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Scott Black's Top 5 Second Quarter Increases

July 15, 2013 | About:
Monica Wolfe

Monica Wolfe

127 followers
Scott Black is the chairman, president, chief investment officer and chief compliance officer at Delphi Management. In regards to his investing philosophy Black said, “We pursue a proven, conservative investment strategy that emphasizes the fundamental performance of underlying companies rather than making bets on short-term market movements or jumping on the latest bandwagon.”

In the most recent quarter, Scott Black bought 12 new stocks bringing his total to 121 stocks valued at $839 million. Black also increased his position in 50 different stocks. Listed below is a brief highlight of Black’s top five increases of the second quarter.

Valero Energy Corporation (VLO)

Scott Black made his largest increase of the quarter in Valero Energy. The guru increased his position 1258.7% by adding a total of 180,107 shares. Black purchased these shares at an average price of $38.10 per share. Since his buy, the price per share has decreased by approximately -5.9%. Black now owns a total of 194,416 shares of Valero representing 0.04% of their shares outstanding and a 0.75% weighting to his portfolio.

Black’s holding history of Valero:



Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Valero is a Fortune 500 company based in San Antonio, Texas.

Valero’s historical price, revenue and net income:

1373906585004.png

The Peter Lynch Chart on Valero shows that the company appears to be undervalued:

1373907735789.png

The analysis on Valero reports:

· The dividend yield is at a one-year high.

· The P/E ratio is close to a one-year low of 5.93.

· The revenue has slowed down in the past year.

Valero Energy has a market cap of $18.71 billion; its shares were traded at around $35.62 with a P/E ratio of 6.20 and a P/S ratio of 0.10. The dividend yield of Valero stocks is 2.10%. The company had an annual average earnings growth of 1.5% over the past 10 years.

There are currently 18 gurus that maintain holdings in VLO. Click here to see their holding histories.

Franklin Street Properties (FSP)

Black upped his position In Franklin Street Properties by 258.99% during the second quarter. The guru bought a total of 31,985 shares at an average price of $14.14 per share. Since his most recent addition, the price per share has decreased approximately 1%. Black now holds 44,335 shares of Franklin Street representing a very small 0.05% of the company’s shares outstanding and 0.07% of his total portfolio.

Black’s holding history of Franklin Street Properties:



Franklin Street Properties is a REIT focused on investing in institutional-quality office properties in major U.S. markets. FSP’s strategy is to invest in select urban infill and central business district properties. Their primary five markets are Atlanta, Dallas, Denver, Houston and Minneapolis.

Franklin Street Properties’ historical price, revenue and net income:

1373906644444.png

The Peter Lynch Chart on Franklin Street Properties shows that the company appears to be overvalued:

1373907656590.png[/url]

The analysis on Franklin Street Properties reports:

· The company has issued $426.932 million of debt over the past three years.

· The P/S ratio is at a one-year high.

· The operating margin has been in a five-year decline. The average rate of decline per year is 14.5%.

Franklin Street Properties has a market cap of $1.4 billion; its shares were traded at around $13.96 with a P/E ratio of 53.40 and a P/S ratio of 7.50. The dividend yield for Franklin Street stocks is 5.50%. The company had an annual average earnings growth of 2.2% over the past five years.

Scott Black is the only guru that maintains holdings in FSP.

Aaron’s (AAN)

Scott Black made his third largest increase of the quarter in Aaron’s. Black upped his stake in Aaron’s 247.99% by purchasing a total of 41,187 shares of the company’s stock. The guru purchased these shares at an average price of $28.26 per share. Black now owns 57,795 shares of Aaron’s representing 0.08% of the company’s shares outstanding as well as 0.19% of his total portfolio.

Scott Black’s holding history of Aaron’s:



Aaron’s is engaged in the lease ownership, lease and retail sale of a wide variety of products such as widescreen and LCD televisions, computers, living room, dining room and bedroom furniture, washers, dryers and refrigerators.

Aaron’s historical price, revenue and net income:

1373906691770.png

The Peter Lynch Chart on Aaron’s shows that the company appears to be undervalued:

1373907597525.png

The analysis on Aaron’s reports:

· The company has comfortable interest coverage.

· Aaron’s has shown predictable revenue and earnings growth.

· The operating margin is expanding.

· The P/B ratio is close to a two-year low of 1.76.

Aaron’s has a market cap of $2.2 billion; its shares were traded at around $29.20 with a P/E ratio of 14.60 and a P/S ratio of 1.00. The company had an annual average earnings growth of 17.1% over the past 10 years. GuruFocus rated Aaron’s the business predictability rank of 2.5-star.

There are eight gurus that hold a position in AAN. Click here to see their holding histories.

Chicago Bridge & Iron Company (CBI)

Scott Black increased his position in Chicago Bridge & Iron Company by 125.54%. The guru purchased a total of 104,440 shares at an average price of $60 per share. Since his buy, the price per share has increased approximately 6%. Black currently holds on to 187,630 shares of Chicago Bridge & Iron Company representing 0.18% of the company’s shares outstanding and 1.3% of his total portfolio.

Scott Black’s holding history of CBI as of the first quarter:



Chicago Bridge & Iron Company provides conceptual design, technology, engineering, procurement, fabrication and construction, commissioning and associated maintenance services to customers in the energy and natural resource industries.

Chicago Bridge & Iron Company’s historical price, revenue and net income:

1373906741259.png

The Peter Lynch Chart on Chicago Bridge & Iron Company shows that the company appears to be overvalued:

1373907493467.png[/url]

The analysis on Chicago Bridge & Iron Company reports:

· The revenue has been in decline over the past five years.

· The dividend is at a one-year low.

· The price is sitting near a 10-year high of $63.30

· The operating margin is expanding.

· The P/S ratio is near a one-year high of 0.97.

Chicago Bridge & Iron has a market cap of $6.65 billion; its shares were traded at around $62.05 with a P/E ratio of 22.30 and a P/S ratio of 0.90. The company had an annual average earnings growth of 20.7% over the past ten years.

There are 11 gurus that hold a position in CBI. Click here to see their holding histories.

Culp (CFI)

Black upped his stake in Culp during the second quarter by 117.3%. The guru purchased 46,814 shares at $16.60 each. Since his buy, the price per share has increased approximately 10.1%. Black now owns a total of 86,722 shares of Culp representing 0.71% of the company’s shares outstanding and 0.18% of his total portfolio.

Black’s holding history of Culp:



Culp manufactures, sources, and markets mattress fabrics used for covering mattresses and box springs, and upholstery fabrics mainly for use in production of upholstered furniture.

Culp’s historical price, revenue and net income:

1373906877075.png

The Peter Lynch Chart on Culp shows that the company appears to be undervalued:

1373907430373.png

The analysis on Culp reports:

· The dividend yield is at a 10-year high.

· The price is sitting at a 10-year high.

· The P/S ratio is near a three-year high.

Culp has a market cap of $225 million; its shares were traded at around $18.41 with a P/E ratio of 12.80 and a P/S ratio of 0.80. The company had an annual average earnings growth of 57.9% over the past five years.

Scott Black, Robert Olstein and Jim Simons all hold a stake in CFI. Click here to see their holding histories.

You can view Scott Black’s complete portfolio here. Also check out his undervalued stocks and top growth companies.


Rating: 3.7/5 (3 votes)

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