Guru Michael Price is averaging a 12-month return of 72.41%
. As of the third quarter, his private firm, MFP Investors, has a portfolio of 88 stocks, 5 of them new, a total value at $752 million, with a quarter-over-quarter turnover of 8%. The portfolio is currently weighted with top three sectors: financial services at 33.3%, healthcare at 13% and energy at 12.4%.
Part of the billionaire exodus that left SFD behind, Price is one of 11 gurus that sold out Smithfield Foods Inc. in the third quarter, after making massive gains on it for years. In September, the global packaged food company was bought by Shuanghui International, a large stakeholder of China’s largest meat processor and largest publicly traded meat company, Henan Shuanghui Investment & Development Co. Continue Reading »