Scott Black

Scott Black

Last Update: 05-13-2016

Number of Stocks: 93
Number of New Stocks: 10

Total Value: $166 Mil
Q/Q Turnover: 16%

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

Scott Black Watch

  • Companies With Strong Profitability, High Yield

    Using GuruFocus’ All-In-One Screener, I want to highlight stocks that have a growing dividend yield with sustainable payout ratio. This sustainability is confirmed by long term company profitability and a very strong financial situation.


    Magna International Inc. (MGA) has a dividend yield that during the last five years has grown by 35%. The yield is 2.24% with a payout ratio of 19%. The average ROA of the last five years has been 9.21% and ROE had an average performance of 16.97%.

      


  • Scott Black Takes Stake in Lennar Corp.

    Guru Scott Black (Trades, Portfolio) is a Portland, Maine native who has over 40 years of investment experience. Black graduated with from Johns Hopkins University in applied mathematics and economics. He later earned an MBA in finance at the Harvard Business School in 1971.


    After his service in the U.S. Army, Black founded Delphi Management Inc. in 1980. Delphi Management Inc is an investment firm that focuses on a value-based strategy driven by bottom-up research. Delphi Management currently owns 100 stocks with a total value of $100 million.

      


  • Scott Black Reduces Position in Berkshire Hathaway

    Scott Black (Trades, Portfolio), chairman, president, CIO and chief compliance officer at Delphi Management, made his most high-profile transactions in reductions of existing stakes in his portfolio in the fourth quarter.


    His most noteworthy transaction was the reduction by nearly 75% of his stake in Berkshire Hathaway (NYSE:BRK.B), Warren Buffett (Trades, Portfolio)’s Omaha, Nebraska-based conglomerate. Black sold 105,901 shares for an average price of $134.28 per share. The transaction had a -2.17% impact on Black’s portfolio.

      


  • Goodyear Tire Among Companies Trading With Very Low PE

    The following are companies with high and growing dividend yields that gurus are buying according to GuruFocus' All-in-One Screener.


    Goodyear Tire & Rubber Co. (GT) is trading with a P/E ratio of 2.90. According to the DCF calculator, the stock has a fair value of $14.34, while it is trading at about $11.77. That means it is overpriced by 152%. The price has risen by 12% during the last 12 months and is now 15.89% below its 52-week high and 19.24% above its 52-week low.

      


  • Stocks in the Spotlight

    Stocks ended down on Monday as they came under heavy pressure toward the end of the trading day. Stocks once again followed crude lower, which settled at $30 after finishing last week at $31.


    News is starting to get interesting for energy stocks as the reality of $30 starts to set in. For example, Halliburton presented "an enhanced set of proposed divestitures" to the U.S. Department of Justice earlier this month. Halliburton also laid off 4,000 workers last year in an effort to cut costs down. In Canada, where the cost to produce a barrel of crude is much higher, some producers are losing money on every barrel they sell. Companies operating in the Canadian Oil Sands include Canadian Natural Resources (NYSE:CNQ), Suncor Energy (NYSE:SU), to which Warren Buffett keeps adding, and Imperial Oil (IMO).

      


  • A Glance at Scott Black's 3rd-Quarter Divestitures

    A guru’s quarterly acquisitions always attract attention, and GuruFocus has examined Scott Black (Trades, Portfolio)’s acquisitions in the third quarter and his top picks for 2016, but there are lessons to be learned from an investor's divestitures. In the third quarter, Black sold 13 stakes.


    The most significant of Black’s third-quarter stakes sales was the divestiture of his 84,741-share stake in United Technologies Corp. (NYSE:UTX), a Hartford, Connecticut-based conglomerate, for an average price of $97.82 per share. The transaction had a -1.26% on Black’s portfolio.

      


  • 2 Stocks Super Investors Are Buying in Large Quantities

    GuruFocus provides tools and screens to look at 13-F filings in the aggregate and discover lots of information about the famous gurus of value investing. I used the aggregated portfolio tool to sort guru holdings on combined weighting percentage. Basically it shows us which stocks value investment gurus have allocated the most funds to.


    Since J. L. Kelly Jr. gave us the Kelly criterion in 1956, we know that means these are the highest conviction picks of these super investors. This is not quite true, however, because there are a few things messing up that logic. First, the U.S. tax code and long term capital gains tax and some stocks have multiple securities listed under different names.

      


  • Scott Black's 4 Stock Picks for 2016


    Guru Scott Black (Trades, Portfolio) of Delphi Management, Inc. just appeared on CNBC and talked about four of the fund's holdings. One: Apple (NASDAQ:AAPL) being a recent pick. Delphi Management pursues a proven, conservative investment strategy with a focus on fundamentals. It is rigorous with its quantitative analysis but also tries to buy into companies that are well managed. It considers itself a classic value investor of the Graham-Dodd ilk.

      


  • '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.

      


  • Microsemi to Acquire PMC-Sierra

    Recently Microsemi Corp. (MSCC) completed its acquisition of Vitesse Semiconductor Corp. (VTSS), which resulted in organic growth and secured record bookings. Microsemi also announced that it entered into another agreement to acquire PMC-Sierra. (PMCS). Last October PMC merged with Skyworks Solutions Inc. (SWKS) to which Skyworks would acquire all of the outstanding shares of PMC common stock for $11.60 per share in an all-cash transaction.


    Microsemi is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance. The company's semiconductors manage and control or regulate power, protect against transient voltage spikes and transmit, receive and amplify signals. The company delivered impressive fiscal third quarter results.

      


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