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

  • Papa John Schnatter Sells Papa John's in Insider Trade

    John Schnatter (Insider Trades), CEO, founder, chairman and 10% owner of Papa John’s International Inc. (NASDAQ:PZZA), sold 52,358 shares of the company on Oct. 12. The average price per share was $78.08 for a total transaction of $4,088,113. Papa John’s International is the third-largest pizza delivery company with a market cap of $2.87 billion.

    There is no clear linear increasing or decreasing trend in the number or volume of insider purchases made since 2013. In 2013, there were 11 insider sells totaling 99,636 shares of the company, and in the following year there were 7 insider sells totaling 87,584 shares. In 2015, the number of insider shares and total volume of insider shares sold rose to 16 transactions, totaling 609,661 shares. There have been 12 Papa John's insider sells, amounting to 384,647 shares sold, in 2016 to date. Schnetter sold 92.41% of total shares sold in 2016 to date in 9 transactions. For more information about insider trades with Papa John's, click here.


  • Create Your Own Shortlists With Greenblatt’s Magic Formula

    Do you have difficulty creating short lists of value stocks when you want to buy something new? Do you look for a reasonably systematic strategy when creating shortlists?

    In this article, we use Joel Greenblatt (Trades, Portfolio)’s Magic Formula to provide criteria for value stocks, and use the GuruFocus Magic Formula screener to reduce a universe of stocks into a manageable number.


  • CEO Phillip Frost Buys OPKO Health

    Phillip Frost (Insider Trades), CEO, chairman and 10% owner of OPKO Health Inc. (NASDAQ:OPK), purchased 24,800 shares of the company on Oct. 10. The average price per share was $9.82, for a total transaction of $243,536.

    OPKO Health is a health care company with a diagnostics business, Bio-Reference Laboratories, which is the third largest clinical laboratory with a core genetic testing business in the United States. OPKO Health has a market cap of $5.35 billion


  • Ford Is a Value Trap

    On the surface, Ford (NYSE:F) may look like a buy. Low price-earnings (P/E) ratio (5.8), decent margins, solid earnings and growth in book value make the stock pop up on a lot of value screens. In fact, big investors like Joel Greenblatt (Trades, Portfolio), Richard Pzena (Trades, Portfolio), Ken Fisher (Trades, Portfolio) and Diamond Hill Capital (Trades, Portfolio) all have sizable positions in Ford.

    After 2008, Ford was one of the few large companies that seemed to be on stable footing, especially in the auto industry. After a $30 billion decrease in revenue, the company has grown sales and regained profitability. Since 2009, Ford has earned over $55 billion after taxes, which is actually more than its current market capitalization.


  • Does Joel Greenblatt’s Magic Formula Have a Solution for Value Investors?

    When investment guru Joel Greenblatt (Trades, Portfolio) taught at an Ivy League college, he would welcome each new class with a request: Shout out the names of big, well-known public companies. After getting the names, Greenblatt would pull out a newspaper (yes, we depended on newspapers for that sort of thing in the not so distant past), then announce the current price, the 52-week low and the 52-week high for each of them.

    You may recognize Greenblatt’s name from GuruFocus and other investing sites. You’ll even find his name in a couple of places on the Summary page for every stock at GuruFocus—quite an honor! He is also the founder and managing partner of Gotham Asset Management LLC.


  • 10 Questions With Conference Speaker Dave Sather

    Dave Sather is the founder of Sather Financial Group, an asset management firm overseeing $400 million, based in Victoria, Texas, and a speaker at the 2017 GuruFocus Value Conference. He answers the questions below to introduce himself.

    1. How did you get into value investing?


  • 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 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).


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