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

  • Bernard Horn's 5 New Buys All Undervalued by Lynch Earnings Line

    The Polaris Global Fund headed by Bernard Horn (Trades, Portfolio) picked up five new holdings during the first quarter although only one was an international company, according to data reported by GuruFocus' Real Time Picks.

    Polaris’ investment process includes regularly screening a database of companies to narrow down undervalued stocks. Its criteria include those related to sustainable free cash flow, financial strength and liquidity. The process has largely worked well for Polaris – the fund has outperformed the MSCI World Index over each of the three-, five- and 10-year periods. Over the past three years ended the most recent quarter end, Polaris had an average annual return of 9.48% compared with 6.82% for the benchmark.


  • High Quality Guru Stocks: EMC, Bed Bath & Beyond

    According to GuruFocus’ All-in-One Screener, the following stocks have high business predictability ratings, and at least five gurus are shareholders in the companies.

    ResMed Inc. (RMD)


  • Frank Sands Sells Visa, Baidu, Alibaba

    Frank Sands (Trades, Portfolio) is chief executive officer and chief investment officer of Sands Capital Management, an investment management firm focused on investing in quality growth businesses throughout the world. He sold his shares in the following stocks during the first quarter:

    The guru closed his stake in FMC Technologies Inc. (FTI) with an impact of -1.04% on the portfolio.


  • Xerox Looks Like a 'Sell'

    Xerox Corporation (NYSE:XRX) is a $9.26 billion market cap company that is a media and entertainment conglomerate with diversified global operations in theme parks, filmed entertainment, television broadcasting and consumer products.

    Xerox operates in three segments: document technology, business services and other. Some months ago, the company announced its plan to split into two companies. The first one comprising the document technology corporations and the other comprising the business process outsourcing segment. The deal will generate about $2.4 billion in savings over the next three years in a strategic transformation program. The deal will be finished by the end of the year.


  • Joel Greenblatt Increases Stake in Corning by 5-Fold

    Guru Joel Greenblatt (Trades, Portfolio) increased his stake in Corning Inc. (NYSE:GLW) by adding 1,067,746 shares of the company in the first quarter.



  • Mr. Market Is Way Far Off On Wayfair

    I've been really intrigued by Wayfair (W) recently.

    It started with the purchase of a sleeper sofa last year.


  • Joel Greenblatt Reveals the Secret to Investing Success

    Do you know who Joel Greenblatt (Trades, Portfolio) is?

    If you don’t follow the investing industry, there’s a big chance you don’t know who he is. But if you want to become a better investor, he’s definitely someone you need to learn about.


  • Gap May Be Poised for a Comeback

    Gap (NYSE:GPS) is one of the most iconic American brands and still has a solid economic moat. The company has been downsizing and closing stores, making room for cash to be deployed into higher-profit channels like ecommerce.

    It ended the first quarter with 3,794 company-operated and franchise store locations with almost 38 million square feet of retail space covering well-known brands like Banana Republic, Old Navy, Athleta, Gap and Gap Kids.


  • Bearish Sentiment in Becton Dickinson's Stock

    Becton Dickinson & Co. (NYSE:BDX) is a $33.87 billion market cap company that provides a broad range of medical devices and diagnostic products used in hospitals, doctors' offices, research labs and other settings.

    The med-company is trading at $159.55. Analysts have a consensus $163.53 price target on the stock. Yahoo! (NASDAQ:YHOO) Finance estimates a one-year target share price at $166.9. Also, investors will be paid a dividend of $2.64 at the end of the year. The dividend yield is 1.65%, which tries to protect the purchasing power. Dividend investors often pay attention to the track record of dividends payments and favorable expectations regarding dividend growth for the next year. This company has paid dividends since 1926; during the past 13 years, the highest yield was 2.44%, the lowest was 1.05%, and the median was 1.77%. Now it is close to a five-year low.


  • It's Time to Sell Joy Global

    Don’t believe the analyst hype. Despite both BofA Merrill Lynch and Goldman Sachs upgrading Joy Global (NYSE:JOY) stock in recent weeks, the long-term outlook for the coal industry is bleak. It might not go to zero, but its size and use as an energy source is dwindling.

    The company’s new initiatives direct service, hard rock and industrial minerals, reduced capacity, inventory reductions, share buybacks, new product development and high-growth markets may prove effective but in the end will likely fail to produce value for shareholders.


  • On Diversification

    On Diversification​The age-old question of exactly how many stocks to hold is likely never going to be definitively answered. There are entire books, even courses, on the subject after all. Since portfolio construction is more of an art than a science, in this post I want to break down relevant studies, examine historical data and analyze some of the best investors in an attempt to come up with the optimal strategy. As always, please share your comments and thoughts below!

    Talking points


  • Growing EPS for Viacom, Western Digital, Fossil

    Companies with growing EPS are often a good investment as they can return a very good profit to investors. Here is a selection of the most undervalued companies, according to the DCF calculator, that have a five-year growing EPS.

    Earnings per share of Waddell & Reed Financial Inc. (WDR) grew by 14% over the last five years; according to the DCF calculator, the stock, at the price of $22.41, is undervalued and trading with a margin of safety of 70%.


  • Undervalued Stocks With Wide Margin of Safety

    The following stocks are trading with a wide margin of safety according to the DCF calculator, and some of them have a very low P/E ratio. GuruFocus' All-in-One Screener can be used to find similar stocks. 

    D.R. Horton Inc. (DHI) has a market cap of $11.67 billion and a GuruFocus’ business predictability rating of 1 star. The stock has a price of $31.6 with a forward P/E ratio of 12.30, and according to the DCF calculator is trading with a margin of safety of 43%. During the last 12 months, the price of the stock has risen by 10% and is now 4.53% below its 52-week high.


  • General Motors Among Undervalued and Low PE Stocks

    The following stocks are trading with low P/E ratios. Most of the companies are greatly undervalued, according to the DCF calculator.

    Visteon Corp. (VC) is trading with a P/E ratio of 1.5. According to the DCF calculator, the stock has a fair value of $16.48; it was trading at $76.83 Wednesday. That means it is overpriced by 361%. The price has dropped by 21% during the last 12 months and is now 37.56% below its 52-week high and 29.12% above its 52-week low.


  • Dividend and Value Opportunities in the Large-Cap Pharmaceutical Space

    The health care sector and in particular pharmaceutical companies have underperformed recently. The chart below shows the performance of the health care sector (as represented by the XLV ETF) versus the Standard & Poor's 500 for the beginning of 2016.


  • Undervalued Companies With Growing EPS

    Companies with growing EPS are often a good investment as they can return a very good profit to investors. Here is a selection of the most undervalued companies according to the DCF calculator that have a five-year growing EPS.

    Atwood Oceanics Inc. (ATW) EPS grew by 11% over the last five years and according to the DCF calculator, the stock is undervalued and is trading with a margin of safety of 95%.


  • Stocks Reach 5-year Lows

    According to GuruFocus' list of five-year lows, these guru stocks have reached their five-year lows: Blucora Inc. (NASDAQ:BCOR), SeaChange International Inc. (NASDAQ:SEAC), Harte-Hanks Inc. (NYSE:HHS) and Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR).

    Blucora reached $4.96


  • Finding the Best Stocks to Invest In

    It takes time to find great investment ideas.

    I know I have to pass on at least eight ideas before two become research worthy, but it still doesn't guarantee that those two ideas are investment worthy.


  • Where Are Super Investors Shopping for Bargains?

    GuruFocus offers a lot of screens and tools I find highly useful and interesting for coming up with short lists of companies to look at.

    Frequently I go over the Aggregate Industry Trend screener. It allows you to quickly see in which industries value investing gurus like Joel Greenblatt(Trades, Portfolio), Richard Pzena (Trades, Portfolio), Andreas Halvorsen (Trades, Portfolio) and more than 150 others are putting their money to work and from where they are running as fast as possible. I also went through this exercise last month, and the differences are interesting as well.


  • Insiders Roundup: Theravance Biopharma, Western Gas, Upland Software

    The All-in-One Screener can be used to find insider buys and sells 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 "March 2016."

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


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