Diamond Hill Capital

Diamond Hill Capital

Last Update: 08-13-2015

Number of Stocks: 152
Number of New Stocks: 11

Total Value: $15,053 Mil
Q/Q Turnover: 7%

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

Diamond Hill Capital Watch

  • Top Insider Buys of the Week

    The All-In-One Guru Screener can be used to find insider buys over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$1,000,000+” and duration to "August 2015."


    According to the above filters, the following are the recent buys from company insiders over the past week.

      


  • Altria’s Impressive Dividend Growth Pays High, Consistent Dividends

    Altria Group Inc. (NYSE:MO) recently raised its quarterly dividend to $0.565 from $0.52 a share. The stock now yields 4.2% if the share price stays at current levels. The hike reflects Altria´s policy of returning value to shareholders and helps to continue with a good dividend growth, now at 46 consecutive years.


    Behind the Growth

      


  • Global Energy: Adapting to New Realities – Diamond Hill Capital

    The recent slide in oil prices is symptomatic of large fundamental shifts taking place across the energy sector. The current volatility is nothing new to oil markets as their self-correcting nature has frequently resulted in a sequence of deep boom and bust cycles. While we can anticipate and prepare for these cycles, much like with earthquakes, the timing and consequences can still be surprising. In times like these, maintaining a long-term perspective is essential to place current events in the proper context. Occasionally, by making rough sense of the past we can gain credible clues on the path forward. However, most of the time, we simply cannot forecast with any reliable degree of accuracy the price of oil. To compensate for these uncertainties, we rely heavily on the concept of margin of safety. We can apply a margin of safety not only in the price we pay, but also in the strategic positioning of the businesses we own. In this piece, we examine the fundamental shifts taking place in the energy sector and the companies we believe are best positioned to adapt to these new realities.


    Structural change

      


  • Scepter Holdings Buys Big Stake in VeriSign

    At the end of the second quarter of 2015, the hedge fund Scepter Holdings Inc. reported a total value of its portfolio of $474 million, which decreased by 13.41% over the previous quarter.


    During Q2 2015, the hedge fund bought 23 new stocks and increased four of its stakes. The following are the most heavily weighted buys during the quarter.

      


  • Zweig Advisers' Top Buys in the Second Quarter

    At the end of the second quarter of 2015, the hedge fund Zweig Advisers reported a total value of its portfolio of $696.8 million, which declined 5.43% over the previous quarter.


    During Q2 2015, the hedge fund bought eight new stocks and increased seven of its stakes. The following are the most heavily weighted buys during the quarter.

      


  • Aerospace And Defense's Stocks With Lowest P/E

    Recently, GuruFocus introduced a new page that summarizes each industry’s ratios. According to that page, the Aerospace and Defense industry has a median P/E of 20.90 and the following are the biggest companies (based on market cap) that are trading with the lowest P/E ratio.


    United Technologies Corp (UTX)

      


  • A Gas Company Expanding its Portfolio

    In a previous article, we determined that Praxair Inc. (NYSE:PX)´s intrinsic value was above the trading price by 11%, so according to our model and assumptions, the stock seems to be undervalued and subject to a potential “buy” recommendation.


    Manning & Napier Advisors, Inc has recently initiated a new position on Praxair with 30,886 shares, so in this article, let´s take a look at the company´s fundamentals.

      


  • Dover's Current Stock Price Represents Good Entry Point

    In this article, let's take a look at Dover Corp (NYSE:DOV), a $10.92 billion market cap company, which is a company which manufactures a broad range of specialized industrial products and sophisticated manufacturing equipment.


    Business Model

      


  • Diamond Hill Capital Keeps Buying Whirlpool

    Established in 2000, Diamond Hill Capital (Trades, Portfolio) is a registered investment adviser based in Columbus, Ohio. It is independent and publicly owned, listed on NASDAQ (ticker symbol: DHIL) and included in the Russell 2000 Index. Diamond Hill manages seven traditional and alternative equity strategies, available in separately managed accounts, mutual funds and private investment funds.


    The company’s investment process is predominantly bottom up, beginning with fundamental analysis of a company's profitability and market position, financial and competitive position, management quality, valuation, and growth components of valuation. Then a top-down analysis is also conducted, and investment team insight and experience is then applied to further narrow the universe of investable ideas for deeper analysis including the creation of a financial model.

      


  • Diamond Hill Capital Adds Stake in Google to Portfolio

    Diamond Hill Capital (Trades, Portfolio) has been quite successful serving its client base, which includes both businesses and individuals. Its return of 4.6% last year was below average for Diamond Hill; double-digit returns are more common in its asset management for others.

    In its own portfolio, Diamond Hill bought and sold stock in dozens of companies in the first quarter.  


  • Cimarex Energy Had One of the Highest Growth Rates Among Petroleum Companies

    In this article, let's take a look at Cimarex Energy Co. (NYSE:XEC), a $12.32 billion market cap company, which is an independent oil and gas exploration and production company which has operations in the Mid-Continent, the Permian Basin and the Gulf of Mexico.


    Return & Hedge Funds Positions

      


  • Want to Go in Kimberly-Clark Corporation?

    In this article, let's take a look at Kimberly-Clark Corporation (NYSE:KMB), a $39.44 billion market cap company, which is best known for brands such as Kleenex, Scott, Huggies and Kotex.


    Extensive Reach

      


  • Mattel Is losing Ground Due to New Trends and Higher Competition

    In this article, let's take a look at Mattel Inc.(NASDAQ:MAT), a $7.65 billion market cap toy company whose successful brands and products include Barbie dolls, Fisher-Price toys, American Girl dolls and books and Hot Wheels.


    Current patterns

      


  • A Look at McDonald´s Performance

    In this article, let's take a look at McDonald's Corp. (NYSE:MCD), a $93.19 billion market cap company, which ist he largest fast-food restaurant company in the world, with about 35,000 restaurants in 119 countries.


    Revenues, Earnings, Margins and Profitability

      


  • Diamond Hill Select Fund Commentary: Post Holdings, Vantiv, EOG Resources

    We took advantage of the stock market’s over-reaction to food products company Post Holdings, Inc.’s (POST) weak quarterly results to initiate a position in the Fund. We also initiated a position in Vantiv, Inc. (VNTV) as the company’s shares traded lower after a mild third quarter disappointment in the financial institution segment of its business. The shares then rebounded during the fourth quarter as investors focused on the long-term growth story and attractive valuation. We believe Vantiv has an attractive growth profile and should continue to generate high single-digit organic revenue growth and mid-teens earnings per share growth.


    We eliminated our position in oil and gas exploration and production company EOG Resources, Inc. (EOG) as a result of what we believe to be structural changes in the competitive dynamics of the global oil industry and subsequent change to our estimate of intrinsic value. A combination of domestic oil production growth, an increase in the supply of oil from Libya, weakening demand trends in Europe and Asia, and OPEC’s unwillingness to reduce output to mitigate anticipated over-supply led to a significant decline in oil prices as well as a decline in the oil price outlook over the next few years.

      


  • Diamond Hill Capital Large Cap Commentary: Capital One, Eastman Chemical

    We initiated new positions in two companies. Credit services company Capital One Financial Corp. (NYSE:COF) is one of the most recognized brands in financial services and the 8th largest bank in the U.S. The firm has national scale as a top five credit card and auto lender and a significant traditional branch banking presence with commercial lending capabilities in a number of large U.S. markets. We expect Capital One’s core credit card and auto loan segment to experience continued loan growth as a function of an improving economy, an improving job market and increasing confidence in consumer spending decisions. Capital One also benefits from the continuing shift in favor of electronic payments (i.e., ApplePay) versus cash and check. We believe Capital One will continue to generate healthy returns in a business model that is capital generative and the market will reward Capital One for its earnings power and its management’s new focus on returning capital to shareholders versus acquisitions.


    We also initiated a position in specialty chemical company Eastman Chemical Co. (NYSE:EMN) when concerns about the company’s Fibers business led to a decline in the shares which we believe provided an attractive entry point. The company continues to add higher-margin, strong cash flow-generating businesses to its portfolio while the company is much less exposed to petrochemical earnings than its peers Dow Chemical Co. (NYSE:DOW) and LyondellBasell Industries N.V. (NYSE:LYB).

      


  • Diamond Hill Capital Comments On New Positions

    We initiated a position in financial holding company BOK Financial Corp. (NASDAQ:BOKF), a high-quality, Oklahoma-based bank that we have followed for years. BOK Financial has a great franchise, and due to large insider ownership, its shares are infrequently available at an attractive discount to intrinsic value. The shares sold off after oil prices declined reflecting BOK’s larger-than-peer exposure to the energy sector. We believe the market was penalizing the shares more than justified and not respecting the company’s multi-decade track record of sound underwriting in the energy sector.


    We initiated a position in pest control services company Rollins, Inc. (NYSE:ROL), one of the largest residential and commercial pest extermination businesses in the country. We view Rollins as a very high quality business run by a strong management team. During the broader market selloff in October, the stock declined to a discount to our estimate of intrinsic value. The stock appreciated and quickly reached our estimate of intrinsic value in a short period of time, so we exited our position.

      


  • Diamond Hill Capital Comments on Nationstar Mortgage Holdings Inc

    The largest detractors within financials were First Niagara Financial Group, Inc. and Nationstar Mortgage Holdings, Inc (NSM). Nationstar is a non-bank mortgage servicer whose primary competitor, Ocwen Financial Corp., has encountered great regulatory scrutiny. We believe Nationstar may ultimately benefit from Ocwen’s problems, while thus far the market is skeptical.

    From Diamond Hill Capital (Trades, Portfolio)’s Small Cap Fund 2014 Portfolio Commentary.  


  • Diamond Hill Small Cap Fund 2014 Portfolio Commentary

    The Diamond Hill Small Cap Fund returned 4.86% (Class I) in 2014 compared to a 4.89% return for the Russell 2000 Index. In 2014, the small cap market’s best performing sectors were healthcare, utilities, and consumer staples. These sectors tend to be seen as relatively defensive and associated with “safe havens.” Utilities, in particular, also tend to do well when interest rates fall as many view regulated utilities as the most bond-like of equity investments. Government interest rates declined during the year, with the 10-year Treasury finishing below 2.2%, down from levels around 3% at the beginning of the year. Energy was by far the worst performing sector in 2014, as crude oil prices declined nearly 50%. The Fund’s underperformance can largely be attributed to having a larger allocation to energy stocks and a smaller allocation to healthcare stocks than the Index. In addition, while stock selection was generally good, the consumer staples sector was an exception.


    The Fund’s financial holdings were the largest contributors in 2014. The Fund averaged roughly 27% of net assets invested in this sector, with nearly half of that amount in insurance companies. Banks and real estate investment trusts (REITs) each comprised about a fifth of the financial sector holdings. Winthrop Realty Trust, Inc. (FUR) announced a liquidation plan to sell all its assets and distribute the proceeds to shareholders within a two-year period. Thus far, asset sales have come in a bit above the mid-point of ranges that the company has used in its internal estimate of net asset value. In total, these developments led to a 65% total return for the stock in the year. Insurance or reinsurance companies including HCC Insurance Holdings, Inc. (HCC), Navigators Group, Inc. (NAVG), Alleghany Corp. (Y), Enstar Group Ltd. (ESGR), American Equity Investment Life Holding Co. (AEL), and Reinsurance Group of America (RGA) all experienced total returns between 10% and 18.5%. The largest detractors within financials were First Niagara Financial Group, Inc. (FNFG) and Nationstar Mortgage Holdings, Inc (NSM). Nationstar is a non-bank mortgage servicer whose primary competitor, Ocwen Financial Corp., has encountered great regulatory scrutiny. We believe Nationstar may ultimately benefit from Ocwen’s problems, while thus far the market is skeptical.

      


  • Diamond Hill Capital Q4 2014 Market Review

    Driven by an expanding economy, growing corporate profits, and persistently low interest rates, the broad U.S. equity market posted its sixth consecutive annual gain in 2014. The S&P 500 Index finished the year with a 13.7% total return (including dividends), and the Federal Reserve signaled its belief in the economy’s ability to grow without assistance by concluding its bond purchasing program known as Quantitative Easing, or QE, in October 2014. Although investors expect the Fed to raise interest rates sometime in 2015, its overall monetary policy remains accommodative, encouraging equity investors.


    In the U.S., unemployment fell as a result of the best hiring stretch since the late 1990s. The U.S. consumer benefitted from a steep decline in gasoline prices to the lowest levels in five years, adding more buying power beyond modest wage gains. The sharp decline in the price of oil over the past few months is likely to improve household budgets. Globally, central banks remained extraordinarily accommodative in an attempt to provide a backdrop for increased economic growth. Europe, which has been a clear economic laggard over the past few years, was still only showing modest signs of improvement. Meanwhile, China and India continued to grow at healthy mid-single digit rates, but many other emerging economies around the world are seeing decelerating growth rates. The U.S. dollar ended the year strong relative to other currencies as investors were confident that stronger economic growth in the U.S. will lead the Fed to raise rates in 2015 for the first time since before the financial crisis.

      


  • Diamond Hill Capital Comments on EOG Resources Inc

    We eliminated our position in oil and gas exploration and production company EOG Resources, Inc. (EOG) as a result of what we believe to be structural changes in the competitive dynamics of the global oil industry and subsequent change to our estimate of intrinsic value. A combination of domestic oil production growth, an increase in the supply of oil from Libya, weakening demand trends in Europe and Asia, and OPEC’s unwillingness to reduce output to mitigate anticipated over-supply led to a significant decline in oil prices as well as a decline in the oil price outlook over the next few years.

    From Diamond Hill Capital (Trades, Portfolio)’s Select Fund Q4 2014 Commentary.  


  • Diamond Hill Capital Comments on Vantiv Inc

    We also initiated a position in Vantiv, Inc. (VNTV) as the company’s shares traded lower after a mild third quarter disappointment in the financial institution segment of its business. The shares then rebounded during the fourth quarter as investors focused on the long-term growth story and attractive valuation. We believe Vantiv has an attractive growth profile and should continue to generate high single digit organic revenue growth and mid-teens earnings per share growth.

    From Diamond Hill Capital (Trades, Portfolio)’s Select Fund Q4 2014 Commentary.  


  • Diamond Hill Capital Comments on Alere Inc

    Diagnostic systems provider Alere, Inc. (ALR) declined after installing a new CEO during the quarter, while weathering an unsolicited attempt by the previous CEO to take the company private. Subsequently, the company announced that it would sell its Health Management business in a first sign of the implementation of a new agenda focused on asset sales and debt paydown.

    From Diamond Hill Capital (Trades, Portfolio)’s Select Fund Q4 2014 Commentary.  


  • Diamond Hill Capital Comments on Hub Group Inc

    Freight transportation management company Hub Group, Inc. (HUBG) declined after it reported weak third quarter earnings. The company also lowered guidance for the remainder of the year due to poor service levels from its rail partners, as well as a legal settlement with drayage drivers in California. We believe rail service levels should begin to improve in 2015 as railroads are currently making investments to add additional capacity.

    From Diamond Hill Capital (Trades, Portfolio)’s Select Fund Q4 2014 Commentary.  


  • Diamond Hill Capital Comments on International Business Machines Corp

    Diversified information technology company International Business Machines Corp. (IBM) declined after the company reported disappointing third quarter earnings and management indicated that it would fail to meet the 2015 earnings guidance detailed in the company’s much-publicized 2015 Roadmap.

    From Diamond Hill Capital (Trades, Portfolio)’s Select Fund Q4 2014 Commentary.  


  • Diamond Hill Capital Comments on Willis Group Holdings PLC

    Insurance brokerage firm Willis Group Holdings PLC (WSH) reported worse than anticipated third quarter earnings with organic revenue growth in the company’s Global segment hurt by a soft reinsurance market and tough comparisons in the prior year period. However, expenses stabilized and the company appears poised to show meaningful margin improvement over the next several quarters.

    From Diamond Hill Capital (Trades, Portfolio)’s Select Fund Q4 2014 Commentary.  


  • Diamond Hill Select Fund Q4 2014 Commentary

    The Fund increased 6.17% (Class I) during the quarter, compared to a 5.24% increase in the Russell 3000 Index.


    The Fund’s holdings in the consumer discretionary, financials, and health care sectors provided the largest contributions to absolute return, while holdings in the energy sector detracted from return.

      


  • Diamond Hill Capital Comments on Trinity Industries Inc

    Railroad service company Trinity Industries, Inc. (TRN) declined, as the railcar segment is heavily influenced by demand for tank cars to transport oil. Weaker oil pricing puts this demand at risk. The company also suffered a setback in a large lawsuit.

    From Diamond Hill Capital (Trades, Portfolio)’s Small Cap Fund Q4 2014 Commentary.  


  • Diamond Hill Capital Comments on Aircastle Ltd

    Aircraft rental and leasing company Aircastle Ltd. (AYR) rose after reporting strong third quarter earnings, as core leasing revenue increased and cash interest margins improved due to lower financing costs. The company also increased its quarterly dividend and announced a share repurchase authorization.

    From Diamond Hill Capital (Trades, Portfolio)’s Small Cap Fund Q4 2014 Commentary.  


  • Diamond Hill Small Cap Fund Q4 2014 Commentary

    The Fund increased 2.84% (Class I) during the quarter, compared to a 9.73% increase in the Russell 2000 Index.


    The Fund’s holdings in the financials and consumer discretionary sectors provided the largest contributions to absolute return, while holdings in the energy sector detracted from return.

      


  • Diamond Hill Adds Two Companies to Portfolio in Third Quarter

    At its web site, Diamond Hill Capital (Trades, Portfolio) Management calls itself “an independent investment management firm headquartered in Columbus, Ohio.”


    In its summary of its investment philosophy, Diamond Hill writes, “We focus on the fundamentals of intrinsic value, which are far less volatile than market price, and our actions are ultimately dictated by the price to intrinsic value relationship.”

      


  • Boston Scientific Lost the First Place in Innovation

    In this article, let's take a look at Boston Scientific Corporation (NYSE:BSX), a $16.78 billion market cap company, which develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.


    Segments

      


  • Growth Will Come From Emerging Markets

    In this article, let's take a look at Praxair Inc. (NYSE:PX), a $37.84 billion market cap company, which is the largest producer of industrial gases in North and South America. It also provides ceramic and metallic coatings.


    Diversification

      


  • I Believe AUM Will Continue the Uptrend

    In this article, let's take a look at Franklin Resources Inc. (NYSE:BEN), a $33.07 billion market cap company, which is one of the world's largest asset managers, serving retail, institutional and high-net-worth clients. Let's explore some reasons more closely to see if they are valid enough to invest in this stock.


    A giant

      


  • Diamond Hill Capital Comments on GlaxoSmithKline PLC

    We eliminated our position in GlaxoSmithKline PLC (GSK) due to concerns that the company will not be able to preserve the recent level of revenue or profitability generated by its respiratory franchise. Despite its development of high efficacy next generation respiratory drugs that have come to market in advance of Advair losing patent protection, the company is facing extreme pricing pressure from health care payors. Diversified machinery manufacturer Dover Corp. was eliminated as the stock price approached our estimate of intrinsic value.

    From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on Alere Inc

    We initiated a new position in diagnostic systems provider Alere, Inc (ALR). We believe the company has the potential to grow intrinsic value by focusing on cost savings, asset disposals, and debt pay-down. All three of these initiatives would represent avenues to unmask the true long-term earnings power of the company and its core point-of-care diagnostics business. We forecast earnings well above the current consensus estimates.

    From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on Boston Scientific Corp

    Shares of Boston Scientific Corp. (BSX) declined as investors focused on potential liabilities stemming from legal disputes. We continue to see improvement in revenue trends and believe they will be key factors in closing the discount to our estimate of intrinsic value over time.

    From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on International Business Machines Corp

    Diversified information technology company International Business Machines Corp. (IBM) reported second quarter earnings that demonstrated continued execution of the company’s long-term plans. Revenue in the Systems & Technology (hardware) segment as well as revenue in China, two areas of recent concern, improved during the quarter leading to less investor pessimism about the future.

    From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on Apple Inc

    Mobile communication and media device company Apple, Inc. (AAPL) reported strong earnings for the quarter primarily due to the strength in its iPhone segment, which was driven by high growth in China and other emerging market countries. The stock price also appreciated in anticipation of the new products and product categories that were announced late in the quarter.

    From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on TJX Companies

    Discount apparel retailer TJX Cos., Inc. (TJX) reported solid second quarter results. Inventory remained well controlled, which should benefit future merchandise margins. Europe (UK, Western Europe) continued to post impressive results from both a sales and profitability standpoint, which is important as a good portion of future growth rests on this segment. We believe the company continues to be uniquely positioned to capture market share in an environment dominated by value.

    From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on Microsoft Corp

    Shares of software provider Microsoft Corp. (MSFT) advanced following strong quarterly earnings driven by growth in the cloud computing business. Investors also responded favorably to the announcement of a significant cost-cutting program focused on the newly-acquired Nokia division.

    From Diamond Hill Capital (Trades, Portfolio)'s Select Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Select Fund Third Quarter 2014 Commentary

    The Fund decreased 1.73% (Class I) during the quarter, compared to a 0.01% increase in the Russell 3000 Index.


    During the quarter, the Fund’s holdings in the industrials, energy, and financials sectors were the largest detractors from absolute return. Holdings in the information technology and consumer discretionary sectors contributed to return.

      


  • Diamond Hill Capital Comments on Liquidity Services Inc

    We eliminated our position in internet software and services company Liquidity Services, Inc. (LQDT) when company fundamentals deteriorated below our initial expectations. The company lost half of a two-part contract with the Department of Defense to a competitor at renewal. The second part of the contract was renewed, but at terms we believe will be significantly less profitable.

    From Diamond Hill Capital (Trades, Portfolio)'s Small Cap Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on Post Holdings Inc

    We took advantage of an opportunity to purchase shares in food products company Post Holdings, Inc. (POST) when its stock fell sharply after the company’s quarterly earnings came in below Wall Street analysts’ estimates, and company management lowered its full-year earnings guidance. We believe the stock is attractive at current valuations and view favorably the company’s diversification away from the slow growing cereal category through acquisitions.

    From Diamond Hill Capital (Trades, Portfolio)'s Small Cap Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on Hub Group Inc

    Shares of freight transportation management company Hub Group, Inc. (HUBG) fell as slower train speeds and longer dwell times by the rails are increasing costs and impacting volumes for Hub Group. These issues are likely to persist into 2015, but the railroads are taking steps to increase capacity and improve service levels. It does not appear that lower service levels are impacting shippers’ attitudes toward longer-term conversion to intermodal.

    From Diamond Hill Capital (Trades, Portfolio)'s Small Cap Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on TriMas Corp

    Shares of diversified industrial company TriMas Corp. (TRS) fell during the quarter as it lowered earnings guidance for the remainder of the year primarily due to weakness in Cequent North America, which makes high quality, customized engineered towing, trailer and cargo management products. The company also experienced weakness in its Energy and Aerospace segments.

    From Diamond Hill Capital (Trades, Portfolio)'s Small Cap Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on Endurance Specialty Holdings Ltd

    Shares of property and casualty insurance company Endurance Specialty Holdings Ltd. (ENH) recovered much of its first quarter losses when it announced the termination of its contentious battle to acquire Aspen Insurance Holdings (AHL) after an AHL shareholder vote failed to provide convincing support for Endurance’s offer.

    From Diamond Hill Capital (Trades, Portfolio)'s Small Cap Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on Corrections Corp of America

    Facilities support management services company Corrections Corp of America (CXW) rose as the company released results above its previous earnings guidance due to elevated demand from Immigration and Customs Enforcement. The better than expected results reflected an increased focus on border patrol and immigration.

    From Diamond Hill Capital (Trades, Portfolio)'s Small Cap Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on Vail Resorts Inc

    Resort operator Vail Resorts, Inc. (MTN) announced the acquisition of Park City Mountain Resort, which ends lengthy litigation against its previous owner and operator. The company also released a positive season pass sales update and issued strong earnings guidance for next fiscal year.

    From Diamond Hill Capital (Trades, Portfolio)'s Small Cap Fund Third Quarter 2014 Commentary.  


  • Diamond Hill Capital Comments on Trinity Industries Inc

    Railroad service company Trinity Industries, Inc. (TRN) rose as the company continues to benefit from strong sales in its Railcar Group. In addition, investors are increasingly expecting the size and duration of the product cycle to benefit from more stringent tank car regulations, potentially requiring customers to more aggressively update their fleets.

    From Diamond Hill Capital (Trades, Portfolio)'s Small Cap Fund Third Quarter 2014 Commentary.  


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