Scott Black

Scott Black

Last Update: 11-17-2016

Number of Stocks: 89
Number of New Stocks: 9

Total Value: $161 Mil
Q/Q Turnover: 12%

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

Scott Black Watch

  • Scott Black’s Top 4 New Holdings of 3rd Quarter

    Scott Black (Trades, Portfolio), president and founder of Delphi Management, acquired nine new holdings in the third quarter. His top four new positions are Icon PLC (NASDAQ:ICLR), Lionbridge Technologies (NASDAQ:LIOX), Omega Healthcare Investors (NYSE:OHI) and National General Holdings Corp. (NASDAQ:NGHC).


    A disciple of the Graham-Dodd value strategy, Black’s firm employs an investment strategy that emphasizes the underlying fundamental performance of companies as opposed to making bets on short-term market movements. The investment firm only invests in companies that meet a developed set of quantitative criteria and are under good management. The firm takes only long positions in U.S.-listed companies.

      


  • Scott Black Exits Avnet, Deckers in 3rd Quarter

    Scott Black is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. During the third quarter the guru’s largest trades were:


    He purchased 29,492 shares in Icon PLC ADR (ICLR) with an impact of 1.42% on the portfolio.

      


  • 6 Bargain Stocks Trading Below the 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 wide margins of safety.


    D.R. Horton Inc. (DHI) is trading at about $29 per share, and the Peter Lynch value gives the stock a fair price of $33.6, giving investors a margin of safety of 15%.

      


  • Scott Black Bought 6 New Stocks in 2nd Quarter

    Scott Black (Trades, Portfolio) of Delphi Management Inc. added six new holdings to the portfolio in the second quarter.


    The most noteworthy addition was the purchase of 71,910 shares in Skechers USA Inc. (NYSE:SKX), a California-based footwear company, for an average price of $30.21 per share. The transaction had a 1.37% impact on the portfolio.

      


  • Piotroski F-Score Study: Specialty Retail Companies Offer Hot Buys

    As of July, the Piotroski F-scores for Standard & Poor's 500 companies are normally distributed with a mean of 5.59 and a standard deviation of 1.44. Among specialty retail companies, Foot Locker Inc. (NYSE:FL) and AutoZone Inc. (NYSE:AZO) have the maximum F-score of 9. Since these stocks have many good signs, including high F-scores, many gurus invest major capital into specialty retail companies.


    The Piotroski score and its distribution among S&P 500 companies

      


  • Scott Black's Largest Buys in 1st Quarter

    Scott Black (Trades, Portfolio) is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. He manages a portfolio composed of 93 stocks and 10 of them are new buys from the first quarter. The most weighted buys follow:


    The investor bought 76,890 shares in Intel Corp. (INTC) with an impact of 1.5% on the portfolio.

      


  • 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.

      


  • Scott Black Ups Stake in Goldman Sachs, Goodyear

    Scott Black is the chairman, president and CIO at Delphi Management Inc., which is an employee-owned investment manager that only takes long positions in U.S. equities. 


    Delphi offers two products: an All-Capitalization portfolio and a Small/Mid-Capitalization portfolio with an emphasis on companies with market capitalizations below the high end of the Russell 2500 Value Index.

      


  • Value Guru Scott Black Buys Boston Properties, Whirlpool, 3 More

    Scott Black (Trades, Portfolio), a financial manager widely followed for his staunch Graham-Dodd value strategy, invested in 11 new companies in the third quarter as he sold out of his positions in 13.


    Black purchases only U.S. companies that have good businesses when they sell at a cheap price, regardless of market conditions. His Boston-based Delphi Management uses proprietary research to find underpriced stocks and holds Berkshire Hathaway (NYSE:BRK.B) as their largest position.

      


  • Ken Fisher Cuts His Stake in Royal Bank, Buys Roche Holding

    Ken Fisher (Trades, Portfolio) is the chief executive officer and chief investment officer of Fisher Investments, which offers an array of educational resources to its 27,000-plus private clients —including quarterly reports, in-person seminars and regular phone communication. Fisher Investments extends these educational resources to the public through a series of investing guides, online videos and daily commentary at MarketMinder.com.


    Fisher manages a portfolio composed of 592 stocks with a total value of $49.932 billion and the following are the largest of about 500 trades he closed during the second quarter.

      


  • Scott Black Sells Stakes in 10 Companies

    Scott Black (Trades, Portfolio), Delphi Management’s chairman, president, chief investment officer and chief compliance officer, is a value investor, and he did buy some new stakes and add to existing ones in the second quarter – but he also sold some significant stakes in his portfolio.


    Black sold his 134,922-share stake in Baxter International Inc. (NYSE:BAX), an Illinois-based medical equipment company, for an average price of $37.38 per share. The sale had a -1.23% impact on Black’s portfolio.

      


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