Jeff Auxier

Jeff Auxier

Last Update: 02-08-2016

Number of Stocks: 145
Number of New Stocks: 8

Total Value: $441 Mil
Q/Q Turnover: 2%

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

Jeff Auxier Watch

  • Undervalued Stocks With Low P/S Ratio

    According to GuruFocus' All-in-One Screener, the following are the stocks that are companies with a market cap above $5 billion that are trading with a very low P/S ratio.


    FirstEnergy Corp. (FE) is trading at about $35 with a P/S ratio of 1.01 and an estimated forward P/E multiple of 12.69. The company has a market cap of $15.12 billion and over the last 10 years, the stock has dropped by 30%. During the last 52 weeks, the price has been as high as $37.05 and as low as $28.89.

      


  • Charles Brandes' Top Buys During the 4th Quarter

    Charles Brandes (Trades, Portfolio), chairman of Brandes Investment Partners, increased his stakes in many stocks in the fourth quarter.


    He raised his stake in Credit Suisse Group AG (CS) by 121.44%. The deal had an impact of 0.52% on the portfolio.

      


  • Guru Stocks With High, Growing Dividend Yields

    The following are companies with high and growing dividend yields that gurus are buying according to GuruFocus' All-in-One Screener.


    The Western Union Co. (WU) has a trailing dividend yield of 3.44% with a three-year growth rate of 13.40% and a five-year growth rate of 19.20%. The stock is now trading with a trailing 12-month P/E multiple of 11.10 and an estimated forward P/E multiple of 10.29. During the last 12 months, the stock price has dropped by 7%.

      


  • Jeff Auxier Takes Plunge in Fastenal, a Stock From Watchlist

    Jeff Auxier (Trades, Portfolio) of Auxier Asset Management picked up eight new holdings during the fourth quarter, including Fastenal (NASDAQ:FAST), an industrial stock Auxier believed to be too richly valued this past August.


    In a GuruFocus interview, Auxier said Fastenal was on the fund’s watchlist since it was trading at an expensive 25x earnings, also citing a bubble environment due to the Chinese credit boom, which fueled a run-up in commodities. Fastenal continues to trade at a high valuation, however, at 24x earnings. With a relatively small purchase of 5,100 shares, Auxier may be waiting for a better time to buy in.

      


  • Auxier Asset Management Year-End 2015 Market Commentary

    Year End 2015 Market Commentary

      


  • Jeff Auxier's Holdings Trading Below Peter Lynch Earnings Line

    Jeff Auxier (Trades, Portfolio) is the manager of the Auxier Focus Fund. The following are the stocks in his portfolio that are trading below the Peter Lynch fair value.


    Valero Energy Corp. (VLO) is trading at about $70 per share, and the Peter Lynch value gives the stock a fair price of $147, giving the stock a margin of safety of 52%.

      


  • Top 5 Dividend Stocks Among Guru Holdings

    Even though the S&P 500 is not particularly cheap right now with an average P/E of nearly 20, there are some very juicy dividends that pop up if you screen for it. The top yielding stocks, however, are often not the most safe dividends as they are usually distressed companies.


    Investors often go shopping a little below the absolute highest dividend yielding stocks, but for this article, I decided to do something different. Instead, I compiled a list of the top yielding stocks held by the gurus. Every stock on this list is held by many of the absolute best value investors as selected by GuruFocus. I have to warn you: The list contains several energy stocks that look speculative, but at dividends from 7.56% up to 12.88%, they also look very lucrative. 

      


  • Auxier Buys New Stake in Allstate

    Value investor Jeff Auxier (Trades, Portfolio) heads Auxier Asset Management in Portland, Ore., far from the noise of Wall Street. When evaluating potential investments, Auxier and the firm look for companies that have strong or improving fundamentals, consistency in operating results and understandable products, among other attributes.


    Auxier spoke with GuruFocus in August in a wide-ranging Q&A, and discussed the advice Warren Buffett (Trades, Portfolio) gave him personally, how his strategy has evolved and even his notable investing missteps. That interview can be read here.

      


  • Jeff Auxier's Fall 2015 Market Commentary

    Major stock indices continued their correction through the third quarter of 2015. Corporate revenue gains and product pricing have been weak. Concerns over slowing global growth and currency devaluations, starting with China, have added to uncertainty. Commodity-driven emerging markets have suffered over $1 trillion in outflows, the first net exodus in 27 years. So it shouldn’t be surprising that a long overdue 10% correction took place in a week in August. The price you pay for seeking superior compounded returns is enduring the volatility of free market pricing. The key to compounding is to stick with good companies when it gets ugly and painful.


    It is also important to lighten up some during boom times. The commodities and energy sectors are suffering a huge hangover from China’s now-deflating construction bubble financed with mounting levels of debt. The Reuters/Jefferies (CRB) commodity index has now corrected 45% from the 2011 highs. Such global cyclical stocks, as a group, have trailed far behind high-quality consumer businesses, particularly those with strong brands that sell smaller ticket necessities like foods and beverages. The current market environment has some similarities to the markets in the mid-1990s. Japan in 1994 had a debt-driven boom similar to China’s today, with much of the proceeds going into construction. Mexico devalued the peso in 1994. By 1998 Russia defaulted on government bonds as oil prices crashed close to $10 a barrel, versus around $45 now. Asian countries then suffered a series of currency devaluations. These events heightened global investors’ ardor for the dollar, US assets and the perceived safety of our “rule of law” economy.

      


  • Johnson & Johnson´s Dividend Discount Model Suggests Value of $139.6 Per Share

    In this article, let´s take a look at Johnson & Johnson (NYSE:JNJ), which has reported better-than-expected earnings but a decline in revenues. The EPS for the third quarter was $1.49, beating estimates by $0.04. However, revenue of $17.1 billion misses by $350 million.


    Relative valuation and dividend yield

      


  • Jeff Auxier: 'Investors Are Confusing Volatility for Risk; Panic Is Not Knowing What You Own'

    Lake Oswego, Ore. - September 2015 - Nearly three thousand miles from the Animal House panic on Wall Street, Jeff Auxier (Trades, Portfolio) is as calm as one of the cattle grazing at his Auxier Family Farms in Oregon.


    With 32 years of cumulative investment knowledge, Auxier has earned some perspective. For the past 16 years he’s shepherded the Auxier Focus Fund through dozens of bumps and bubbles. Prior to that, Auxier was a Senior VP of Investments and Senior Portfolio Mgt. Director for Foster Marshall/Smith Barney. He served with Jamie Dimon (now head of JP Morgan) on the first board to set national policy managing client accounts, and was recipient of the Consulting Group Bob Dwyer Award honoring integrity and knowledge. He welcomes the market turmoil.

      


  • Jeff Auxier Increases Several Holdings During Second Quarter

    Jeff Auxier (Trades, Portfolio) is the manager of the Auxier Focus Fund. His portfolio is composed of 144 stocks with a total value of $479 million. The following are the largest stakes he increased during the last quarter.


    He increased by 184% his stake in Marlin Business Services Corp (MRLN) with an impact of 1.96% on his portfolio.

      


  • Monster Beverage Is Overpriced

    The Guru Jeff Auxier (Trades, Portfolio), during the last quarter, started a new position in Monster Beverage Corp (MNST). He bought 12,100 shares and is now the investor with the most weighted stake of MNST on his portfolio since the investment is about 0.34% of his total assets.


    The company

      


  • Announcement: 2016 GuruFocus Value Conference, Omaha

    Over the years we have received a lot of requests from our subscribers about a gathering, especially a gathering at the Berkshire Hathaway Annual Meeting because many of us go there anyway. In order to serve our subscribers better we decided to host an annual GuruFocus Value Conference. The next conference will be on Friday, April 29, 2016, the day before the 2016 Berkshire Hathaway annual meeting.


    These are the details of the conference:

      


  • Pfizer Nears Completion of Hospira Acquisition

    On Aug. 24 Pfizer, Inc. (NYSE:PFE) received clearance from the Federal Trade Commission for its acquisition of Hospira, Inc. (NYSE:HSP). The acquisition process has been ongoing since Feb. 5 when Pfizer first announced it would be acquiring Hospira. Given the FTC clearance the acquisition will likely be completed in September.


    The Hospira acquisition will add low cost generic versions of biotech drugs to Pfizer’s product offerings, which are currently oriented around branded products. The Hospira business overall is primarily focused on generic injectable drug product offerings. The business is expected to be immediately accretive for Pfizer, bringing approximately $1.2 billion in quarterly revenue to the Pfizer business.

      


  • GuruFocus Interview: Jeff Auxier of Auxier Asset Management

    At 11 years old, Jeff Auxier (Trades, Portfolio) began mowing the lawn of Georgia Pacific’s then-CEO Bob Pamplin Sr., who led the company to be one of the top-performing NYSE stocks of the time. After graduating college with his degree in finance and starting his career in 1982, Auxier decided to cold call Warren Buffett (Trades, Portfolio) — and got an answer.


    Whether by luck or simply taking a chance, Auxier was influenced by value investors from an early age, and this is reflected in his firm, Auxier Asset Management. The firm is based far from Wall Street on the opposite coast in Portland, Oregon, where Auxier lives on a 108-acre hazelnut farm.

      


  • Jeff Auxier's Summer Market Commentary

    The stock market sputtered and stalled in the first half of 2015. Standard & Poor’s 500 index of large U.S. companies rose a scant 0.28% in the second quarter and 1.23% over the six months ended June 30. Auxier Focus Fund trailed the index, declining


    0.97% for the quarter and 0.29% for the first half of 2015. One reason is that the Fund is only 70% invested in American companies (the S&P 500 is 100%). The remainder: 17% in foreign stocks, 6% in cash and 7% in so-called work-outs such as corporate spinoffs. What’s more, our lower-risk allocation has handily beaten the benchmark over time. Since inception in 1999, with an average 75%-95% equity exposure, a $10,000 investment in the Fund grew to $30,760 as of June 30, vs. $19,880 for the S&P 500.

      


  • The Stocks Jeff Auxier Keeps Buying

    Jeff Auxier (Trades, Portfolio) of Auxier Asset Management currently owns 133 positions in his $237 million portfolio. Auxier has a low quarter over quarter turnover rate of 1%. Over the past quarters, Auxier has continued to purchase shares in three positions, which include Aetna Inc (NYSE:AET), Royal Dutch Shell PLC (NYSE:RDS.A) and Unum Group (NYSE:UNM).


    Aetna Inc (NYSE:AET)

      


  • Ask Your Investment Questions to Jeff Auxier of Auxier Asset Management

    Jeff Auxier (Trades, Portfolio) of Auxier Asset Management has agreed to participate in an exclusive Q&A with GuruFocus. Please submit your questions below in the comment box and we will pick the top 20 to ask the investor.


    Auxier was first introduced to the world of investing when he mowed Robert Pamplin's lawn. The Georgia Pacific CEO taught Auxier about remaining ethical. Pamplin's ideas about how a business should be transparent and shareholders should come first were later adopted and applied to Auxier's firm.

      


  • Jeff Auxier Reduces More Than 100 Stakes in First Quarter

    As manager of Auxier Focus Fund, Jeff Auxier (Trades, Portfolio) racked up an impressive record in the first decade of the 21st century, gaining more than 75% in value compared to the S&P500’s 10% loss during the same period.


    In the first quarter of 2015, Auxier’s emphasis was on selling holdings rather than buying them. Auxier reduced more than 100 of his stakes in the first quarter, including each of his 20 most valuable stakes.

      


  • Jeff Auxier Adds DISCA to His Portfolio During 1Q2015

    Jeff Auxier (Trades, Portfolio) of Ausier Asset Management added Discovery Communications Inc (NASDAQ:DISCA) to his portfolio, according to GuruFocus Real Time Picks.


    Auxier purchased 59,149 shares of DISCA at an average price of $31.37 a share.

      


  • Jeff Auxier Spring 2015 Market Commentary

    In first quarter 2015, the economy was subdued by record low temperatures in the Northeast, a West Coast port strike, a rapidly appreciating U.S. dollar (undermining exports), and a dramatic cutback in energy capital spending. Auxier Focus Fund returned 0.68% for the first quarter 2015. The equity portion gained over 0.92%. By comparison, Standard & Poor’s 500 stock index returned 0.95%, while the Dow Jones industrials added an anemic 0.33%. At quarter end, the Fund was comprised of 9% cash and “work-outs,” 76% U.S. stocks and the balance in foreign equities. An example of a "work-out" is Hospira, a healthcare company we purchased at a distressed price of $28.21 in December 2011. Drugmaker Pfizer has offered $90 cash to acquire Hospira in the second half of 2015, resulting in its shares recently fetching a discounted $87. The implicit $3 per share gain to closing represents over a 4% annual return, so we use that as a cash substitute. As stock market levels rise we tend to have more of these "work-outs" and similar event-driven investments that are "market agnostic," meaning they are less dependent on the overall supply and demand in the markets for their returns.

      


  • Some Reasons to Reduce Holdings in Avon

    In this article, let's take a look at Avon Products Inc. (NYSE:AVP), a $3.43 billion market cap company, which is the world's leading direct marketer of cosmetics, toiletries, fashion jewelry and fragrances, with about 6 million sales representatives worldwide.


    Largest Shareholders

      


  • Jeff Auxier: Year End 2014 Commentary and 2015 Outlook

    As of December 31, 2014, Auxier Focus Fund was comprised of 77.73% U.S. equities, 13.87% foreign stocks, 0.2% fixed income, and 8.2% cash. The Fund returned 4.40% in the fourth quarter of 2014. The Fund’s stock portfolio had a corresponding 5.17% gain, versus 4.93% for Standard & Poor’s 500 Stock Index. For the year, the Fund returned 7.34% (stocks up 10%), versus the S&P 500’s 13.69%. By comparison, the Dow Jones Industrial Average rose 5.2% for the quarter and 10% for the year. Foreign stocks in developed countries generally declined 4.5% in 2014 (MSCI EAFE Index). The Thomson Reuters CRB Index showed commodities continued to correct, losing over 16%.

      


  • Auxier Asset Management - 'Hazelnuts, Cows… and Stocks'

    As of 9/30/14 the Stock Portion of the Investor Class, AUXFX, is Up 360% Since Inception, Growth of $10,000 to $29,500 Since Inception;


    Auxier Continues Eating His Own Cooking and Preaching the Power of Compounding

      


  • Jeff Auxier Buys Berkshire Hathaway in Third Quarter

    Jeff Auxier (Trades, Portfolio) founded Auxier Asset Management and has managed the Auxier Focus Fund since its inception in 1999. Since inception, the fund has had returns 114.67 percentage points higher than the S&P 500.


    In an interview with GuruFocus in 2012, Auxier told a story of when he cold-called Warren Buffett (Trades, Portfolio) in 1982, and actually received career advice from the most successful investor himself.

      


  • Jeff Auxier Fall 2014 Market Commentary

    We have been anticipating a market correction to wring out mounting excesses of margin debt, overpriced initial public offerings and widespread security issuance in the energy sector. Indeed, during the third quarter, many of the 1500 companies we follow each year began to correct. Smaller stocks as measured by the Russell 2000 index declined 7.36%. Larger companies fared better with the Standard and Poor’s 500-stock index up 1.13%. Auxier Focus Fund ended the quarter down 1.35% with our foreign stock holdings a drag in the face of a strong U.S. dollar. Generally, severe and prolonged market declines are preceded by periods of rising interest rates and/or recession. So far fundamentals and reported earnings don’t point to either in the near term.


    Welcome Return of Market Volatility

      


  • Acquisition Strategy Will Benefit ConAgra Foods

    In this article, let's take a look at ConAgra Foods, Inc. (NYSE:CAG), a $14.41 billion market cap company that is one of the larger U.S. food companies, with a number of widely known brands.


    Acquisition and divestiture strategy

      


  • Some Drivers of the World's Largest Automaker

    In this article, let's take a look at Toyota Motor Corporation (NYSE:TM), a $182.43 billion market cap company that is one of the world's largest automobile producers.


    Quality and more

      


  • Anadarko is a Strong Player with an Interesting Mix Composition

    In this article, let's take a look at Anadarko Petroleum Corporation (NYSE:APC), a $56.08 billion market cap company, one of the largest independent exploration and production companies in the world.


    International operations

      


  • Toyota Stock Drops Following Announcement of Recalls

    Japanese automaker Toyota (NYSE:TM) – rated the world’s largest automobile manufacturer (by production) in 2012 by the Paris-based International Organization of Motor Vehicle Manufacturers (OICA) – issued three recalls last week, affecting more than 1.7 million vehicles worldwide.


    The largest of the recalls, which primarily affects vehicles sold in Japan, is intended to fix a problem with the brake systems in three models. The second-largest recall addresses an issue with the fuel delivery pipes that could cause fires. The smallest of the recalls affects vehicles that could have fuel leaks.

      


  • 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. (NYSE: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.

      


  • Should You Stay Away From Avon?

    In this article, let's take a look at Avon Products Inc. (NYSE:AVP), a $5.47 billion market cap company, which is the world's leading direct marketer of cosmetics, toiletries, fashion jewelry and fragrances, with about 6 million sales representatives worldwide.


    New Management

      


  • I Feel Bullish on Costco Due to its Business Model

    In this article, let's take a look at Costco Wholesale Corporation (NASDAQ:COST), a $55.22 billion market cap company, which operates about 650 membership warehouses in the U.S., and other countries such as Puerto Rico, Canada, the U.K., Taiwan, Japan, Korea, Mexico and Australia.


    Costs reduction

      


  • General Electric is Overvalued Based on DDM Analysis

    In this article, let´s consider General Electric Company (NYSE:GE), a $265 billion market cap, which has a trailing P/E ratio that indicates that the stock is relatively undervalued (PE 20.7x vs Industry Median 23.2x).


    So in this article, let's take a look at a model that 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.

      


  • Good Outlook for ConAgra Foods

    In this article, let's take a look at ConAgra Foods, Inc. (NYSE:CAG), a $13.47 billion market cap company, which is one of the larger U.S. food companies with a number of widely known brands.


    Main risk

      


  • General Motors: A High-Yielding Stock

    In this article, let's take a look at General Motors Company (NYSE:GM), a $54.61 billion market cap company, which is the world's second-largest producer of cars and trucks.


    A market leader

      


  • Jeff Auxier Second Quarter Shareholder Letter

    Summer 2014 Market Commentary


    Auxier Focus Fund returned 3.96% for the second quarter. The Fund’s stockholdings gained 5.46%, outpacing the corresponding returns of 5.23% for Standard and Poor’s 500 Stock Index and 2.83% for the Dow Jones Industrial Average. Foreign stocks comprised about 18% of the Fund portfolio. Note that since inception in 1999, Auxier Focus’ stock exposure has averaged 72%, a much lower risk stance than the S&P 500 and Dow Jones Industrial Average (both 100% invested in stocks). Yet we nonetheless outperformed both indices for the period. A hypothetical $10,000 investment in the Fund on July 9, 1999 through June 30, 2014 would have grown to $29,954. That’s 61% more than the S&P 500’s $18,507 and 39% better than the Dow’s $21,484 for a similar investment. 

      


  • Auxier Asset Management's Auxier Report - First Quarter 2014


    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund’s Investor Class Share’s annual operating expense ratio (gross) is 1.28%. The Fund’s adviser has contractually agreed to waive a portion of its fee and/or reimburse Fund expenses to limit total annual operating expenses at 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Advisor’s website at www.auxierasset.com. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future.

      


  • A Strong Sell Despite a Buy Recommendation Due to Its Intrinsic Value

    Philip Morris International Inc. (NYSE:PM) manufactures and markets cigarettes outside the U.S. in 180 countries. The company´s plan is to introduce new packaging, new blends and other line extensions. A key driver of the company is the strong market share and the economies of scale. Also, the company has combated unfavorable tax regulations with price increases, showing a good price-elasticity. The firm's competitors include British American Tobacco plc (BTI) and Imperial Tobacco Group plc (ITYBY).


    Now, turning our attention to the future direction of the stock, let's take a look at the intrinsic value of this company and try to explain to investors the reasons why it is a good buy or not.

      


  • Jeff Auxier Comments on Tesco

    Fund performance has been negatively impacted by turnarounds like global supermarket operator Tesco PLC (TESO). Retailers in general, even world-class operators, are suffering from a glut of stores fostered by a rapid transformation to online and mobile shopping. While we don’t see much more downside, the execution has been disappointing—slower than expected. Over the long term this approach to buying high-quality assets during distressed times has been a winner. It is often difficult to gauge the timeline.

      


  • Jeff Auxier Comments on CVS

    Healthcare stocks in the Fund had a strong fourth quarter and year. CVS (NYSE:CVS)’s 26% performance for the quarter is reflective of the fact that 10,000 Americans turn 65 every day and will for the next 15 years. Businesses that are able to serve this growing segment with improving service, innovation, technology, product quality and value should continue to win.

      


  • Jeff Auxier’s Year-End Top-Five Stocks

    Jeff Auxier (Trades, Portfolio) is one of the favored gurus followed by GuruFocus. He is the president and chief executive officer at Auxier Asset Management and is in charge of the Auxier Focus Fund. Over the past quarter Auxier added seven new stocks to his portfolio, bringing his total holdings to 147 valued at $476 million.


    The following five companies are Auxier’s top five stock holdings as of the close of the fourth quarter.

      


  • Farming Investor Jeff Auxier Buys 7 New Stocks in Q4

    Jeff Auxier (Trades, Portfolio) is a value investor who stays away from the chaos of Wall Street by farming in Oregon in addition to managing portfolios for over 30 years. Auxier Asset Management currently has $400 million in assets under management.


    In the fourth quarter, Auxier purchased seven new stocks, for a total of 147 in his portfolio, and 3% quarter-over-quarter turnover. Most is weighted in the consumer defensive sector, at 27% of the portfolio, followed by health care at 21.9% and financial services at 16.8%.

      


  • Jeff Auxier's Auxier Report Fourth Quarter 2013


    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund’s Investor Class Share’s annual operating expense ratio (gross) is 1.28%. The Fund’s adviser has contractually agreed to waive a portion of its fee and/or reimburse Fund expenses to limit total annual operating expenses to 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Advisor’s website at www.auxierasset.com. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future.

      


  • "I'm far from the greed and emotion of Wall Street" - A Look at the Patience and Success of Guru Jeff Auxier

    I’m far from the greed and emotion of Wall Street and able to conduct the kind of independent thinking that keeps us ahead of the pack, not chasing it.  I love my job and consider it a stewardship of other people’s hard-earned money.  I want to do this the rest of my life.


    -Jeff Auxier (Trades, Portfolio)

      


  • De-dopaminize Your Investment Process

    During 2013 I’ve had the honor and luck to meet a few great investors, and one of the questions I always ask is, “How do you suppress your urge to act?”


    The reason I ask that question is because my experiences have taught me that fewer but wiser bets will likely lead to better performance. All of us have heard of Buffett’s “20 punch cards” advice to investors, but how many of us have acted accordingly? Human nature pushes us to get active, not inactive. When our brain recognizes an opportunity for financial reward, it releases dopamine, which tells the rest of the brain to pay attention to that opportunity and get our greedy little hands on it before we miss it. Worse yet, our rewards system gets much more excited about a possible big win so it will motivate us to do whatever provides the chance to win.

      


  • Jeff Auxier on Where He Will Make Exceptions to His Dislike of Investing in Technology Companies

    Jeff Auxier doesn't particularly like investing in technology companies simply because of the speed at which these companies change.

    He has made exceptions however for companies like Microsoft and Intel where cash flow is more predictable and valuations not factoring in much growth.  


  • Third Quarter Auxier Report from Auxier Asset Management



    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund’s Investor Class Share’s annual operating expense ratio (gross) is 1.29%. The Fund’s adviser has contractually agreed to reduce a portion of its fee and reimburse Fund expenses to limit total annual operating expenses at 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Fund’s website at
    www.auxierasset.com. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future.  


  • Auxier Focus Fund Update - Telecom Cuts, H&R, Home Depot and Others

    Guru Jeff Auxier, president and CEO of Auxier Asset Management and the Auxier Focus Fund, has said: “As U.S. financier and Presidential advisor, Bernard Baruch used to say, facts are facts even in the height of emotion. Often in these periods what is perceived to be risky is far safer than normal. Like John Train, author of ‘The Money Masters’ has said, “The safe time to invest is when investors are discouraged and desperate.” Conversely, the time to be cautious is when everyone is excited, news is good, and initial public offerings are flowing.”

    The updated portfolio of Auxier Focus Fund lists 144 stocks, 6 of them new, a total value at $414 million, and a quarter-over-quarter turnover of 3%. The portfolio is currently weighted with top three sectors: consumer defensive at 28.8%, healthcare at 22.9% and financial services at 15.9%.  


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