Joel Greenblatt

Joel Greenblatt

Last Update: 02-14-2017

Number of Stocks: 926
Number of New Stocks: 237

Total Value: $7,757 Mil
Q/Q Turnover: 33%

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

Joel Greenblatt Watch

  • A Conversation Between Two Value Investing Legends – Joel Greenblatt and Howard Marks

    There was an unusual number of successful value investors to come out of the Wharton Business School in the late 1970s.


    Joel Greenblatt was one of those.

      


  • Weekly CEO Buys Highlight: Prospect Capital, Sears Holdings, Calamos Asset Management, Opko Health, FS Investment

    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:


    Prospect Capital: CEO John F. Barry bought 2,805,500 shares

      


  • RS Investment Increases Holdings in Ulta Salon, Noble Energy and Fortune Brands

    Ulta Salon Cosmetics & Fragrances (NASDAQ:ULTA), Noble Energy (NYSE:NBL) and Fortune Brands Home & Security (NYSE:FBHS) saw huge increases in RS Investment Management's portfolio during the third quarter.


    RS Investment is a privately held subsidiary of Guardian Investor Services LLC, a wholly owned subsidiary of The Guardian Life Insurance Company of America, a mutual insurer with a 153-year history. It invests in public equity and fixed income markets across the world, as well as both growth and value stocks.

      


  • 'Tis the Season

    Clothing, both formal and casual, is always a popular choice for Christmas gift giving.


    If I didn’t know that before, I certainly learned it when I was with a sportswear trade magazine, and the staff put together Christmas-themed issues with photos of clothing being sold across the globe. The first time I worked on such an issue, I was constantly amazed by the variety of clothing that was available.

      


  • Robert Karr Buys GrubHub, Alibaba and 3 Other Stocks in 3rd Quarter

    Robert Karr (Trades, Portfolio), the founder of Joho Capital and one of the Tiger Cubs, manages a $349 million portfolio composed of 11 stocks; during the third quarter he closed 12 trades and just five of them were buys.


    He increased his stake in GrubHub Inc. (GRUB) by 65.35% with an impact of 8.66% on the portfolio. The current stake is 21.92% of his total assets and 3.70% of the company’s outstanding shares.

      


  • Mattress Firm's Stock Plummets After Beating Estimates

    Mattress Firm Holding Corp (NASDAQ:MFRM) operates as a specialty retailer of mattresses and related products and accessories in the U.S. Shares of the company tumbled almost 5% in Monday’s trading after reporting better-than-expected earnings for its fiscal third quarter ended Nov. 3.


    Earnings per share increased by 48% to 67 cents per share compared to 45 cents per share in the same period the year before. Excluding special items, the adjusted earnings came in at 82 cents per share, beating estimates by 1 cent. Further, revenue rose 50.7% year-over-year to $699.5 million and beats by $38.87 million, due to incremental sales from acquired and new stores, and comparable-store sales growth of 3.8%.

      


  • Donald Smith Increases Stakes in Citigroup and Alamos Gold

    Donald G. Smith is the CIO of Donald Smith (Trades, Portfolio) & Co., a registered investment adviser specializing in managing value equity accounts for tax-exempt and taxable funds, and high net worth individuals. The firm was formed in 1975 as Home Portfolio Advisors Inc.


    Smith’s portfolio has 77 stocks. The following are his most weighted buys.

      


  • 3 Gurus Add Beauty to Portfolio With Regis Corp.

    After getting a haircut today and thinking about beauty salons, I decided to research Regis Corporation (NYSE:RGS),  which is the largest hair salon chain in the world with over 10,000 salons.


    Some of the company's brands and salons include City Looks, Famous Hair, Best Cuts, Saturday’s, HCUK, Supercuts, Pro-Cuts, Hair Crafters, Magicuts, Mastercuts, Borics Hair, Hair by Stewarts, SmartStyle, Cost and Vidal Sassoon.

      


  • Medtronic Continues to Report Solid Numbers

    Medtronic PLC (NYSE:MDT) is a global medical device manufacturer that has leadership positions in the pacemaker, defibrillator, orthopedic, diabetes management and other medical markets. Shares of the company were volatile in Thursday’s trading after reporting better-than-expected earnings for its fiscal second quarter of the fiscal year 2016.


    Beats estimates by 3 cents, revenue in line

      


  • Insiders Sell Twitter and Cannabis Science, Buy DSW and WhiteHorse

    The All-In-One Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying/All Insider Selling to “$1,000,000+” and duration to "November 2015" and “December 2015.”


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

      


  • With U.S. Equities Remaining Bullish, How Do You Invest in Gold?

    The U.S. Federal Reserve is widely expected to increase interest rates in the near future as the country’s economic prospects continue to show promise. This has been the story for the last 12 months after ending the quantitative easing program in Q3 last year.


    The U.S. economy has been on a recovery trend since 2011 in the aftermath of the 2008 and 2009 global financial crises. This is illustrated by the nature in which U.S. equities have rallied over the last four years. While there have been dips and rebounds along the way, the overall trend has remained bullish to date as investors continue to be optimistic with regard to the country’s current economic condition.

      


  • A Look at Most Recent Insider Trades

    The All-In-One Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying/All Insider Selling to “$1,000,000+” and duration to "November 2015."


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

      


  • Now Is Definitely the Time to Buy Whole Foods

    Whole Foods Market (NASDAQ:WFM) has been called "whole paycheck" and a recent pricing study by Bloomberg Intelligence indicates Whole Foods Market is more expensive than Trader Joe’s but less expensive than smaller rival The Fresh Market (NASDAQ:TFM). Thanksgiving Day menu items at Whole Foods were 22% higher than Trader Joe's but 15% less than The Fresh Market


    Either way, customers are truly raving fans of Whole Foods Market. The company is the largest retailer of natural and organic foods in the U.S. and besides a five-star rating on GuruFocus and seven good signs, Joel Greenblatt (Trades, Portfolio) is the only guru with a sizeable position. He owns 1,664,348 shares. I can envision many others coming on early in 2016, especially at this value.

      


  • 'Alcoa's Transformation Is Paying Off' Presentation

    GuruFocus recently published an article bringing to my attention that a number of well-known investors like Seth Klarman (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), and Paul Singer (Trades, Portfolio) have recently purchased shares of aluminum company Alcoa (NYSE:AA).


    I found the video below to be extremely helpful in giving a great overview of the company. It's a presentation titled "Alcoa's Transformation is Paying Off," given by CEO Klaus Kleinfeld. The video was published in May 2014. Readers should keep in mind that Alcoa's stock price has dropped from ~$13 per share at the time of the presentation to today's current price of $9.41 per share largely due to the drop in aluminum prices.

      


  • 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. 

      


  • These 6 Bargain Stocks Are Still in Play

    Over the last six months, I’ve written more than 40 articles for GuruFocus. In this business, you have to take the good with the bad, especially in the performance column. With that in mind, I’ve gone back over my articles and found these stocks are even better bargains now than they were at publication.


    I believe in dollar cost averaging, or in this case dollar down averaging, as long as the underlying company is fundamentally rock solid and its stock still has the same upside potential from my original price point.

      


  • 5-Year Lows: Loral Space & Communications, Allegheny Technologies, Alliance Resource Partners LP, United States Steel

    According to GuruFocus' list of five-year lows, these guru stocks have reached their historical low prices: Loral Space & Communications Inc., Allegheny Technologies Inc., Alliance Resource Partners LP and United States Steel Corp.


    Loral Space & Communications Inc. (NASDAQ:LORL) reached $43.76

      


  • Why ValueAct Capital Is Buying Towers Watson

    ValueAct is led by guru Jeff Ubben (Trades, Portfolio) and acquires large stakes in companies to gain board seats and influence management. The firm tends to take a constructive and cooperative approach instead of the more confrontational style exemplified by Carl Icahn. Just like other activists it does try to find companies that have performed poorly with fixable problems.


    It can be interesting to buy into the companies they target when they are just getting on board because you may be able to profit from their campaign for change. Its latest target is Towers Watson & Co. (NASDAQ:TW). It is a professional services company that helps organizations with risk and financial management, offers solutions to manage employee benefits, talent management, rewards, risk and capital management and health care exchanges for retirees and active employees. Clients include 92% of Fortune 500 companies and 84% of the Fortune 1000. Towers Watson also advises insurance companies.

      


  • Buckle's Fair Value Is at Least 50% Higher

    The billion-dollar brand, Buckle (NYSE:BKE) has seen its stock price drop from $50 down to $30.54 since April. Now trading at a year low, it looks like a bargain that could produce between 10% and 12% through the next decade. Few guru investors have taken notice, with the largest position going to Joel Greenblatt (Trades, Portfolio) with 207,707 shares.


      


  • Joel Greenblatt Swings for the Fences With These 2 Additions

    Value investor Joel Greenblatt (Trades, Portfolio) started to follow Benjamin Graham during his junior year at Wharton College. After he read an investment article written by Graham his entire life changed. “As soon as I read that article, I said, 'Ah, this makes sense to me,' and I started to read everything that he wrote, and I started to really look at the world through a different lens.” He then goes on to describe what he really learned from Graham was figuring out what a company was worth and then paying a lot less for it.


    Greenblatt started a hedge fund, Gotham Capital, with $7 million in 1985. Below is a YouTube interview with Joel Greenblatt (Trades, Portfolio) and Howard Marks (Trades, Portfolio).

      


  • Not Even a 21% Dividend Hike Justifies Prudential's High Price

    Prudential Financial Inc. (NYSE:PRU) has raised its quarterly dividend to 70 cents per share. This way, the stock yields 3.32% if the share price stays at current levels ($85.65). However, thanks to GuruFocus we can find that dividend yield is ranked lower than 69% of the 107 Companies in the Global Insurance - Life industry. A simple question arises: Is it worth it?


    What makes possible the dividend hike is the solid financial position, and we expect it to use excess capital to continue repurchase shares and for dividend payments. We should note that Prudential has a history of deploying capital through share repurchases, dividend as well as acquisitions.

      


  • Finding Undervalued Industrial Stocks in the U.S. With the All-In-One Screener

    There is a general perception that investing in stocks is all about the products and services that companies provide. That, of course, is true but not exclusively. It is also true that investing is about the companies whose products and services contribute to other companies’ success.


    For example, a company may manufacture and sell recreational clothing, but other companies are behind the fabrics, inks, dyes and other materials that make the final products possible. Still other companies are involved in the transportation and distribution of those products.

      


  • Joel Greenblatt – The Magic Superinvestor

    Sir Isaac Newton once said, “If I have seen further than others, it is by standing upon the shoulders of giants.”


    This is the first in a series profiling superinvestors who have had an impact on the value investing world. Up first is Joel Greenblatt (Trades, Portfolio), the mastermind behind the simple and effective magic formula, holder of one of the best 10-year investment records at 40% to 50% CAGR.

      


  • The Story Every Investor Should Know About GoPro

    GoPro (NASDAQ:GPRO) is a company with $1.82 billion in sales and is a manufacturer of Action Cameras, Smart Remotes, Tripods and accessories. Its cameras are shipped to 200-plus countries worldwide. The company's products started with the GoPro Hero 35mm all-season sports camera, first sold in 2005. GoPros are now sold in 15,000 retail stores and 80 countries worldwide.


    The company is currently popular with active individuals who love it for its ability to help them record and share their most meaningful experiences. The company has been growing 43% quarter over quarter and has expanded into markets such as Brazil and Munich. Investors such as Joel Greenblatt (Trades, Portfolio) have bought or sold stock in the company. Greenblatt started buying shares in the company in 2014.

      


  • Tweedy, Browne Net Net Stock Darling Shinko Shoji Now Up 49%

    Tweedy, Brown net net darling Shinko Shoji is now up 49% from Net Net Hunter's initial review of the company in July of 2014.

    Last month it came out that legendary value investment firm Tweedy, Browne had added the electronics manufacturer to its portfolio. At the time of the disclosure, Tweedy Browne (Trades, Portfolio) owned 1.77% of the firm's outstanding shares.  


  • Is Strayer Education a Buy in the For-Profit College Industry?

    Strayer Education (NASDAQ:STRA) manages for-profit colleges. It reported third-quarter results last week, and the stock has dropped 9% to $53 per share. Strayer University was founded in 1892 and currently has approximately 80 physical campuses (see campus locations below). The company offers undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, public administration and criminal justice. Strayer University also offers an executive MBA online through the Jack Welch Management Institute.


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  • CFO of Actuant Corp. Buys 24,900 Shares of Company

    Andrew Lampereur (Insider Trades), executive vice president and CFO of Actuant Corp. (ATU), bought 24,900 shares of the company on Oct. 27. The average price per share was $21.75 for a total transaction cost of $541,575. Actuant is a diversified industrial company that serves customers in more than 30 countries. The company serves a variety of niche markets including branded hydraulic tools and solutions, specialized products and services for energy markets, and highly engineered position and motion control systems. Actuant has a market cap of $1.35 billion and a P/S ratio of 1.05.


    From 2012 to 2015, ATU insider sales decreased in number and volume, while ATU insider buys increased in volume. There were 18 insider sales of the company in 2012, totaling 1,166,310 shares; in comparison, there was only one insider sale of 5,117 shares so far this year. The number of ATU insider buys ranged from three to five during this time, but increased from a total of 10,417 shares to 72,176 shares.

      


  • CFO of Arctic Cat Buys 4,000 Shares of Company Stock

    Christopher Eperjesy (Insider Trades), CFO of Arctic Cat Inc. (ACAT), bought 4,000 shares of the company on Oct. 23. The average price per share was $18.05, for a total transaction of $72,200.


    Arctic Cat engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles, as well as related parts, garments and accessories under the Arctic Cat and Motorfist brand names. The company has a market cap of $267.48 million and a P/S ratio of 0.40.

      


  • Gap Inc. Has 50% Upside Potential

    Gap Inc. (NYSE:GPS), the iconic American brand, has experienced a very rough patch in 2015, starting the year at $42 and currently trading down 35%, under $27 per share.


    Guru investors Edward Lampert (Trades, Portfolio) (2,057,403 shares), James Barrow (Trades, Portfolio) (2,206,049 shares), and Joel Greenblatt (Trades, Portfolio) (1,022,286 shares) all own small pieces of the company. Yet, looking at the stock on a short-term basis, the financial data tells a very depressing story. Revenue growth is below the company’s five- and 10-year averages and EPS, cash flow and book value growth are all negative in the last 12 months.

      


  • Should You Be Bullish or Bearish on Mattel?

    Mattel (NASDAQ:MAT) reported Q3 2015 results yesterday and missed expectations. Revenue of $1.79 billion missed analyst estimates of $1.89 billion. Net income came in at $223.8 million and an EPS of 71 cents per share, compared to analyst expectations of 79 cents per share. Today, Oppenheimer released an optimistic note on the company and shares rallied 6% to close at $23.89 per share. Mattel is one of the world’s largest toy makers and sells popular brands such as Barbie, Hot Wheels, Monster High, American Girl, Thomas & Friends, Fisher-Price and Mega Brands.


    Non-GAAP results below

      


  • A Look at Recent Insider Trades

    The All-In-One Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying/All Insider Selling to “$1,000,000+” and duration to "October 2015."


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

      


  • Guru Stocks at 52-Week Lows: Walmart, VMWare, Intuitive Surgical, Macy's, Nordstrom

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


    Walmart Stores Inc. reached the 52-week low of $59.33

      


  • Cantel Medical Corp. Insider Sells Shares

    Andrew Krakauer (Insider Trades), CEO of Cantel Medical Corp. (CMN), sold 22,981 shares of the company on Oct. 14. The per share was $54.22 for a total transaction of $1,246,030. Cantel Medical Corp. delivers infection prevention and control product and services for patients, caregivers, and other healthcare providers, which improve outcomes, enhance safety and help save lives. The company has a market cap of $2.23 billion and a P/S ratio of 4.02.


    The number of insider sells ranged from 14 to 19 during 2012 to 2015. The volume of insider buys decreased by about 60% during the same period of time. There were 18 insider sells with the company in 2012, totaling 682,227 shares. In comparison, there were 19 insider sells of CMN totaling 210,821 shares in 2015. The month end price increased about three-fold during this time. 1444929791979.png 1444929802730.png Krakauer sold 384,925 shares of the company in 11 transactions since April 2010. The value increased about 800% since the sell. Director Ann Berman (Insider Trades) also sold 2,462 shares of the company on Oct. 5. The average price per share was $56.67. Additionally, CMN Chairman and 10% owner, Charles Diker (Insider Trades), also sold 27,415 shares three days before Berman. The average price per share was $56.24. For more information about insider transaction with the company, click here.

      


  • Joel Greenblatt Sells Johnson & Johnson, Flowserve

    Joel Greenblatt (Trades, Portfolio) is the founder and managing partner of Gotham Asset Management LLC, which offers four diversified long/short equity mutual funds.


    Greenblatt manages a portfolio composed of 915 stocks with a total value of $11.9 billion. During the last quarter, he traded more than 1,000 stocks and the following are the largest based on the impact on his portfolio.

      


  • September Performance Matches Historically Bad Month for Market

    September has historically been a tough month for the market, and this past month was no exception. In particular, the last day of the month is often one of the worst days of the year for the market. According to research from Bespoke, the Standard & Poor's 500 has only had positive returns 38% of the time on Sept. 30 dating back to 1945.


    For the last week of September, the S&P 500 was down 2.3%, the second-worst week of the year so far since the August selloff. CNBC reported that the global markets were set to post their worst quarterly performance since 2011, with the Shanghai Composite as the lowest performer, with a 25% loss.

      


  • Guru Stocks at 52-Week Lows

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


    Baxter International Inc. reached the 52-week low of $33.30

      


  • Joel Greenblatt - Current Market Volatility: A Return to an Appreciation for Risk

    After roughly tripling over the last 6 years and with no substantial corrections over the last 4, most market indexes fell approximately 6% in August. However, the more important development for most market participants may end up being the return to an appreciation for risk. After such a long bull run, at the end of July we wrote the following in our Second Quarter letter to investors:


      



  • Activist Hedge Fund Manager Edward Lampert Increases Stake in Lands’ End

    Edward S. Lampert of Sears Holding (NASDAQ:SHLD) disclosed on Sept. 25 that he increased his stake in Lands’ End Inc. (NASDAQ:LE) by purchasing an additional 299,878 shares.


    After the transactions, the trader held 9.03 million shares. The stock has dropped 35.65% over the past year and traded around $26.84 per share Monday morning, which was near its June 2014 price.

      


  • A Look at Joel Greenblatt's Investment in Automatic Data Processing

    During the second quarter, Joel Greenblatt (Trades, Portfolio) increased his stake in Automatic Data Processing Inc. (ADP) by 6,692.15% with an impact of 0.34% on his portfolio. He is now the company's fourth-largest shareholder with 524,626 shares, which is 0.11% of the company's outstanding shares.


    The company

      


  • 5-Year Lows: Consol Energy Inc., QEP Resources Inc., Hancock Holding Co., Patterson-UTI Energy Inc.

    According to the GuruFocus list of five-year lows, these guru stocks have reached their five-year lows: Consol Energy Inc., QEP Resources Inc., Hancock Holding Co. and Patterson-UTI Energy Inc.


    Consol Energy Inc. (NYSE:CNX) reached $10.44

      


  • Ray Dalio Buys Chipotle Mexican Grill and Foot Locker in Q2

    Ray Dalio (Trades, Portfolio) founded Greenwich, Connecticut-based hedge fund Bridgewater Associates in 1975. As of the second quarter, it had more than $165 billion under management. Throughout its 40-year history, Bridgewater has been recognized as a top-performing manager and an industry innovator. Bridgewater was one of the few firms to have positive performance during the 2008 financial crisis. Dalio's second-quarter portfolio was composed of 308 stocks with a total value of $10.83 billion, and the below listed trades were the most weighted buys during the quarter.


    Dalio increased by 310% his stake in Chipotle Mexican Grill Inc. (CMG) with an impact of 0.12% on his portfolio.

      


  • Bed Bath & Beyond Worth a Look as It Trades Near 52-Week Lows

    Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported Q2 2015 results Thursday of $2.99 billion in revenue and $1.21 in earnings per share. EPS met estimates, but revenue missed expectations by $40 million. Shares of Bed Bath & Beyond closed Friday near their 52-week low of $59 per share, down almost 22% year to date.


    Company

      


  • Dillards Is Worth Investigating After Falling 36%

    Dillards (NYSE:DDS) is a clothing retailer that also sells cosmetics, fashion accessories and home furnishings. It operates 297 stores in 29 states, primarily in the Southwest, Southeast, and Midwest regions of the United States along with an online store. The stock has recently fallen 36% from its high of $141/share to the current price of $90/share.


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  • Barnes & Noble, Pier 1 Among the Most Popular Small-Caps

    Though small-cap stocks present more risks and volatility for investors, it also offers arguably the largest possible returns and chance for a “ten-bagger.” With the advantage of flying under the radar, small-cap investors can be shielded from constant analyst coverage and institutional investors.


    Small-cap stocks are generally defined as having a capitalization between $300 million and $2 billion. Using the All-In-One Screener, the following five stocks are the most widely held small-caps among the gurus as of the second quarter.

      


  • Five-Year Lows: Hatteras Financial, Apollo Investment, Navistar International and Potlatch

    According to GuruFocus list of five-year lows, these Guru stocks have reached their five-year low prices: Hatteras Financial Corp., Apollo Investment Corp., Navistar International Corp. and Potlatch Corp.


    Hatteras Financial Corp. (NYSE:HTS) reached $16.20

      


  • Joel Greenblatt Increases His Position in Dick’s Sporting Goods

    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 "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 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.

      


  • Procter and Gamble’s CFO on the Company’s Transformation

    In 2015 Procter & Gamble (NYSE:PG) reported total sales revenue of $76.3 billion. In recent quarters the company’s topline sales have been consistently struggling. In 2015 sales revenue grew at a rate of -5% following 1% revenue growth in 2014. In a discussion at the Barclays Global Consumer Staples Conference, Jon Moeller, Procter & Gamble’s chief financial officer, provided his insight on the firm’s transformation and direction.


    Current market environment

      


  • Joel Greenblatt Increases His Position in Cooper Tires

    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 (Trades, Portfolio): "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.

      


  • Five-Year Lows: Superior Energy Services, Corporate Office Properties Trust, Allegheny Technologies, Joy Global

    According to GuruFocus list of five-year lows, these Guru stocks have reached their five-year lows: Superior Energy Services, Corporate Office Properties Trust, Allegheny Technologies, and Joy Global.


    Superior Energy Services Inc. (NYSE:SPN) Reached $13.64

      


  • American International Group One of Most Weighted Buys in Q2 2015

    The hedge fund American International Group (NYSE:AIG) in its last quarterly 13F reported a total value of its portfolio of $25 billion, with an increase of 2.94% since the previous quarter. During Q2 2015, the firm bought 341 new stocks and increased 1,794 of its existing stakes. The following are the most heavily weighted buys during the quarter.


    It bought shares of Allergan PLC (AGN) with an impact of 0.20% on its portfolio.

      


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