Murray Stahl

Murray Stahl

Last Update: 04-15-2016

Number of Stocks: 524
Number of New Stocks: 36

Total Value: $4,009 Mil
Q/Q Turnover: 2%

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

Murray Stahl Watch

  • Growing EPS With Wide Margins of Safety

    Companies with growing EPS are often a good investment as they can return a 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 AmTrust Financial Services Inc. (AFSI) grew by 27% over the last five years;  according to the DCF calculator, the stock at the price of $26.57 is undervalued and is trading with a margin of safety of 62%.

      


  • Stanley Druckenmiller's Latest Moves Reveal Bearish Outlook

    Stanley Druckenmiller (Trades, Portfolio)'s recent portfolio changes, as tracked by GuruFocus, offer an interesting peek into the world views of the prolific macro trader.


    druckenmiller.jpg

      


  • Altisource Portfolio Solutions CEO Invests in Company

    William Shepro (Insider Trades), CEO of Altisource Portfolio Solutions SA (ASPS), purchased 1,700 company shares on May 2.


    The price per share was $29.27 for a total transaction of $49,759. Altisource Portfolio Solutions is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The company has a market cap of $550.50 million and a P/S ratio of 0.55.

      


  • Stocks Murray Stahl Bought for Past 2 Quarters

    Murray Stahl (Trades, Portfolio) is the chairman of Horizon Asset Management. He is also director of Research and co-portfolio manager of the Small Cap Opportunities Fund and the Paradigm Fund. The following are the companies the investor has been buying for at least the last two quarters.


    Bank of America Corporation (BAC)

      


  • Murray Stahl Adds to Stake in Texas Pacific Land Trust

    Guru Murray Stahl (Trades, Portfolio) is a Brooklyn College graduate with over 30 years of investment experience. In 1978, shortly after he graduated from Brooklyn College, he began his investment career at Bankers Trust, where he spent the next 16 years as the firm's portfolio manager. In 1994, Stahl founded Horizon Kinetics, an investment firm that focuses on long term investing, by using the power of compounding.


    In the first quarter of 2016, Stahl added 30,441 shares of Texas Pacific Land Trust (NYSE:TPL).

      


  • Murray Stahl Buys Exxon, Suncor in 1st Quarter

    Murray Stahl (Trades, Portfolio) is the chairman of Horizon Asset Management Inc. During the first quarter he bought shares in many stocks, and the following are his most heavily weighted trades:


    Stahl raised his stake in Silver Wheaton Corp. (SLW) by 35.19% with an impact of 0.58% on the portfolio.

      


  • Murray Stahl Talks Investments Made Through FRMO

    Guru Murray Stahl (Trades, Portfolio) is the CEO and chairman of FRMO Corp. (FRMO). Together with CFO Steven Bregman, they report on the investments made through FRMO on a quarterly basis. There is no transcript available yet for the most recent call, but you can listen to the archived call.


    The call can be a little bit chaotic if you are a new shareholder, but they are absolutely worth listening too. Stahl and Bregman are full of valuable insights into the markets and readily share wisdom related to their unconventional approach to value investing.

      


  • Murray Stahl Trims Stakes in Liberty Interactive Stock Components

    The first quarter was a rough one for investors, many of whom reduced stakes or sold them entirely. Guru Murray Stahl (Trades, Portfolio) of Horizon Kinetics was no different; he bought some stakes and added to some, but most of his significant deals involved reductions of existing stakes in his portfolio.


    Stahl sold portions of nearly 300 stakes in the first quarter. Here are some of his most high-profile reductions.

      


  • Carl Icahn Increases Position in Icahn Enterprises

    Carl Icahn (Trades, Portfolio), the leading guru shareholder and board chairman of Icahn Enterprises (NASDAQ:IEP), increased his position in the conglomerate by more than 2% on April 14.


    That may not sound like a sizable percentage, and it wouldn’t be for garden-variety investors, but 2% means a lot more when the stake is the size of Icahn’s. The guru acquired 2,771,575 shares, which is fewer than 1 million shares shy of the entire stake held by Icahn Enterprise’s second-leading shareholder among the gurus, Murray Stahl (Trades, Portfolio). Stahl’s stake is 3,507,276 shares.

      


  • Murray Stahl Boosts Silver Wheaton Position

    Guru Murray Stahl (TradesPortfolio) added 1,403,749 shares to his stake in Silver Wheaton Corp. (NYSE:SLW) in the first quarter.


    Silver Wheaton was incorporated on Aug. 23, 1994, and is engaged in the sale of silver and gold. The company is the largest precious metal streaming company in the world today. The company has agreements for 22 operating mines and seven development-stage projects. Silver Wheaton looks to provide value for investors by providing a dividend yield, participation in the exploration success of the mines underlying its current agreements and additional growth through the acquisition of new streams that can potentially provide future growth and profit.

      


  • 7 High Quality Guru Stocks

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


    Jarden Corp. (JAH)

      


  • Carl Icahn Buys Pep Boys, Xerox

    Carl Icahn (Trades, Portfolio) is an activist investor. He takes minority stakes in public companies and typically pushes for change. He buys beaten-down assets that nobody else wants, usually out of bankruptcy, then fixes them up and sells them when they are back in favor. The real-time picks of the first quarter of the year, according to GuruFocus' Real Time updates, are the following:


    He raised his stake in Rentech Nitrogen Partners LP (RNF) by 1.72%. The deal had an impact of 0.01% on the portfolio.

      


  • Strong Reasons for Long-Term Bet in Wells Fargo

    Let's take a look at Wells Fargo & Co. (NYSE:WFC) and try to explain if this is an appealing investment opportunity when shares of the company are trading 10% above its 52-week low. Shares of the firm closed yesterday at $48.72, amassing a year-to-date loss of 9.1%.


    Wells Fargo has assets of $1.8 trillion as of Dec. 31, and it is the fourth-largest bank in the U.S. The bank has several businesses such as banking, insurance, investment, mortgage and consumer. Wells Fargo has a dominant position and is the largest deposit institution. As a matter of fact, it can achieve faster growth in its loans based on them. The activity is done in several branches, where the company focuses on small formats. Moreover, the bank is well-positioned after the Fed has hiked the interest rate because the bank has a lower interest rate risk profile.

      


  • Murray Stahl Reduces More Than 300 Stakes in 4th Quarter

    Murray Stahl (Trades, Portfolio), chairman of Horizon Asset Management Inc., reduced more than 300 existing stakes in his portfolio in the fourth quarter. Most of the guru’s reductions were modest, but some were substantial.


    Stahl’s most significant fourth-quarter reduction was the sale of more than 22% of his stake in Jarden Corp. (NYSE:JAH), a consumer goods company. Stahl sold 881,442 shares for an average price of $50.18 per share in a deal that had a -0.78% impact on Stahl’s portfolio.

      


  • Widely Undervalued Stocks Trading Below Peter Lynch Value

    According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with a wide margin of safety, and at least five gurus are shareholders.


    AutoNation Inc. (AN) is trading at about $48 per share, and the Peter Lynch value gives the stock a fair price of $87.65, giving a margin of safety of 45%. It is trading with a PE ratio of 11.90, higher than 59% of companies in the Global Auto & Truck Dealerships industry, and is currently 28.98% below its 52-week high and 18.52% above its 52-week low.

      


  • 3 Investment Opportunities Insiders and Gurus Are Buying

    GuruFocus has various tools and screeners available to make the quest for your next great investment a little bit more efficient.


    A tool of which I am fond is the Double Buy screen. By employing it you can easily screen a list of stocks that have been double tapped by both gurus and insiders. Both types of events tend to trigger my interest, but when they occur simultaneously it is time to pay close attention. I regularly review the list, and these are currently the top three stocks that come up on the screen:

      


  • Horizon Kinetics 4th Quarter Commentary - Part 2

    Horizon Kinetics - And Where Do We Go From Here?



    A natural question relates to the ETF flow of funds into the largest and most liquid companies: why shouldn’t that continue? Here, we get back to the business of Wall Street.

      


  • Horizon Kinetics 4th Quarter Commentary - Part 1

    An Important Time


    This review has double significance. One wants, of course, to review the past year: how we are invested and what the next 12 months might bring. However, this is also a moment in the longer sweep of time when investors are well advised to take pause and be particularly thoughtful about how their long-term financial assets are positioned. Because the financial markets now have all of the earmarks of a serious change in valuation – not a good one. First we’ll briefly cover the factors that brought the stock market to this juncture, what stock valuations really look like, what can happen if our concerns are borne out, and what might make it happen. Then, how we are adjusting our investment posture, some examples of what we continue to own and why, and of what else we might wish to own when the time is right – because we think those opportunities will be extraordinary. Also: opportunities in non-traditional income producing securities, because it’s starting to become that time again.

      


  • Horizon Kinetics' Annual Letter

    Dear Valued Partners,


    In 2015, Horizon Kinetics continued to observe evidence of the impact of indexation as the primary investment modality. At the risk of sounding like a broken record, we can’t help but share yet another data point illustrating the valuation dichotomy created by the ETF divide, which to our knowledge is unprecedented, at least in our three-plus decades of investing experience.

      


  • Murray Stahl Sees Momentum Bubble in Market Commentary

    Murray Stahl (Trades, Portfolio) of Horizon Kinetics just came out with another market commentary and calls a momentum bubble. It is the second in his series: Under The Hood. I have also discussed the first one on GuruFocus.


    I follow Stahl's writing like a hawk as it is always extremely interesting, often actionable and incredibly concise and clear. It doesn’t appear as if he is talking about his own book, but that could be because his holdings are quite differentiated. In this "Under The Hood" series, Stahl takes aim at the ETF industry. This is a great example of his integrity as Horizon Kinetics, which is critical to his wealth, actually manages several ETFs. Stahl has refused to jump on the bandwagon of selling every ETF that can be sold based on back tested positive results, but instead exploits a number of niche ETFs built around interesting and sustainable ideas, like the wealth indexes.

      


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