Joel Greenblatt

Joel Greenblatt

Last Update: 05-16-2016

Number of Stocks: 950
Number of New Stocks: 311

Total Value: $8,921 Mil
Q/Q Turnover: 46%

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

Joel Greenblatt Watch

  • Four Stocks With Growing EPS Near Their 52-Week Lows - Part II

    With these articles, thanks to GuruFocus All-In-One Screener, I want to highlight stocks that have a strong price correction and are trading near their 52-week low. These stocks can be good for investors, since they reported growing earnings over the last few years.


    Methode Electronics Inc (MEI)

      


  • Xerox's Shares Down by 23%

    In this article, let's take a look at Xerox Corporation (NYSE:XRX), a $11.73 billion market cap company, which is a media and entertainment conglomerate that has diversified global operations intheme parks, filmed entertainment, television broadcasting and consumer products.


    Bullish sentiments

      


  • One of Icahn's Favorite Stocks Seems to be Overvalued

    One well-known activist investor, Carl Icahn (Trades, Portfolio), further increased his position in Chesapeake Energy Corporation (NYSE:CHK) through Icahn Capital LP by 10% to $1.03 billion in the company's latest filing, with 73.05 million shares. Chesapeake is Icahn's eighth-largest holding in its $32.05 billion portfolio, and the stake represents 3.2% of Icahn´s portfolio, so we can conclude that the stock´s performance will affect its performance.


    Icahn remains bullish on the company as evidenced by his increased position in the company's shares, so let´s try to find the intrinsic value of the stock based on an absolute valuation model and see if we can have an upside potential in this stock.

      


  • Why I Still Consider Kroger as a Buy Recommendation

    In this article, let's take a look at the supermarket operator Kroger Co (NYSE:KR) and try to explain if this is an appealing investment opportunity or not, when shares of the company are trading nearly its 52-week high. Shares of the firm closed yesterday at $73.11, amassing a year-to-date return of 13.6%, which I consider attractive when compared to a market benchmark such as the SPDR S&P 500 ETF (SPY). Further, the past September I wrote an article recommending the stock, and I think it has done pretty good, with a 42% return in the period.


    Company’s competitive environment

      


  • Delta Airlines: Lessons From Warren Buffett

    Every time I see interest increase in the airline industry, I think about two quotes from two of my most favorite billionaires.


    Richard Branson once stated that “if you want to be a millionaire, start with a billion dollars and launch a new airline.”

      


  • Reasons to Buy Carter's

    Shares of Carter's, Inc. (NYSE:CRI) reached a 52-week high of $108.34 on June 23. Investors’ confidence got a boost after the company announced its quarter results.


    In fact, shares have been gaining momentum since the company reported better-than-expected first quarter revenues and results. Shares of the firm closed at $107.35, amassing a year-to-date return of 59.6%, which I consider very good when compared to a market benchmark such as the SPDR S&P 500 ETF (SPY).

      


  • Does Garmin Offer an Upside Potential?

    In this article, let's take a look at one important holding of Joel Greenblatt (Trades, Portfolio)´s Gotham Asset Management, Garmin Ltd. (NASDAQ:GRMN), the $8.72 billion market cap company, which has recently announced a 6.3% dividend hike.


    Fund´s Positions

      


  • Marriott's Growth in Q1 Looks Attractive

    In this article, let's take a look at Marriott International, Inc. (NASDAQ:MAR), a $20.94 billion market cap company, which operates more than 3,500 hotels and 600,000 rooms in more than 50 countries.


    Analyzing Results

      


  • SSE, Leveraged Chesapeake Spinoff Left In A Challenging Environment



  • Micron May Be the Biggest Guru Bargain Of All

    Micron Technology (NASDAQ:MU) was founded in Boise, Idaho and manufacturers and markets a basic commodity for the computer industry – DRAM, NAND Flash memory, CMOS image sensors, along with other semiconductor components. was founded in Boise, Idaho and incorporated in October 1978.


    From a consistency standpoint, Micron fails to deliver, but you don’t get paid based on the past. In the last five years, Micron has worked hard to improve margins and efficency. It has doubled revenue, increased both gross and operating margins and has built a great base of relationships to drive the company forward for years to come.

      


  • Adobe's Looks Attractive after Beating Earnings Estimates

    In this article, let's take a look at Adobe Systems Inc. (NASDAQ:ADBE), a $41.16 billion market cap company, which provides a line of software and services used by marketers, knowledge workers, application developers, enterprises and consumers. The company markets and licenses its software to enterprise customers through its sales force and to end users through app stores and its website.


    Results and price return

      


  • Will El Pollo Loco Starts To Grow ?

    El Pollo Loco Holdings Inc (LOCO) or El Pollo Loco, pronounced “L Po-yo Lo-co” in Spanish that means “The Crazy Chicken,” is a restaurant chain based in the United States, specializing in Mexican-style grilled chicken. It operates within the restaurant industry, the LSR segment. It is engaged in restaurant concept that specializes in fire-grilling citrus-marinated chicken in front of its customers. The company opened its first location on Alvarado Street in Los Angeles, California in 1980, and currently it has approximately 401 restaurants, comprised of 168 company-operated and 233 franchised restaurants.


    The franchise model is set to be a great limitation for the company, when compared to the main competitor Chipotle Mexican Grill (CMG) that owns its restaurants so it can maximize its revenue, offering to investors a better growth rate.

      


  • Five-year lows: Acacia Research Corporation, Park Electrochemical Corp, Bill Barrett Corporation, Black Box Corp

    According to GuruFocus list of five-year lows, these Guru stocks have reached their five-year lows: Acacia Research Corporation, Park Electrochemical Corp, Bill Barrett Corporation, Black Box Corp


    Acacia Research Corporation reached $9.62

      


  • Some Reasons to Short Nike

    In this article, let's take a look at NIKE, Inc. (NYSE:NKE), the giant in the sport business, and see if this is an appealing investment opportunity or not.


    Nike is the strongest player in the industry, and we all know this top position is not easy to maintain because the industry has evolved steadily over the past four or five decades. Moreover, the competition is high with few barriers to entry, which means that well-known brands or new competitors could grow quickly helped by innovation. In such scenario, the only way is to reach differentiation to justify higher prices. Among the reasons for this admirable position, three of them are: size, brand image and competitive advantages. I believe the company will maintain its leadership because it plans to continue making efforts to innovate with focus on marketing campaigns as well as distribution strategies. For example, the improved version of Nike Flyknit Free, situated Nike in a higher level. All the above are drivers for long-term growth of the company. Furthermore, in this industry there is something that is true: higher innovation means higher prices. The company also plans to lower costs through supply chain and reaching efficiencies could have greater impact in margins. Also, propaganda strategy with top athletes generates consumer confidence and long-term credibility to the brand.

      


  • Guru Stocks at 52-Week Lows: XOM, WMT, CVX, AZN, COP

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


    Exxon Mobil Corporation (NYSE:XOM) Reached the 52-Week Low of $85.21

      


  • Weekly CEO Buys Highlight: BRKR, GAIN, LUB, NUVA, FGP

    According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:


    Bruker Corp (NASDAQ:BRKR): CEO, President, 10% Owner Frank H Laukien Bought 1,000,000 Shares

      


  • Buy the Keysight Technologies Spinoff After the Dip

    Research has shown that investing in spin-offs is a proven and consistent way of beating the market. Since massively outperforming the S&P 500 following its separation last year, shares of Keysight Technologies (KEYS) have lagged the market and its former parent Agilent Technologies (A) considerably.


    Does the pullback represent a buying opportunity for new investors?

      


  • Aetna, Cisco Top Greenblatt Magic Formula Screener

    Famed investor Joel Greenblatt (Trades, Portfolio) published “The Little Book That Beats the Market” in 2005, which would become a classic in finance literature. The straightforward, easy-to-read book numbers just over 200 pages, and lays out what Greenblatt calls the “magic formula”, a method of picking stocks with low P/E ratios and high returns on capital.


    Greenblatt’s formula for return on capital is: EBIT/(Net Working Capital + Net Fixed Assets). The Magic Formula is a relative ranking of companies based on the two criteria, and calls for investors to hold 20-30 stocks for at least one year. After the one-year period, investors should screen for new stocks and establish a new portfolio based on current financial statements and stock prices.

      


  • Guru Stocks at 52-Week Lows: XOM, WMT, PG, CVX, GSK

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


    Exxon Mobil Corporation (NYSE:XOM) Reached the 52-Week Low of $84.02

      


  • Read, And Then Read Some More

    Someone recently asked at a meeting of prominent individual investors about millennials and investing to help newly minted college graduates. My recommendation was Patrick O'Shaughnessy and his excellent book for millennial investors. Also referenced was O'Shaughnessy's father and all his works.


    The crowd stared blankly.

      


  • Guru Stocks at 52-Week Lows: XOM, WMT, PG, CVX, RDS.B

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


    Exxon Mobil Corporation reached the 52-week low of $84.58

      


  • 5 Popular Financial Stocks Among Gurus in Q1

    The financial sector has seen good performance over the past year, returning 20.78%. This is the third-highest performing sector over the one-year period after healthcare and technology, according to Morningstar’s performance list.


    One method of researching stocks in this sector is to see which companies are popular among the gurus. GuruFocus’ All-In-One-Screener can be used to sort stocks with more than 150 filters. For this article, I selected “Financial Services” from the industry list, then in the Gurus tab selected the checkmark box for “Involved in Buy/Sell Activities.” By sorting the resulting list of stocks by number of guru holders, we can see the top five most popular financial services companies.

      


  • Philip Morris International has an Irresistible Dividend

    Philip Morris International (PM) has one of the largest, fastest growing, most stable dividend payouts investors will ever come across. At its current 4.7% yield, shares have typically paid out over a 4% yield since 2009. With a growing share price however, the company has been able to grow the payment over 12% per year to keep a stable dividend yield.


      


  • Guru Stocks at 52-Week Lows: XOM, WMT, PG, CVX, AXP

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


    Exxon Mobil Corporation (NYSE:XOM) Reached the 52-Week Low of $85.13

      


  • Weekly CEO Buys Highlight: NUVA, HK, BKFS, PODD, CLF



    NuVasive Inc (NASDAQ:NUVA): Chairman & CEO Gregory T Lucier Bought 34,000 Shares

      


  • Fossil: A Joel Greenblatt Bargain Stock

    Fossil Group (NASDAQ:FOSL) designs, markets and distributes consumer fashion accessories. Founded in 1984, Fossil offers men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and select apparel.


    While the new Omega Globemaster limited-edition sells for $44,000, a typical Fossil sells for around $150, helping the company produce approximately $3.5 billion in annual revenue through more than 400 retail locations, 4,000 wholesale locations and 13,000 employees worldwide, generating over $500 million in operating profit from $2 billion in assets and have grown sales and earnings at impressive and consistent rates.

      


  • Risk And Reward With Fossil Group

    Fossil Group (NASDAQ:FOSL) designs, markets and distributes consumer fashion accessories. Founded in 1984, Fossil offers men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and select apparel.


    The company produces approximately $3.5 billion in annual revenue through more than 400 retail locations, 4,000 wholesale locations and 13,000 employees worldwide. And, right now, the stock is 2 points off a year low and a full 33 points lower than the Peter Lynch Earnings Line.

      


  • Joel Greenblatt Increases His Stake in Masco

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. He is the author of two investment books, including Joel Greenblatt: The little Book that Beats the Market . He is also an Adjunct Professor at the Columbia Business School.


    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 principals in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings.

      


  • Joel Greenblatt increases his position in Flowserve

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. He is the author of two investment books, including Joel Greenblatt: The Little Book that Beats the Market . He is also an adjunct professor with Columbia Business School.


    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 principals in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings.

      


  • Joel Greenblatt Increases His Position in Xerox

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is also an adjunct professor with Columbia Business School.


    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 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings.

      


  • Joel Greenblatt Increases His Position in Lam Research

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is also an adjunct professor with Columbia Business School.


    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 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings.

      


  • Greenblatt's Top Buys During First Quarter

    Famed investor Joel Greenblatt (Trades, Portfolio), author of The Little Book That Beats The Market and inventor of the Magic Formula, purchased 200 new stocks during the first quarter, according to GuruFocus Real Time Picks.


    Greenblatt manages Gotham Asset Management along with Robert Goldstein, who combined have more than 50 years of investment experience.

      


  • Paul Singer Adds to Six Stakes in First Quarter

    Guru Paul Singer (Trades, Portfolio) is an activist investor worth nearly $2 billion. In 1977, he founded Elliot Management, which manages more than $24 billion in assets.


    More than one-third of Elliot Management’s portfolio is in oil and gas companies. Singer has several of those in his personal portfolio, too, but most of the stakes he increased in the first quarter are in other sectors, primarily telecommunications.

      


  • Joel Greenblatt Increases His Position in Accenture

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is also an adjunct professor with Columbia Business School.


    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 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings.

      


  • Joel Greenblatt Increases Position In Time Warner

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. He is the author of two investment books, including Joel Greenblatt: The little Book that Beats the Marketir?t=gurufocuscom-20&l=ur2&o=1. He is also an Adjunct Professor with Columbia Business School.


    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 principals in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings.

      


  • 5-year lows: American Public Education Inc, Quiksilver Inc, RealNetworks Inc, Universal Technical Institute Inc.

    According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: American Public Education Inc, Quiksilver Inc, RealNetworks Inc, Universal Technical Institute Inc.


    American Public Education Inc reached $23.26

      


  • Joel Greenblatt Increases Position in Pfizer

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. He is the author of two investment books, including Joel Greenblatt: The little Book that Beats the Marketir?t=gurufocuscom-20&l=ur2&o=1. He is also an Adjunct Professor with Columbia Business School.


    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 principals in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings.

      


  • Joel Greenblatt Trims Position in Norfolk Southern

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. Last quarter, he decreased his position in Norfolk Southern Corporation (NYSE:NSC) by selling 418,821 shares of the company. The following chart shows his holding history in the company.


      


  • Analyzing Joel Greenblatt's Top Buys

    Joel Greenblatt (Trades, Portfolio) is the founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. He is the author of two investment books, including Joel Greenblatt: The Little Book that Beats the Market. He is also an Adjunct Professor with Columbia Business School.


    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 principals in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings.

      


  • Risk & Reward with Gilead Sciences Inc. (GILD)

    I realize that biotech stocks are not really value investments, per se. They constantly need R&D to keep up with competitors and the competitive advantages from drug patents have a limited, albeit long, time frame. However, with Gilead (NASDAQ:GILD) there could be some reward owning at this level.


    The Company’s areas of focus include human immunodeficiency virus (HIV), liver diseases such as chronic hepatitis B virus (HBV) infection and chronic hepatitis C virus (HCV) infection, oncology or inflammation and serious cardiovascular and respiratory conditions.

      


  • Richard Snow Cuts Stake in American Eagle Outfitters, HealthNet Following Price Increase

    The founder and chief investment officer of Snow Capital Management, Richard Snow (Trades, Portfolio), cut his stakes by significant percentages in two high-yielding stocks, according to GuruFocus Real Time Picks.


    The firm employs a contrarian, fundamental, relative value investment strategy, searching for companies with depressed stock prices due to short-to intermediate-term difficulties. Over the past 15 years, the All Cap Equity Composite strategy returned an annualized 8.9% per year, compared to the S&P 500’s 4.2%.

      


  • Halyard Health is a Long-Term Winner

    On October 31, 2014, Halyard Health (HYH) was spun off of Kimberly-Clark (KMB). Kimberly-Clark had planned on spinning the business into a separate entity a couple of years ago to better focus on its core consumer and professional brands.


    While HYH shares performed very well following the separation, shares are down over 15% from its highs.

      


  • F5 Networks: Good Fundamentals, Good Prospects

    Twas the day before Christmas 2014, and investors in F5 were already thanking Santa Claus! Over the past two months, their company, F5 Networks, Inc. (NASDAQ:FFIV) had shot up, as if pulled by Dasher and Dancer, et al.


    But Mr. Market is rarely as kind and patient as Santa, so F5 investors soon saw the price of their stock begin tumbling. It even gapped down, a month after Santa’s visit, when the company released earnings that failed to meet expectations:

      


  • Weekly Guru Bargains Highlights: SBUX, EC, WPZ

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


    Starbucks Corp: Down 37% since Jim Simons (Trades, Portfolio) bought in the quarter ended on 12-31-2014

      


  • Growing And Undervalued: Aflac Inc.

    From my watch list, let’s have a short view ofAflac Inc (AFL). It looks undervalued based on the Peter Lynch value, discounted cash flow and is trading below the Peter Lynch earnings line


    Aflac Inc (AFL)

      


  • Guru Investors Are Piling Into National Oilwell Varco

    Plenty of top name super investors continue to buy into this stock, and rightfully so.


    National Oilwell Varco (NYSE:NOV) is a beast!

      


  • 5-year lows: ION Geophysical Corp, American Science & Engineering Inc, Destination Maternity Corp, and Joy Global Inc.

    According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: ION Geophysical Corp, American Science & Engineering Inc, Destination Maternity Corp, and Joy Global Inc.


    ION Geophysical Corp (NYSE:IO) Reached $2.31

      


  • Portfolio Management Similarities between Joel Greenblatt and Stanley Druckenmiller

    I have been busy over the past couple of weeks. My wife gave birth to twins about two weeks ago, and now that I am back in the office, I am catching up on some reading. While we were in the hospital for about a week, I did have some time to do some reading, and I have some comments on two annual reports of current holdings of mine—JP Morgan and Markel—which I may turn into brief posts.


    But briefly, I thought I’d share two videos I recently watched of two great investors—one I talk a lot about, and one who I’ve rarely mentioned.

      


  • Analyzing Joel Greenblatt's Holdings

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. He is the author of two investment books, including Joel Greenblatt: The Little Book that Beats the Marketir?t=gurufocuscom-20&l=ur2&o=1. He is also an adjunct professor with Columbia Business School.


    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 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings. According to the latest disclosure, he was holding 1,797,124 shares of The Manitowoc Company, Inc. (MTW).

      


  • Wells Fargo Is Trading at a Fair Value According to DDM Model

    In this article, let's take a look at Wells Fargo & Company (NYSE:WFC), a $281.68 billion market cap company, with assets of $1.74 trillion, is the fourth-largest in the U.S. with three reporting segments: community banking; wholesale banking; and wealth, brokerage and retirement segments.


    Returning Cash

      


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