London and moved to New York with his family when he was one year old. Young Grossbaum was motivated by the death of his father and the humiliation of poverty. Wanting a better life, he became a model student, graduating as the class salutatorian from Columbia University at the age of 20.

    Upon graduation, Grossbaum received an invitation for employment as an instructor in English, mathematics and philosophy, but instead he chose a job on Wall Street. Grossbaum was a student of investing, spending great time studying and analyzing the financial state of companies. He was critical of the corporations for obfuscated and irregular financial reporting making it difficult for investors to discern the true state of the business' finances. Many convictions such as returning a portion of the company's earnings to shareholders through dividend payments and not relying on future growth to justify a high price are still widely held beliefs by many today.  


  • Guru Stocks at 52-Week Lows: MSFT, VOD, AMX, NTT, TEVA

    These Guru stocks have reached their 52-week lows according to our GuruFocus list .

    Microsoft Corp. (NASDAQ:MSFT) Reached the 52-Week Low of $26.78  


  • Guru Stocks at 52-Week Lows: VOD, PRA, DCM, OXY, NTT

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

    Vodafone Group Plc (NASDAQ:VOD) Reached the 52-Week Low of $25.63  


  • Weekly Guru Bargains Highlights: HMSY, FB, TSU, SLXP, ANR

    According to GuruFocus Bargains, these stocks have declined the most since Gurus have bought.

    HMS Holdings Corporation (NASDAQ:HMSY): Down 23% Since RS Investment Management Bought in the Quarter Ended on 6-30-2012  


  • Guru Stocks at 52-Week Low: COP, SI, ITUB, TEF, NTT

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

    ConocoPhillips (NYSE:COP) Reached the 52-Week Low of $53.34  


  • Weekly Guru Bargains Highlights: NG, ALU, APKT, RP, MTL

    According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

    NovaGold Resources (NG): Down 28% Since Seth Klarman Bought in the Quarter Ended on 2011-12-31  


  • Guru Stocks Raising Dividends: RMCF, CPK, RAI, PEP, CAH

    This is the group of companies who raised their dividend during the week:

    Rocky Mountain Chocolate (NASDAQ:RMCF)  


  • A Closer Look at the F-Score

    For some time now, GuruFocus has displayed the F-Score in the upper right section on the “Guru Trade” screen. The F-Score, a designation given by its founder, Joseph Piotroski, appears to be a tool that too often gets overlooked. Some of this is due to some misunderstanding as to how the numbers were intended to be used.

      


  • Guru Stocks at 52-Week Lows: TEF, NTT, ABX, CHU, FTE

    Last week’s top five stocks that reached their 52-week lows were TEF, NTT, ABX, CHU, and PTE. According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows.

    Telefonica S.A. (NYSE:TEF) Reached the 52-Week Low of $16.41  


  • Five Compelling Reasons to Allocate to Emerging Markets: Brandes Investments

    Many investors are hesitant to allocate a portion of their portfolio to emerging markets, in part due to perceived high risks. Although historically these risks may have presented a barrier, the situation has changed dramatically over the past decade. Emerging markets are no longer the uncharted markets they were in the past—they are advancing economies with growth opportunities and continually improving economic and political conditions.

    Emerging markets may be an attractive investment opportunity now for five compelling reasons:  


  • Ben Graham’s Disciple: Charles H. Brandes

    This is a series on Benjamin Graham’s disciples (direct students in this case), their association with their great master, their investment philosophy, and of course their performance.

    This is basically a beginning of one of our projects, psychological profiling of the legendary value investors, starting with Ben’s disciple with an objective to understand them better from the perspective of their psychological makeup since we believe cognitive psychology or dealing with cognitive biases, not stratospheric IQ give investors an edge over others in investment. The sole purpose of this project is that how investors can takeaway the most out of Graham’s disciples.  


  • Peter Lynch: Part Two

    “Companies that have no debt can’t go bankrupt."

    In my earlier article, “Is an Idiot Running the Business”, I mentioned taking a closer look at the techniques used by one of the greatest investors of all time, Peter Lynch.  


  • Guru Stocks at 52-Week Lows: TEF, FTE, KT, WSH, EA

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

    Telefonica S.A. (NYSE:TEF) Reached the 52-Week Low of $17.24  


  • Guru Stocks at 52-Week Lows: NSRGY, FTE, TLK, TI, YPF

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

    Nestle S A Reg (NSRGY) Reached the 52-Week Low of $54.37  


  • Guru Stocks Raising Dividends: PEBO, WBCO, AJG, HCP, STX

    This is the group of companies who raised their dividend during the week: Peoples Bancorp Inc., Washington Banking Company, Arthur J. Gallagher & Co., HCP and Seagate Technology.

    Peoples Bancorp Inc. (NASDAQ:PEBO)  


  • Guru Stocks Raising Dividends: PEBO, WBCO, AJG, HCP, STX

    This is the group of companies who raised their dividend during the week: Peoples Bancorp Inc., Washington Banking Company, Arthur J. Gallagher & Co., HCP and Seagate Technology.

    Peoples Bancorp Inc. (NASDAQ:PEBO)  


  • Brandes Investment Partners Discusses Euro Debt, Emerging Markets, Japan and Where They Are Finding Value

    Brandes Investment Partners offers their take on virtually all of the most pressing current investing topics: the European debt crisis, emerging markets, volatility, Japan, dividend yields, ETFs and where to find the best value stocks. Some quotes from the interviews:

    . As of February, Japanese market is at the cheapest from price to book, price to sales and price to cash flow in the last 25 years.  


  • Top 04 gainers of Jan 06, with maximum 58% gain, and two with significant insider buying

    On the closing bell of Jan 06 2012, the four biggest gainers in the stock market got the upward movement of at least 19% up to more than 58% in a day. Somehow it is noteworthy to look into those situations and see the reasons for the sudden high jump.

    The best gainer of the day belonged to First Financial Service Corp (NASDAQ:FFKY), it moved from $1.5 per share to $2.38 per share within one day, making the gain of nearly 58.7%. FFKY is the bank offering the personal and corporate banking services and personal investment financial counseling services. It operates around 15 branches in central Kentucky. On the hey-day back in 2006, the price has topped $28.5 per share with consistent dividend until the third quarter of 2009. It has stopped paying the dividend since then and the stock price experienced the free fall. At $2.38 per share, it is trading at 0.2 times book value, negative earnings since 2009. In December 2011, Zack Investment Research has downgraded the stock from a “Neutral” rating to an “Underperform” rating. So the recent ramp up in the price might due to short-term speculation. Nevertheless, on another note, dated back in 2010, the President and the director of the company kept buying in the shares in for the price of $7.3 - $7.8 per share.  


  • Time to Buy Home Builders at First Hints of Optimism?

    Much data is coming out suggesting that the housing bottom may have finally been reached, and small growth is finally budding. Does this mean value investors could get some bargains in the industry? Arnold Van Den Berg of Century Management seems to think so. He is stepping out where many other investors fear to tread. This quarter he added enough to his position in Toll Brothers (NYSE:TOL) to make it his eighth largest position. Several other gurus are venturing into the space amid rising optimism.

    The year commenced with several positive headlines about the housing industry. For instance, though tight mortgage restrictions have been put in place since sub-prime mortgage lending run amok precipitated the credit crisis of 2008-2009, the Federal Reserve recommended that change in order to stimulate the housing market.  


  • Guru Stocks at 52-Week Low: NSRGY, ORCL, TEF, MTU, GS

    Last week’s top five stocks that reached their 52-week lows were NSRGY, ORCL, TEF, MTU, and GS. According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows.

    Nestle S A Reg (NSRGY) Reached the 52-Week Low of $54.37  


  • Guru Stocks at 52-Week Low: PTR, NSRGY, HBC, TEF, VALE

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

    PetroChina Co. Ltd. ADS (NYSE:PTR) Reached the 52-Week Low of $116.54  


  • Brandes Analyzes: Continuing Uncertainty in Global Equity Markets

    Long-Term Investors Could Benefit from Holding Undervalued Equities Today
    Macroeconomic concerns have remained top of mind among global investors, sending key stock market indices into a volatile trading pattern.  


  • Guru Stocks at 52-Week Lows: NSRGY, TM, RY, MTU, HMC

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

    Nestle S A Reg (NSRGY) Reached the 52-Week Low of $54.37  


  • Guru Stocks at 52-Week Lows: NSRGY, TM, PEP, HMC, WAG

    Last week’s top five stocks that reached their 52-week lows were NSRGY, TM, PEP, HMC and WAG. According to GuruFocus' list of 52-week lows, these Guru stocks have reached their 52-week lows.

    Nestle S A Reg (NSRGY) Reached the 52-Week Low of $54.37  


  • Old Tech Companies Deliver Generous Dividend Yields With High Dividend Growth Potential: INTC, MSFT, AMAT, CAJ

    With the recent market decline, the dividend yields of some very predictable and financially strong companies are become very attractive. This is the first of a series of articles that will highlight the companies that are giving generous dividends for their shareholders: big tech companies.

    Tech companies normally are not in the area where income investors would invest. But since the burst of the tech bubble a decade ago, the stocks of these tech companies never recovered, even as they continue to grow their revenue and earnings. In many cases they generate a lot of cash, and do not find enough investment opportunities to deploy the cash. Therefore they return these cash to shareholders in dividends. The payout ratios are small and there are tremendous potential for dividend growth. The Companies we want to highlight here are familiar names: Intel (NASDAQ:INTC), Microsoft Corporation (NASDAQ:MSFT) , Applied Materials Inc. (NASDAQ:AMAT), and Canon Inc. ADS (NYSE:CAJ).  


  • Guru Stocks at 52-Week Lows: RDS.A, BRK.A, GE, HBC, NVS

    Last week’s top five stocks that reached their five-week lows were RDS.A, BRK.A, GE, HBC and NVS. According to GuruFocus' list of 52-week lows, these Guru stocks have reached their 52-week lows.

    Royal Dutch Shell ADS Cl A (NYSE:RDS.A) Reached the 52-Week Low of $61.32  


  • Guru Stocks at 52-Week Low: BRK.A, GE, HBC, JPM, WFC

    According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. Berkshire Hathaway Inc. Cl A (NYSE:BRK.A) Reached the 52-Week Low of $102272

    The prices of Berkshire Hathaway Inc. Cl A (NYSE:BRK.A) shares have declined to close to the 52-week low of $102,272, which is 23.1% off the 52-week high of $131300. Berkshire Hathaway Inc. Cl A is owned by 24 Gurus we are tracking. Among them, seven have added to their positions during the past quarter. Seven reduced their positions.  


  • Guru Stocks at 52-Week Lows: Microsoft, Berkshire Hathaway, HSBC Holdings, JP Morgan

    Last week’s top five stocks that reached their 52-week lows were Microsoft Corp. (NASDAQ:MSFT), Berkshire Hathaway Inc. (NYSE:BRK.A), HSBC Holdings Plc ADS (HBC), and JP Morgan Chase (NYSE:JPM). According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows.

    Microsoft Corp. (NASDAQ:MSFT) Reached the 52-Week Low of $24.05  


  • Value Shop Brandes Investment Reports Q2 Portfolio: Buys TEL, CSCO, TAP, WMT, NWLI, GLW, UBS, VIV, PBR.A

    Charles Brandes learned investing from Ben Graham. Probably that is why he is old fashioned with investing. He stays where low valuation is. To understand more about how he and his firm invests, please read the notes we took at the latest Value Investors’ Conference. This is the second quarter portfolio of Brandes Investment. As of 06/30/2011, Brandes Investment owns 185 stocks with a total value of $14.1 billion. These are the details of the buys and sells.

    This is the portfolio chart of Charles Brandes. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.  


  • Tuesday Value Overview

    Tuesday’s Value Overview edition notes Greenlight Capital’s new position in Huntington Ingalls (NYSE:HII), a decision from George Soros, a Barron’s piece on the federal debt mentioning ConocoPhillips (NYSE:COP), Costco (COST), and Intuit (INTU), and a Berkshire Hathaway (NYSE:BRK.B) throw-in from me, and an earnings release from Charles Brandes-owned SuperValu and its performance relative to Safeway (SWY).

    David Einhorn’s Greenlight Capital disclosed a 5.1% ownership interest in Huntington Ingalls today. This is a classic spin-off play. Shares began trading in late March and had fallen about 14% before today’s share price rise. Huntington Ingalls used to be a part of Northrop Grumman. The company is a ship builder for the U.S. military. When I stuck the name in Google News, the first result that popped up was the company’s plans to hire 10,000 to 15,000 workers in the next five years. Spin-offs typically trade off compared to their peers soon after being spun off the parent company. The companies also tend to outperform their peers over their first few years as management can be more nimble and responsive to their customers. The sell-off effect isn’t as great as it used to be because savvy investors recognize the phenomenon, but it still happens. This might be one to take a closer look at.  


  • European Stocks at 52-Week Lows: BCS, CS, TI, NOK

    As the Euro zone debt crisis continues to unfold, many of the European stocks are making new 52-week lows. We have created a page which highlights the internationals that are at 52-week lows. In this article we would like to highlight some of the international stocks in the list. These companies are Barclays PLC ADS (NYSE:BCS), Credit Suisse Group (NYSE:CS), Telecom Italia SpA (NYSE:TI), Nokia Corp. ADS (NYSE:NOK). Also you can find the complete list of the international stocks that are traded at 52-week lows.

    Barclays PLC ADS (NYSE:BCS)  


  • Guru Stocks at 52-Week Lows: CHL, CSCO, HPQ, AIG, TGT

    Last week’s top five stocks that reached their 52-week lows were CHL, CSCO, HPQ, AIG, and TGT. According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows.

    China Mobile Ltd. (NYSE:CHL) Reached the 52-Week Low of $45.17  


  • Weekly Top Insider Buys: PM, AIG, GM, DOW, MED

    Weekly highlight of top insider buys: Philip Morris International Inc. (NYSE:PM), American Int’l Group Inc. (NYSE:AIG), General Motors Company (NYSE:GM), Dow Chemical Company (NYSE:DOW), and Medtronic Inc. (NYSE:MED).

    Philip Morris International Inc. (NYSE:PM): Director Sergio Marchionne Bought 1,100 Shares  


  • Value Shop Brandes Investment Reports Q1 Portfolio

    Charles Brandes learned his investment strategy from Ben Graham. He is so old fashioned that he only cares about value, and does not pay much attention to growth. To him, there is such things as value trap. His firm Brandes Investment manages about $100 billion. As of 03/31/2011, Brandes Investment owns 181 stocks with a total value of $14.6 billion. These are the details of the buys and sells.

    To understand more about Charles Brandes, please read GuruFocus’ notes from Annaul Value Investors’ Conference in May.  


  • Weekly Top Insider Buys: PM, DOW, WLT, CINF, PBCT

    Weekly highlight of top insider buys: Philip Morris International Inc. (PM), Dow Chemical Company (DOW), Walter Energy Inc. (WLT), Cincinnati Financial Corp. (CINF), and People's United Financial Inc. (PBCT).

    Philip Morris International Inc. (PM): Director Sergio Marchionne Bought 2,200 Shares  


  • Value – The New Alternative by Charles Brandes (Notes from Thursday's 8th Value Investors' Conference in Omaha)

    Charles Brandes is the only person who met Ben Graham other than Warren Buffett on our List of Gurus. He gave a presentation at the 8th Value Investor’s Conference at Omaha before the Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) shareholder meeting. More than 172 investors from 20 countries come to Omaha, Neb., on April 28, 2011, for the annual Value Investors’ Conference. The conference was held in L.A. in the previous years, right before the Wesco shareholder meeting. This year it is moved to Omaha. After the conference attendees will be able to join tens of thousands of others at Berkshire’s annual meeting on Saturday.

    The conference is held at the new business school building of the University of Nebraska. The building was sponsored by one of Buffett’s earliest partners before he bought Berkshire. The total amount was $35.5 million.  


  • Mitsubishi UFJ Financial Group Inc. at 52-Week Low

    Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) is traded at close to a 52-week low of $4.4. Mitsubishi Tokyo provides a variety of financial and investment services such as commercial banking, asset management services and trust banking. It is Japan’s largest listed lender. Mitsubishi Ufj Financial Group Inc. has a market cap of $64.77 billion; its shares were traded at around $4.58 with a P/E ratio of 10.9 and P/S ratio of 1.19. The dividend yield of Mitsubishi Ufj Financial Group Inc. stocks is 1.42%.

    Over the last five years, Mitsubishi Mitsubishi UFJ Financial Group’s stock has slid down steadily from $15.66 in April 2006, to around $4.56 in April 2011. Year to date, it is down 16.6%. Mitsubishi UFJ has a brokerage joint venture with Morgan Stanley formed when Mitsubishi purchased a 21% stake in Morgan Stanley during the financial crisis in 2008 for $9 billion. The joint venture, Mitsubishi UFJ Financial Group, is 60% owned by MUFG and 40% by Morgan Stanley. Losses in the bond operations of the Mitsubishi UFJ Morgan Stanley brokerage unit have resulted in a $962 million loss for the year ended in March, according to the Nikkei’s website.  


  • Brandes Investment Partners Point of View

    Senior investment professionals at Brandes Investment Partners respond to current questions from clients and candidly discuss our process, holdings, and performance of Brandes portfolios. Below is a list of the topics discussed:


    · What are the portfolios’ greatest strengths and where are we finding value? (4:35)  


  • Brandes Institute On Value vs. Glamour Investing

    MBA programs around the world are still poisoning their students with Efficient Market Hypothesis (EMH) and Capital Asset Pricing Models (CAPM). Despite overwhelming evidence, the proponents of the elegant but wrong theory just would not give in. To them, market is efficient and one cannot have extra gain without assuming extra risk.

    Here is a recent example:  


  • Brandes Institute on Dividend Yield and the Implications of Cash Sitting on Balance Sheets; Top Dividend Yield Stocks: NZT, DTEGY, FTE, VZ, T

    Charles Brandes is Chairman of the Brandes Investment Management, a firm he founded in 1974. The research arm of the firm, the Brandes Institute investigates potential opportunities arising from the influence of behavioral and structural factors on global investing. The Institute’s publications can be found here.

    Recently, The Brandes Institute published a report entitled “Dividend Yield and the Implications of Cash Sitting on Balance Sheets”, writing by Bill Raver.  


  • Charles Brandes on Lessons Learned from Ben Graham; Top Holdings: TEL, PFE, EBR, TXN, MSFT, TMX

    Charles Brandes is Chairman of the Brandes Investment Management, a firm he founded in 1974. He was an acquaintance of Benjamin Graham, the Columbia University professor and widely considered the father of the value investing.

    Dan Richards of Adverisor Perspectives interviewed Charles Brandes on September 17, 2010. GuruFocus has permission to use a few Q&A’s:
    If someone were to ask you, having met with Ben Graham a few times, if there were two or three key things that you took away from those conversations, what would be first on the list?  


  • Charles Brandes on Investing Lessons from Ben Graham

    On September 17, 2010, Dan Richards of Advisor Perspectives interviewed Charles Brandes, of Brandes Investment Partners.

    Brandes met Ben Graham in San Diego where he was working as a stockbroker. Following this encounter, Brandes met with Ben Graham a few times. As a result, Brandes can claim to have learned directly from Ben Graham, making him a member of a very select group. The interview is embedded below:  


  • View on MFC

    S&P lowered their counterparty credit rating from A+ to A....financial strength rating from AA+ to AA...too much appetite for risk  


  • Charles Brandes Buys Archer Daniels Midland Company, Symantec Corp., Corning Inc., Sells Time Warner Cable Inc, Cisco Systems Inc., Harleydavidson Inc.

    Billionaire investor Charles Brandes just reported the portfolio holdings of his firm. These are the details of buys and sells.

    Charles Brandes is the chairman of Brandes Investment Partners. He started the firm in 1974. He manages multiple portfolios including US equity and Global Equity. As of 06/30/2010, Charles Brandes owns 207 stocks with a total value of $15.3 billion. These are the details of the buys and sells.  


  • Charles Brandes: Does Buy and Hold Still Work?

    Does Buy and Hold Still Work? This is the question Brandes Institute trying to answer in their recent research paper. Read the complete research paper by click on Focus-Does Buy and Hold Still Work?

    Also other papers from Brandes Institute:  


  • Value Investing During and After U.S. Recessions: A Historical Perspective

    Since 1926, there have been 15 recessions in the United States (including the Great Depression). These 15 recessions have lasted, on average, 13 months. During these recessions, value stocks tended to perform worse than glamour stocks, falling 5.5% per year on average vs. a 2.5% average decline for glamour stocks.

    Read the complete research by the Brandes Institute  


  • Brandes Institute: Inflation vs. the Value Investors

    The threat of inflation is making some investors cautious about equity markets. They wonder, ‘‘How will it affect my portfolio?’’ Benjamin Graham, widely regarded as the father of value investing, addressed this question in his book, The Intelligent Investor. He wrote, ‘‘There is no close time connection between inflationary (or deflationary) conditions and the movement of common-stock earnings and prices.’’

    Read the complete article Handout-Inflation vs. the Value Investor  


  • High Growth Charles Brandes Stocks: Valero Energy Corp., SK Telecom Co., Repsol YPF S.A., Barclays PLC, Health Management Associates

    Charles Brandes started the Brandes Investment Partners firm in 1974, and managed $121.7 billion as of September 2007. He manages multiple portfolios including US equity and Global Equity. Charles Brandes is listed as #488 in the Forbes List of World’s Richest People with a net worth of $2 billion. He is author of the book Value Investing Today. As a value investor, Brandes seeks to purchase out-of-favor securities that are trading at discounts to their intrinsic values, and then hold them until the market recognizes their true worth. Charles Brandes is a disciple of Benjamin Graham. His value equity fund has beaten the market in the past 15 years. His investing discipline has been summarized in his article 10 Core Beliefs: prices fluctuate, have an long term perspective, owning stock is owning the business, don’t let emotions misguide you, focus on the company not on the market, sell when better opportunities come along, “under-performance is inevitable”, and patience is golden.

    His buy & hold brochure shows earnings comparison between short-term “opportunistic” investor with a 1.9% rate of return and the S&P500 with an 8% rate of return for 22 years (page 2). His point is that “the wildness tends to fade overtime”. The market in 2008 & 2009 has been quite volatile. “Stock price fluctuations have been more severe than historical averages…daily price moves of 1%-3%...climbing or falling sharply on a regular basis, investors might be tempted to alter their investment plans. But that can be dangerous. Long-term investors might want to ask themselves if they believe recent levels of volatility will continue or revert toward longer-term averages.” Page 3 & 4 are histogram comparisons of Actual versus Expected rate of returns in the months from year 1926 to 2008 (Exhibit 2 & 3). Clearly, months with 2-5% rate of return were the most frequent; less than 1% of the time did we see 10% or higher returns/losses. Bottom-line, “Market fluctuations certainly can test investors’ long-term conviction,” and the buy-and-hold strategy wins.  


  • View on Charles Brandes

    He is no good.  


  • Brandes Institute: Does “Buy and Hold” Still Work?

    Research article from Brandes Institute: In the wake of market turmoil over the last two years, many investors may feel the need to change their approach and be more “nimble” or “opportunistic” in their pursuit of investment goals. For some investors, being nimble means abandoning fundamental tenets of traditional investment practices such as asset allocation, periodic rebalancing, and buying and holding individual securities. Some pundits claim that today’s “dynamic” market demands a dynamic approach. They advocate individuals adopt alternative methods that include market timing, short-term trading, absolute return strategies, and expanded use of derivatives.

    Read the complete article  


  • View on Charles Brandes

    not a good investor, he is no good. Even my grandmother is a better stock picker than he is. (She made 29% per annum over the past 87 years. No joke. She is skilled. Unfortunately she did only paper trading.)  


  • Good Companies Versus Good Investments

    One concept that value investors keep in mind is that a good company is not necessarily the same as a good investment.An established firm with high revenue levels and a stable, strong earnings record, for instance, certainly sounds like a good company. But like any company, that firm only represents a good investment if it can be purchased at a favorable price.

    Take Cisco Systems as an example. In April 2000, Cisco qualified as a good company by many popular standards. As a supplier of data networking products for the Internet, the firm was logging strong sales and demonstrating real earnings power, as well. In 1999, Cisco posted $15 billion in revenue and $2.5 billion in net income. Even as many technology companies were fading fast, Cisco’s dominant market share in an important industry meant the firm’s future prospects were bright.  


  • Gross Domestic Product: A Poor Predictor of Stock Markets Returns

    With the economic adversity of the last two years, many market participants and the financial media seem to increasingly focus on economic measures such as gross domestic product (“GDP”) in weighing investment timing decisions. Implicit in this interest is an assumption that an increase in GDP might signal when economic conditions are more favorable and more conducive to higher stock market returns.

    Investors should be aware that research indicates GDP has historically been a poor predictor of stock market returns, both in the United States and in international markets. Market participants who wait for GDP levels to improve before investing may find themselves on the sidelines, missing out on remarkable opportunities in the stock market.  


  • Charles Brandes's Ten Core Beliefs of Value Investing

    From time to time, it can be very rewarding and reasuring to revisit some of our core principles and beliefs, those key values, insights and methods that are the basis for successful investment decision-making:

    Investment Principles:  


  • Charles Brandes Buys XL Capital Ltd, Nokia Corp., Texas Instruments Inc., Sells Adaptec Inc., First BanCorp., H&R Block Inc.

    Charles Brandes' buys and sells during the third quarter. Value investing seems dead. Charles Brandes owns 206 stocks with a total value of $27.6 billion.

    Charles Brandes buys XL Capital Ltd, Flextronics International Ltd., Texas Instruments Inc., Nokia Corp., Canon Inc., Eli Lilly and Company, Office Depot Inc., Syneron Medical Ltd., The First American Corp., Huntsman Corp., Zions Ban Corp., Washington Mutual Inc., J.C. Penney Company Inc., LouisianaPacific Corp., Lennar Corp., Pacific Sunwear of California Inc., Sierra Pacific Resources, Sierra Wireless Inc., NOVA Chemicals Corp., United Microelectronics Corp., Royal Caribbean Cruises Ltd., sells Adaptec Inc., Vivo Participacoes S.A., Telecom Italia S.p.A. ADSs, Tele Norte Celular Participaes S.A., Partner Communications Company Ltd., PolyOne Corp., PMA Capital Corp., LSI Corp., H&R Block Inc., Federal Signal Corp., Freddie Mac, Fannie Mae, First BanCorp., Downey Financial Corp., W Holding Company Inc. during the 3-months ended 09/30/2008, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 206 stocks with a total value of $27.6 billion. These are the details of the buys and sells.  


  • Current market strategies

    “I went to Win investing seminar thinking that they would help me, I spent over 3000 pounds, what a joke, all they concentrate on is sales sales sales. The strategies they teach are mediocre at best that can be obtained from websites. It was a complete waste of time. I emailed Darren Winter for a refund last week but he has not got back to me, what a loser. Ladies and Gentlemen Darren Winter is more a sales man than a trader. Is there any companies that could help me in my trading?”  


  • Value vs. Glamour: A Global Phenomenon

    In 1934’s Security Analysis, Benjamin Graham and David Dodd argued that out-of-favor stocks are sometimes underpriced in the marketplace, and that investors cognizant of this phenomenon could capture strong returns. Conversely, the duo theorized, prices for widely popular stocks often are buttressed by high expectations and could be vulnerable if these expectations prove too enthusiastic.1

    The philosophy espoused by Graham and Dodd is now widely known as value investing, and the unpopular “value” stocks they advocated often are associated with companies experiencing hard times, operating in mature industries, or facing similarly adverse circumstances. Alternatively, typically fast-growing “glamour” companies frequently function in dynamic industries with a relatively high profile. This stark contrast in attributes leads to a natural question: which stocks have performed better, value or glamour?  


  • Morgan Stanley Capital Markets Perspective International

    Does anyone know if this publication is still available? It was was listed as a good fundamental source of data by Mr. Brandes in his book entitled "Value Investing Today".  


  • Value Investing: Has It Worked In Emerging Markets

    In this article, we investigate whether “glamorous” companies in developing countries have outperformed their “value” counterparts over the last few years. We also reveal whether value investing has worked in emerging markets over the long term.

    "The result clearly point to existence of a value premium in emerging markets during the study period. The distinct upward sloping line indicates that the average returns of emerging market value stocks outperformed emerging market glamour stocks by wide margins."  


  • Charles Brandes Buys Wachovia Corp., Bank of America Corp., Fidelity National Financial Inc., Sells BankUnited Financial Corp., Toll Brothers Inc., Flextronics International Ltd.

    Billionaire investor Charles Brandes has added significantly to his positions in financials. Is he seeing that things are tuning around? These are his buys and sells during the second quarter. Charles Brandes owns 201 stocks with a total value of $34.8 billion.

    Charles Brandes buys TELMEX INTERNACIONAL SAB DE CV, Wachovia Corp., Nissan Motor Co. Ltd., KeyCorp, ScheringPlough Corp., Bank of America Corp., Regions Financial Corp., Pilgrim's Pride Corp., Fidelity National Financial Inc., FairPoint Communications Inc., SunTrust Banks Inc., King Pharmaceuticals Inc., Huntington Bancshares Inc., Honda Motor Co. Ltd., Stewart Information Services Corp., The Colonial BancGroup Inc., Bank of Montreal, Palomar Medical Technologies Inc., OfficeMax Inc., MI Developments Inc. Surbordinate, Sun Microsystems Inc., Mylan Laboratories Inc., sells BankUnited Financial Corp., Toll Brothers Inc., Scottish RE Group Ltd., The Ryland Group Inc., RentACenter Inc., Qimonda AG, Pier 1 Imports Inc., MGIC Investment Corp., Lowe's Companies Inc., Johnson & Johnson, JDS Uniphase Corp., Huntsman Corp., Flextronics International Ltd., Furniture Brands International Inc., Electronic Data Systems Corp., United Microelectronics Corp. during the 3-months ended 06/30/2008, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 201 stocks with a total value of $34.8 billion. These are the details of the buys and sells.  


  • Value vs. Glamour: Bond Performance

    The Brandes Institute has published a number of pieces illustrating the historical long-term performance advantage that value stocks have shown over glamour stocks. What about corporate bonds? In the attached article, “Value vs. Glamour: Bond Performance,” we show that bonds issued by value companies historically have provided greater appreciation than those issued by glamour companies.

    Read the complete article  


  • Charles Brandes Buys Wyeth, National City Corp., Fannie Mae, Sells Altria Group Inc., Merck & Co. Inc., Montpelier Re Holdings Ltd.

    Billionaire investor Charles Brandes seeks to purchase out-of-favor securities that are trading at discounts to their intrinsic values. When he buys, he does not concentrate to certain ideas, he buys a basket of those ideas. He likes homebuilders and financials now. These are the details of the buys and sells during the 4th quarter.

    Charles Brandes buys Wyeth, National City Corp., Fannie Mae, Tenet Healthcare Corp., ROYAL BANK ADS, Barclays PLC, Flextronics International Ltd., Idearc Inc., United Microelectronics Corp., Dillard's Inc., RentACenter Inc., LandAmerica Financial Group Inc., Downey Financial Corp., Tuesday Morning Corp., Telus Corp., Stein Mart Inc., SLM Corp., Spartech Corp., REXAM PLC ADR, Fidelity National Financial Inc., MGIC Investment Corp., Legacy Bancorp Inc., The First American Corp., BankUnited Financial Corp., BankAtlantic Bancorp Inc., United Financial Bancorp Inc., Wolseley plc, Finisar Corp., sells Akzo Nobel N.V., Merck & Co. Inc., Montpelier Re Holdings Ltd., Altria Group Inc., Millea Holdings Inc., LouisianaPacific Corp., KMG America Corp., Kansas City Life Insurance Company, Gateway Inc., ESS Technology Inc, CIBA Specialty Chemicals Holdi, Chiquita Brands International Inc., Cost Plus Inc., Chunghwa Telecom Co. Ltd. ADS's, Aspreva Pharmaceuticals Corp., National R.V. Holdings Inc., Molson Coors Brewing Company, The L.S. Starrett Company, Sharper Image Corp., Wellman Inc., Swisscom AG, Tribune Company during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 202 stocks with a total value of $47.8 billion. These are the details of the buys and sells.  


  • Liability-Driven Investing and Equity Duration

    This is the most recent research paper written by Brandes Institute, the research arm of billionaire investor Charles Brandes' firm, Brandes Investments. The article reexamines assumptions used to calculate equity duration and poses key questions for investors to consider when pursuing LDI.

    "Increasing interest in liability-driven investing (LDI) in the pension community has prompted many plan sponsors to seek longer-duration investments. Historically, empirical evidence has guided plan structures toward long-duration bonds as an appropriate liability-matching instrument, citing relatively short durations for U.S. equities. However, LDI depends upon accurately measuring duration for assets – including equities. "  


  • Charles Brandes Buys Countrywide Financial Corp., Washington Mutual Inc., CIT Group Inc., Sells Fleetwood Enterprises Inc., IBM, Stoneridge Inc.

    How did Charles Brandes become billionaire? By buying undervalued stocks in out of favor industries. As homebuilders and financials are trashed on Wall Street, Charles Brandes seems to love all of them, including Washington Mutual, Countrywide. These are the details.

    Charles Brandes buys Countrywide Financial Corp., Washington Mutual Inc., CIT Group Inc., Argonaut Group Inc., Braskem S.A., Pulte Homes Inc., CIBA Specialty Chemicals Holdi, Centex Corp., Lennar Corp., Brunswick Corp., The Timberland Company, D.R. Horton Inc., Toll Brothers Inc., SAIA, INC., Valassis Communications Inc., Cott Corp., Circuit City Stores Inc., KB Home, Meritage Homes Corp., Standard Pacific Corp., Molson Coors Brewing Company, Hovnanian Enterprises Inc., Beazer Homes USA Inc., Chesapeake Corp., The Ryland Group Inc., Tele Norte Celular Participaes S.A., Biovail Corp., sells Fleetwood Enterprises Inc., International Business Machines Corp, Stoneridge Inc., Telus Corp., Triad Hospitals Inc., El Paso Corp., Idearc Inc., Philippine Long Distance Telephone Compa, Tyco International Ltd., InterVoice Inc., Tenet Healthcare Corp., Fairfax Financial Holdings Ltd., Dorel Industries, Inc. - Class B Subordinate Votin, NetBank Inc., PXRE Group Ltd., United Microelectronics Corp., Fresh Del Monte Produce Inc., BT Group plc during the 3-months ended 09/30/2007, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 196 stocks with a total value of $54.8 billion. These are the details of the buys and sells.  


  • Value vs. Glamour: A Study of the Indices

    As described in our "Value vs. Glamour" studies, value stocks have outperformed growth stocks over the long term. But what about commonly used benchmarks? Over the long term, aren't returns for growth and value indices about the same?

    This is a research report by the Brandes Institute.  


  • Sept/Oct purchase

    Interesting to note that he repurchased Wyeth in Sept and Oct at $46.85 and $44  


  • Stumbling on Value Investing

    One of the Brandes Institute’s goals is to expand the investment community’s understanding of market behavior. As such, we are interested in aspects of behavioral finance.

    Using excerpts and examples from Daniel Gilbert’s book, Stumbling on Happiness (New York: Knopf, 2006), this article seeks to illustrate psychological pitfalls that may prevent long-term success for investors. It also includes seven tips designed to limit the influence of potential behavioral shortcomings and help investors make more informed decisions.  


  • Charles Brandes Buys Intel Corp., Amgen Inc., Freddie Mac, Sells BCE Inc., Pilgrim's Pride Corp., Wyeth

    Charles Brandes is another great value investor who made billions for shareholders and himself. His firm Brandes Investment is a clasic value investment firm. Charles Brandes owns 188 stocks with a total value of $58.3 billion. These are the details of the buys and sells.

    Charles Brandes buys Intel Corp., Amgen Inc., Astrazeneca Plc, Mizuho Financial Gro, Motorola Inc., Lsi Logic Corp., Old Republic International Cor, Talbots Inc., Louisiana-pacific Corp., Freddie Mac, Qlt Inc., Novartis Ag, Aspreva Pharmaceuticals Corpor, Masco Corp., Quiksilver Inc., Qimonda Ag Ads, Kenneth Cole Productions Inc., Bearingpoint Inc., Telus Corp., Vitran Corp Inc., sells Bce Inc., Pilgrim's Pride Corp., Reuters Group Plc, Smithfield Foods Inc., Schering-plough Corp., Slm Corp., Sierra Wireless Inc., Schweitzer-mauduit Internation, Tyson Foods Inc., Plantronics Inc., Nationwide Financial Services, Career Education Corp., Ciba Specialty Chemicals Holdi, Cooper Tire & Rubber Co., Daimlerchrysler Ag, Grupo Financiero Galicia S.a. - American Depositar, Goodyear Tire & Rubber Co., Kroger Co., K2 Inc., Wyeth during the 3-months ended 06/30/2007, according to the most recent filings of his investment company, Brandes Investment. Charles Brandes owns 188 stocks with a total value of $58.3 billion. These are the details of the buys and sells.  


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