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Irving Kahn Buys Mmodal Inc, New York Times, Patterson-Uti Energy, Citigroup, Sells Old Republic, Travelers Companies, Inc., Medco Health

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Irving Kahn Buys Mmodal Inc, New York Times, Patterson-Uti Energy, Sells Old Republic, Travelers Companies, Inc., Medco Health

It has been a while since 106-year old value investor Irving Kahn bought into new positions. But in the last quarter he initiated a new position in Mmodal Inc. He also added to his existing positions in New York Times, Patterson-Uti Energy etc. He reduced his positions in Old Republic International Corporation, The Travelers Companies, Inc., Medco Health Sol, Dime Community Bancshares, Inc., Comcast Corporation, Newmarket Corporation, Ab Volvo (adr) during the 3-months ended 06/30/2012, according to the most recent filings of his investment company, Kahn Brothers.

Irving Kahn is the only living value investor who went through the Great Depression in his adult age. He served as the second teaching assistant to Benjamin Graham at the Columbia Business, and helped Ben Graham with his seminal book, Security Analysis.

As of 06/30/2012, Kahn Brothers owns 47 stocks with a total value of $518 million. These are the details of the buys and sells.

For the details of Irving Kahn's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Irving+Kahn

This is the sector weightings of his portfolio:

Financials 35.2%
Health Care 31.8%
Consumer Goods 9.1%
Consumer Services 7.7%
Industrials 5.6%
Oil & Gas 5.1%
Technology 2.8%
Telecom 1.5%
Utilities 1.1%
Not Assigned 0.1%
Basic Materials 0.1%


These are the top 5 holdings of Irving Kahn

  1. Pfizer Inc. (PFE) - 2,512,819 shares, 11.2% of the total portfolio. Shares reduced by 0.04%
  2. Merck & Co., Inc. (MRK) - 1,137,047 shares, 9.2% of the total portfolio. Shares reduced by 3.36%
  3. New York Community Bancorp, Inc. (NYB) - 3,632,690 shares, 8.8% of the total portfolio. Shares added by 0.1%
  4. The New York Times Company (NYT) - 4,592,750 shares, 6.9% of the total portfolio. Shares added by 10.79%
  5. MBIA Inc. (MBI) - 2,966,621 shares, 6.2% of the total portfolio. Shares added by 0.27%


New Purchase: Mmodal Inc (MODL)

Irving Kahn initiated holdings in Mmodal Inc. His purchase prices were between $10.69 and $13.22, with an estimated average price of $12.29. The impact to his portfolio due to this purchase was 2.6%. His holdings were 1,022,941 shares as of 06/30/2012. MedQuist Holdings provides integrated clinical documentation solutions for the U. Mmodal Inc has a market cap of $804.5 million; its shares were traded at around $14.11 with a P/E ratio of 14.3 and P/S ratio of 1.8.

Added: The New York Times Company (NYT)

Irving Kahn added to his holdings in The New York Times Company by 10.79%. His purchase prices were between $5.91 and $7.69, with an estimated average price of $6.49. The impact to his portfolio due to this purchase was 0.67%. His holdings were 4,592,750 shares as of 06/30/2012. New York Times Company is a diversified media company including newspapers, television and radio stations, magazines, electronic information and publishing, Internet businesses, and forest products investments. The New York Times Company has a market cap of $1.15 billion; its shares were traded at around $7.98 with a P/E ratio of 10.8 and P/S ratio of 0.5.

Added: Patterson-uti Energy, Inc. (PTEN)

Irving Kahn added to his holdings in Patterson-uti Energy, Inc. by 16.44%. His purchase prices were between $13.03 and $17.41, with an estimated average price of $15.42. The impact to his portfolio due to this purchase was 0.52%. His holdings were 1,320,300 shares as of 06/30/2012. Patterson is one of the providers of domestic land drillingservices to major & independent oil & natural gas companies. Patterson-uti Energy, Inc. has a market cap of $2.43 billion; its shares were traded at around $15.73 with a P/E ratio of 6.9 and P/S ratio of 1. The dividend yield of Patterson-uti Energy, Inc. stocks is 1.3%. Patterson-uti Energy, Inc. had an annual average earnings growth of 14.7% over the past 10 years.

Added: Citigroup Inc. (C)

Irving Kahn added to his holdings in Citigroup Inc. by 6.59%. His purchase prices were between $25.05 and $36.78, with an estimated average price of $30.06. The impact to his portfolio due to this purchase was 0.38%. His holdings were 1,152,530 shares as of 06/30/2012. Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $80.34 billion; its shares were traded at around $28.56 with a P/E ratio of 7.5 and P/S ratio of 1. The dividend yield of Citigroup Inc. stocks is 0.2%.

Reduced: Old Republic International Corporation (ORI)

Irving Kahn reduced to his holdings in Old Republic International Corporation by 89.38%. His sale prices were between $8.18 and $10.76, with an estimated average price of $9.89. The impact to his portfolio due to this sale was -4.65%. Irving Kahn still held 289,514 shares as of 06/30/2012. Old Republic International Corporation is Chicago-based and is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a wide variety of coverages in the property and liability, mortgage guaranty, title and life and health insurance fields. Old Republic International Corporation has a market cap of $2.12 billion; its shares were traded at around $8.18 with and P/S ratio of 0.5. The dividend yield of Old Republic International Corporation stocks is 8.7%.

Reduced: The Travelers Companies, Inc. (TRV)

Irving Kahn reduced to his holdings in The Travelers Companies, Inc. by 21.82%. His sale prices were between $58.01 and $64.88, with an estimated average price of $62.17. The impact to his portfolio due to this sale was -0.12%. Irving Kahn still held 39,094 shares as of 06/30/2012. St. Paul Travelers is a provider of commercial property-liability insurance and asset management services. The Travelers Companies, Inc. has a market cap of $24.79 billion; its shares were traded at around $63.63 with a P/E ratio of 11.5 and P/S ratio of 1. The dividend yield of The Travelers Companies, Inc. stocks is 2.9%. The Travelers Companies, Inc. had an annual average earnings growth of 3.8% over the past 5 years.

Reduced: Dime Community Bancshares, Inc. (DCOM)

Irving Kahn reduced to his holdings in Dime Community Bancshares, Inc. by 20.73%. His sale prices were between $12.62 and $14.92, with an estimated average price of $13.61. The impact to his portfolio due to this sale was -0.07%. Irving Kahn still held 101,786 shares as of 06/30/2012. Dime Community Bancshares, Inc. is the holding company The Dime Savings Bank of Williamsburgh. Dime Community Bancshares, Inc. has a market cap of $503.3 million; its shares were traded at around $14.2 with a P/E ratio of 10.6 and P/S ratio of 2.3. The dividend yield of Dime Community Bancshares, Inc. stocks is 3.9%. Dime Community Bancshares, Inc. had an annual average earnings growth of 10.1% over the past 10 years. GuruFocus rated Dime Community Bancshares, Inc. the business predictability rank of 2-star.

Reduced: Comcast Corporation (CMCSA)

Irving Kahn reduced to his holdings in Comcast Corporation by 20.04%. His sale prices were between $28.26 and $31.34, with an estimated average price of $29.68. The impact to his portfolio due to this sale was -0.06%. Irving Kahn still held 42,509 shares as of 06/30/2012. Comcast Corp., among the world's communication companies, provides basic cable, digital cable and high speed internet services that connect people to what's important in their lives. Comcast Corporation has a market cap of $93.33 billion; its shares were traded at around $34.94 with a P/E ratio of 19.8 and P/S ratio of 1.7. The dividend yield of Comcast Corporation stocks is 1.9%. Comcast Corporation had an annual average earnings growth of 17.1% over the past 10 years. GuruFocus rated Comcast Corporation the business predictability rank of 4-star.

Reduced: Newmarket Corporation (NEU)

Irving Kahn reduced to his holdings in Newmarket Corporation by 37.52%. His sale prices were between $183.05 and $228.58, with an estimated average price of $205.03. The impact to his portfolio due to this sale was -0.03%. Irving Kahn still held 1,665 shares as of 06/30/2012. NewMarket Corporation through its subsidiaries, Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. Newmarket Corporation has a market cap of $3.23 billion; its shares were traded at around $240.18 with a P/E ratio of 14.7 and P/S ratio of 1.5. The dividend yield of Newmarket Corporation stocks is 1.3%. Newmarket Corporation had an annual average earnings growth of 24.6% over the past 10 years. GuruFocus rated Newmarket Corporation the business predictability rank of 3.5-star.

Reduced: Ab Volvo (adr) (VOLVY)

Irving Kahn reduced to his holdings in Ab Volvo (adr) by 90%. His sale prices were between $10.52 and $14.86, with an estimated average price of $12.13. The impact to his portfolio due to this sale was -0.02%. Irving Kahn still held 1,000 shares as of 06/30/2012. Volvo manufactures automobiles, trucks, buses, marine and industrial engines, aircraft engines, and construction equipment. Ab Volvo (adr) has a market cap of $25.44 billion; its shares were traded at around $12.85 with a P/E ratio of 9.9 and P/S ratio of 0.6. The dividend yield of Ab Volvo (adr) stocks is 3%.

Here is the complete portfolio of Irving Kahn. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of Irving Kahn.


Rating: 3.6/5 (5 votes)

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