Joel Greenblatt

Joel Greenblatt

Last Update: 08-15-2016

Number of Stocks: 935
Number of New Stocks: 244

Total Value: $8,342 Mil
Q/Q Turnover: 35%

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

Joel Greenblatt Watch

  • Greenblatt and Yacktman Soar High in Airlines

    Among the U.S. companies that made the “Greenblatt Yacktman” Screener, five of them are airlines: Alaska Air Group Inc. (NYSE:ALK), Delta Air Lines Inc. (NYSE:DAL), JetBlue Airways Corp. (NASDAQ:JBLU), Southwest Airlines Co. (NYSE:LUV) and United Continental Holdings Inc. (NYSE:UAL). As these companies have soaring Greenblatt earnings yield and Yacktman forward rates of return, the airline industry offers high value potential.


    A tale of two return ratios

      


  • Natus Medical CEO Acquires Shares in Company

    James Hawkins (Insider Trades), president and CEO of Natus Medical Inc. (BABY), acquired 10,000 shares in the company on Sept. 28. The price per share was $38.48 for a total transaction of $384,800.


    Natus Medical provides health care products and services used for screening, detection, treatment, monitoring and tracking of common medical ailments in neurological dysfunction, epilepsy, sleep disorders, newborn care, hearing impairment and balance and mobility disorders. The company has a market cap of $1.27 billion.

      


  • 12 Questions With Validea Capital Management John Reese

    John Reese is founder and CEO of Validea.com and Validea Capital Management LLC. Validea Capital is the investment adviser to an actively managed equity ETF. Reese has been running quantitative models since 2003. He is a graduate of Harvard Business School and MIT, published author and investment columnist. Reese holds two patents in automated stock analysis.


    1. How and why did you get started investing? What is your background?

      


  • Airline Stocks Offer High Growth and Value

    Among companies trading on the New York Stock Exchange and the Nasdaq, airlines have high growth and value potential. Alaska Air Group Inc. (NYSE:ALK) and Allegiant Travel Co. (NASDAQ:ALGT) currently have low cash conversion cycles, which lead to effective management and increasing profit margins.


    Cash conversion cycle measures efficiency and management effectiveness

      


  • Gurus Invest in Undervalued Retail Companies

    Throughout the second quarter, several gurus have added to their positions in retail companies. Two apparel & specialty companies, eBay Inc. (NASDAQ:EBAY) and Gap Inc. (NYSE:GPS), are currently undervalued based on valuation and enterprise value ratios. This suggests that the retail industry offers good short-term investing opportunities.


    Valuation ratios and EV ratios: similar topics, albeit different perspectives

      


  • Lands’ End CEO Steps Down

    Federica Marchionni, CEO of Lands’ End Inc. (NASDAQ:LE), announced she was stepping down on Monday. Her resignation marks the departure of the company's second CEO since it diverged from Sears Holdings Corp. (NASDAQ:SHLD) in 2014.


    Marchionni has been with the clothing manufacturer since February 2015. A former executive at Ferrari and Dolce & Gabbana, she arrived with the vision of transforming the company, known for its outdoorsy apparel, to a more fashion forward brand. She added slimmer-fitting clothing, stiletto heels and a new line of athletic wear to the company’s product line. These efforts have not resonated well with loyal customers.

      


  • CEO Invests in HD Supply Holdings

    Joseph DeAngelo (Insider Trades), CEO, president and chairman of HD Supply Holdings Inc. (HDS), acquired 32,100 shares in the company on Sept. 22. The price was $31.07 per share for a total transaction of $997,347.


    HD Supply is a North American industrial distributor with a market cap of $6.26 billion.

      


  • Joel Greenblatt Invests in Estée Lauder

    Joel Greenblatt (Trades, Portfolio) initiated a position in Estée Lauder (NYSE:EL) in the second quarter, buying 425,384 shares for an average price of $93.33 per share.


    Greenblatt tries to find cheap and good companies. He looks for value with a catalyst. Greenblatt likes special situations and thinks that they are simply different places to find cheap stocks. In his own hedge fund, Greenblatt uses the basic principles in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be three to four years into the future. Greenblatt makes sure the stock is cheap based on normalized earnings.

      


  • 11 Questions With Asian and APS Investor Sid Choraria

    Today, I had the opportunity of speaking with Asian Equities investor Sid Choraria. We talk about his experience with Goldman Sachs, Asian markets and negative interest rates, as well as the investors and experiences that influenced him.


    What is your background?

      


  • George Soros Boosts Stake in Synaptics

    George Soros (Trades, Portfolio) increased his stake in Synaptics (NASDAQ:SYNA) elevenfold, adding an additional 180,000 shares in the company to his portfolio during the second quarter. Since the trade Synaptics' market price has tumbled by an estimated 15%.


    Synaptics has a market cap of $2.03 billion, a price-earnings (P/E) ratio of 30.71, an enterprise value of $1.91 billion and a price-book (P/B) ratio of 2.88.

      


  • Predictable Companies Increase Value Opportunities

    During the 2008 financial crisis, many investors suffered great losses as the stock market tumbled to historical lows.


    However, the aftermath of the crisis presented good opportunities to “buy good stocks at fair prices,” the core of Warren Buffett (Trades, Portfolio)’s investing strategy. After backtesting Buffett’s strategy for the 10-year period from 1998 to 2008, GuruFocus discovered that predictable companies generally outperformed companies that experienced operating losses in the past 10 years.

      


  • 6 Worst Performing Stocks Among Guru Portfolios

    While gurus are still holding stakes in these companies, the price of the stock and returns of the investors are dropping. These are the worst performing stocks over the last 6 months that have a long-lasting presence in four or more gurus’ portfolio.


    US Concrete Inc. (USCR) reports a negative performance over the last 6 months with a price drop of -82.8%. Despite this, four mutual funds are holding the company with a total weight of 0.02% on their portfolio.

      


  • Joel Greenblatt Adds to United Rentals

    Joel Greenblatt (Trades, Portfolio) tripled his stake in United Rentals (NYSE:URI) during the second quarter. The guru added 559,604 shares of the company at an average price of $65.25. The trade had a 0.45% impact on Greenblatt’s portfolio. He now owns 746,158 shares of the company. Since Greenblatt's purchase, the company’s market price has risen by an estimated 24%.


    United Rentals was founded in 1997 in Delaware. The company has since built its way up to becoming the largest equipment rental company in the world, with over 880 rental locations located in 49 states, as well as 10 Canadian provinces. The company has approximately 3,300 classes of equipment available for rent to customers which include construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities.

      


  • Cisco: Margin of Safety and the Internet of Things

    Cisco (NASDAQ:CSCO) builds the hardware that powers the Internet. In fact, most of the Internet runs through a Cisco device. Today, that’s a profitable business for the company and one it intends to keep growing.


    At the beginning of the year, Cisco acquired Jasper Technologies, a platform to build applications for the Internet of Things, for $1.4 billion to integrate with the company’s cloud business unit. Currently, it has over 5,000 clients including Amazon (NASDAQ:AMZN), Ford (NYSE:F), Vivint (NYSE:VSLR) and General Motors (NYSE:GM).

      


  • GNC is a Joel Greenblatt Bargain Walking a Tight Rope

    GNC is a retailer of health supplements and it is teetering. Greenblatt has a small 298,000 share position (0.09% of assets) in the company, but other big money like Steven Cohen (Trades, Portfolio), Jim Simons (Trades, Portfolio), and Paul Tudor Jones (Trades, Portfolio) have all sold out.


    In the last twelve months, the company has generated $204 million in net income on $2.6 billion in sales. It pays a tidy 4% dividend and presents a very solid buying opportunity below $20 a share. The current market cap is $1.33 billion, down 36% on the year. The recent drop comes off the news former CEO Mike Archbold is leaving the company and that Robert Moran will take over his duties on an interim basis, but let’s back up a moment.

      


  • Joel Greenblatt Doubles Down on Accenture

    Joel Greenblatt (Trades, Portfolio) more than doubled his holding in Accenture (NYSE:ACN) purchasing 120,060 shares for an average price of $115.96 per share during the second quarter.


    The trade had a 0.16% impact on Greenblatt’s portfolio. He now owns 231,075 shares in the company.

      


  • Wilbur Ross Gets FIT

    Wilbur Ross (Trades, Portfolio) of Invesco Private Capital (Trades, Portfolio) acquired a new holding in Fitbit Inc. (NYSE:FIT) during the second quarter.


    Ross founded WL Ross & Co. in 2000, which was acquired by Amvescap in 2006 to form Invesco. Ross is known for distressed investing and has been involved in restructuring failed companies in various industries such as steel, coal, telecommunications, foreign investment and textiles. In August 2014, Forbes listed his net worth at $2.9 billion.

      


  • Joel Greenblatt Buys Fox, ConAgra and Intuit

    During the second quarter, Joel Greenblatt (Trades, Portfolio) of Gotham Asset Management LLC acquired three new holdings. They are Twenty-First Century Fox Inc. (NASDAQ:FOXA), ConAgra Foods Inc. (NYSE:CAG) and Intuit Inc. (NASDAQ:INTU).


    Greenblatt is the founder and portfolio manager of Gotham Asset Management. He is the creator of Magic Formula Investing, which emphasizes high return on capital (ROC) and earnings yield. He also founded the New York Securities Auction Corp. (NYSAC) and is an adjunct professor at Columbia Business School. The firm holds stock in 935 companies and is worth $8.3 million. The turnover rate is 35%.

      


  • Keeley Asset Management Gains 3 in 2nd Quarter

    During the second quarter, Keeley Asset Management Corp. acquired three new holdings. They are Nexstar Broadcasting Group Inc. (NASDAQ:NXST), Voya Financial Inc. (NYSE:VOYA) and Shire PLC (NASDAQ:SHPG).


    Nexstar Broadcasting Group

      


  • Gurus' Stocks With Negative 3 Months Returns

    While gurus are still holding stakes in these companies, the prices of the stocks and returns of the investors are dropping. These are the worst-performing stocks over the last six months that have a long-lasting presence in more than four gurus’ portfolio.


    Key Energy Services Inc. (KEGX) reports a negative performance over the last three months with a price drop of 87.1%. Regardless of this, four mutual funds are holding the company with a total weight of 0.02% on their portfolios.

      


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