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Holly LaFon
Holly LaFon
Articles (4655) 

Mason Hawkins' Long Leaf Partners Comments on Philips Electronics

May 23, 2012 | About:
Long Leaf Partners’ Scott Cobb discusses undervalued European stocks in the audio below.

Summary: Owns Philips (NYSE:PHG) for the third time because they like to recycle ideas. It’s cheap today because people see it as a tired old electronics company, which it is not. People also worry about exposure to Europe. Long Leaf values it at 27 euros per share, assuming it meets the low end of its 2013 targets.

Rating: 2.7/5 (3 votes)


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