Irving Kahn

Last Update: 2015-02-03

Number of Stocks: 44
Number of New Stocks: 0

Total Value: $580 Mil
Q/Q Turnover: 1%

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

Irving Kahn Watch

  • Irving Kahn Adds to Stakes in Three Companies in Q4

    Kahn Brothers, which Irving Kahn (Trades, Portfolio) and his brothers founded in 1978, follows Benjamin Graham’s investing philosophies and generally likes to invest in undervalued equity securities. Kahn takes a similar approach to his personal investments.


    In the last quarter of 2014, Kahn added to his stakes in three companies – Patterson-UTI Energy Inc (PTEN), BlackBerry Ltd (BBRY) and BP PLC (BP).

      


  • Irving Kahn Starts New Position In GlaxoSmithKline

    Kahn Brothers, headed by Irving Kahn (Trades, Portfolio) (108 years old), has established a new stake in GlaxoSmithKline (GSK).


    Kahn Brothers was founded in 1978 by Irving Kahn (Trades, Portfolio), who got his start at value investing in the 1930s while serving as Benjamin Graham's teaching assistant at Columbia University. The firm invests in unpopular and undervalued securities that have a margin of safety and attractive prospects for the future returns.

      


  • Irving Kahn Buys Stake in GlaxoSmithKline During Q3 2014

    During the third quarter, Irving Kahn (Trades, Portfolio) of Kahn Brothers added only one position to the portfolio, and increased his holdings in just two companies. The majority of his activity was reducing his positions in 13 companies.


    At 108 years old, Kahn is the oldest living active investment manager today. Kahn learned the principles of value investing directly from Benjamin Graham himself while serving as his teaching assistant at Columbia University in the 1930s.

      


  • Kahn Brothers' Third Quarter Numbers

    Irving Kahn (Trades, Portfolio), a legendary value investor who learned directly from Benjamin Graham, is the oldest living active investment manager at 108 years old. His Kahn Brothers Group disclosed that its equity portfolio has an market value of $614 million for the third quarter based on its 13-F filing with the SEC. The 13-F filing allows us to look at his portfolio of holdings which can give useful investment ideas.


    New Positions For Kahn Brothers

      


  • A High Dividend Yield, But Other Sell Recommendation

    In a recent article from MarketWatch titled “10 S&P 1500 dividend stocks with yields up to 9.14%,” it was analyzed the highest-yielding companies that have declared dividends for at least the past five full calendar years and not discontinue them in the last four years.


    So, in this article, let´s consider one of that list – AT&T, Inc. (T) – and we will 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, it 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.

      


  • A Long-Term Buy That Investors Should Consider

    In this article, let's take a look at AT&T Inc. (T), a $184.25 billion market cap, which is America’s second-biggest supplier of both mobile-phone and fixed-line-broadband services.


    Direct TV

      


  • Irving Kahn’s Kahn Brothers’ Top Five Stocks at Year-End

    One of America’s oldest and most respected value investors, Irving Kahn (Trades, Portfolio), and his fund Kahn Brothers recently reported their fourth quarter holdings which boasted several hefty reductions and one sell out. Over the past quarter Kahn did not add any new stocks, but the guru still maintains 42 stocks valued at $581 million.

    The following five companies are the guru’s five largest positions.  


  • BlackBerry: A Sharp Drop-Off in Units Sold in a Huge Smartphone Market

    On Jan. 8, Prem Watsa (Trades, Portfolio) (Trades, Portfolio) reported adding to BlackBerry Ltd. (BBRY). So let's take a look at this company in an industry that is highly competitive and characterized by rapid changes in technologies and in customer preferences.


    Sequential Decline

      


  • Bristol-Myers: Don’t Let This One Get Away

    Bristol-Myers Squibb Co (BMY) is an 80-year-old biopharmaceutical company.  Operating in one segment alone, it is engaged in the discovery, development, licensing, manufacturing, marketing distribution and sales of biopharmaceutical products. These include chemically-synthesized drugs, or small molecules, as well as an increasing portion of products produced from biological processes, which typically involve recombinant DNA technology, called ‘biologics’.


    Bristol Myer’s revenues come from products in the following therapeutic classes: cardiovascular, virology, oncology, neuroscience, immunoscience and metabolics. Last quarter the company reported a net sales increase of 9 percent to $4.1 billion mostly driven by strong sales of drugs targeting the oncology and diabetes markets. And although it has very strong returns on capital (42.40 percent, more than two times higher than the industry median) some investors have chosen to reduce their stakes in this company, such as Jean-Marie Eveillard (Trades, Portfolio), Irving Kahn (Trades, Portfolio) and Steve Cohen. But if this business is strong and isn’t losing any money, why is that?

      


  • Three 52-Week Lows Held by Gurus

    According the GuruFocus Value Screen for finding 52-Week Lows, Volvo Group (VOLVY), Exelon Corp (EXC) and Cenovus Energy, Inc. (CVE) are guru-owned stocks traded at or near a 52-week low.


    Here are the company updates and some recent trade highlights.

      


  • 107-Year Old Irving Kahn Buys BP, BlackBerry, New York Community Bancorp, Sells SLM, Seaboard, Bristol-Myers

    107-Year Old value investor Irving Kahn just reported his third quarter portfolio. He buys BP PLC, BlackBerry Ltd, New York Community Bancorp, Inc., Straight Path Communications Inc, sells SLM Corp, Seaboard Corporation, Bristol-Myers Squibb Company, Pfizer Inc, Dime Community Bancshares, Inc., Flushing Financial Corp, TCF Financial Corporation, Travelers Companies, Inc., CFS Bancorp, Inc. during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Kahn Brothers.

    Irving Kahn is another disciple of Ben Graham (he was an employee at Graham's firm). Kahn began in the investment field in 1928 (imagine being able to talk with someone who was 25 years old at the beginning of the Great Depression!). Kahn has built a remarkable investment career by following the teachings and principles of Graham. To learn more about how he invests, read his discussions of his investment philosophy.  


  • Irving Kahn’s High-Impact Sells in Third Quarter

    The third quarter portfolio of Irving Kahn of Kahn Brothers Group lists 43 stocks, two of them new, with a total value of $687 million and a 4% quarter over quarter turnover. As of Sept. 30, 2013, centenarian Irving Kahn made these four high-impact reductions. Here are Guru Kahn’s trade details and the latest company financials.

    Sallie Mae (SLM): Reduced   


  • Kahn Brothers Reduce BMY, SLM, TRV, USG, PFE, LARK in Second Quarter

    Thomas Kahn once explained The Kahn Brothers’ investment approach: “We study companies and try to find undervalued securities... We're absolute value investors focusing on asset values, book value discounts and low price to earnings ratios to normalized earnings. And we aren't interested in so-called relative values -- you know, something selling at 20 times earnings in an industry group with a 35 multiple.”

    One of America’s oldest and best value investors, Irving Kahn is still actively investing at his firm in New York. The Kahn Brothers recently updated portfolio shows 46 stocks, none of them new, with a total value of $648 million and a quarter-over-quarter turnover of 1%. The current portfolio is weighted with financial services at 39.7%, healthcare at 25% and consumer cyclical at 9.2%.  


  • 10 Stocks Meeting Benjamin Graham's NCAV Criteria in May

    Benjamin Graham was an economist and professional investor who taught Warren Buffett, Irving Kahn, Walter J. Schloss and other famous investors at Columbia Business School.

    Buffett, who credits Graham with grounding him with a sound intellectual investment framework, describes Graham as the second most influential person in his life after his own father. In the preface to Graham's book, "The Intelligent Investor," Buffett calls it "by far the best book about investing ever written."  


  • Centenarian Investor Irving Kahn Increases

    “All the kids that believe in equations and rules will learn more as they get older.” Irving Kahn

    It's almost unbelievable that America’s oldest value investor Irving Kahn is 107. He’ll be 108-years-old on December 19, 2013. Kahn, in his early days, was a teaching assistant to Benjamin Graham at Columbia Business School. Chairman of Kahn Brothers Group, Irving Kahn has been following the market highs and lows starting before the Great Depression. With these remarkable 84 years of investing comes wisdom. Here’s a look at what the truly wise elder Guru Irving Kahn is trading as of March 31, 2013.  


  • Notes on Thrifts and 4 Stocks to Watch

    Last week I went through the Value Line section on thrifts and wrote down some notes and thoughts I have on the industry. Thrifts and small community banks have had a rough few years, but many have survived and repositioned themselves to prosper going forward. A number of them have cleaned up their balance sheets. Many of the bad loans that were written in 2005-2007 were 5-7 year balloons. Time will help heal these banks.

    More importantly, the residential real estate market is doing extremely well, and is the healthiest its been since 2005 with sales increasing and inventory stabilizing.  


  • 99-Year Old Irving Kahn Discusses His Investment Philosophy

    A couple weeks ago I wrote an article summarizing a video on Walter Schloss, who was 92 years old at the time the video was recorded. This video was one among many at the Richard Ivey School of Business in Toronto, one of the only business schools that teach value investing. I highly recommend checking out their video page which contains many other interviews with top investors. One such video I recently watched was with Irving Kahn, of Kahn Brothers, Inc.

    This video was made in 2005, shortly before Kahn's 100th birthday. Irving Kahn is still alive today and incredibly, still goes to the office to invest capital at the age of 107. So between the Schloss video and this one with Kahn, we're getting about two centuries worth of combined investment/life experience to learn from. (Maybe there is something to value investing that promotes longevity?)  


  • 6 Stocks Meeting Benjamin Graham's NCAV Criteria in 2013

    Benjamin Graham was an economist and professional investor who taught Warren Buffett, Irving Kahn, Walter J. Schloss and other famous investors at Columbia Business School.

    Buffett, who credits Graham with grounding him with a sound intellectual investment framework, describes Graham as the second most influential person in his life after his own father. In the preface to Graham's book, "The Intelligent Investor," Buffett calls it "by far the best book about investing ever written."  


  • 5 Stocks Meeting Benjamin Graham's Enterprising Criteria In 2013

    Benjamin Graham was an economist and professional investor who taught Warren Buffett, Irving Kahn, Walter J. Schloss and other famous investors at Columbia Business School.

    Buffett, who credits Graham with grounding him with a sound intellectual investment framework, describes Graham as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons after him.  


  • 10 Stocks Meeting Benjamin Graham's Defensive Criteria in 2013

    Benjamin Graham was an economist and professional investor who taught Warren Buffett, Irving Kahn, Walter J. Schloss and other famous investors at Columbia Business School.

    Buffett, who credits Graham with grounding him with a sound intellectual investment framework, describes Graham as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons after him.  


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