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Getting Out on a Gain--Michael Price Sells

September 14, 2013 | About:
Sally Jones

Sally Jones

47 followers
While Guru Michael Price unloaded shares in global banks, department stores, drug manufacturers and insurance companies, among others, in the second quarter, he artfully sold out nine companies, demonstrating his knack for getting out on a gain. It’s no wonder that Michael F. Price is one of the richest people in the world, with a net worth of around $1.3 billion. As a legendary value investor, Price manages around $1.6 billion, through his private firm, MFP Investors LLC.

The updated portfolio of MFP Investors has 92 stocks, 10 of them new, a total value at $747 million, with a quarter-over-quarter turnover of 13%. The portfolio of MFP Investors is currently weighted with top three sectors: financial services at 33.8%, healthcare at 14.4% and consumer cyclical at 13.3%.

Here are four sell outs that helped reshape the portfolio of Guru Michael Price’s portfolio in the second quarter of 2013.

One Liberty Properties Inc. (OLP): Sold Out

Up 12% over 12 months, One Liberty Properties Inc. has a market cap of $344.71 million; its shares were traded at around $22.15 with a P/E ratio of 9.80.

One Liberty Properties Inc. is a self-administered and self-managed real estate investment trust, also known as a REIT. The company acquires, owns and manages a geographically portfolio of retail including furniture and office supply stores, industrial, office, flex, health and fitness and other properties, a portion of which are under long-term leases.

Guru Action: As of June 30, 2013, Price sold out his position, selling 121,933 shares at an average price of $23.50, for a loss of 5.7%. Price is letting go after phenomenal gains in eleven gaining quarters of history. Check out this trading history:



Track historical share pricing, revenue and net income:





Imation Corporation (IMN): Sold Out

Down 28% over 12 months, Imation Corporation has a market cap of $174.48 million; its shares were traded at around $4.19 with a P/B ratio of 0.50.

Imation Corporation’s portfolio includes tiered storage and security offerings for business and products designed to manage audio and video information in the home. Imation reaches customers in more than 100 countries through a global distribution network. The company has three major product categories: traditional storage, secure and scalable storage, and audio and video information.

Guru Action: As of June 30, 2013, Price sold out his position, selling 371,927 shares at an average price of $3.92, for a gain of 6.9%. Price held for three quarters total. In the fourth quarter of 2012, he bought 658,693 shares at an average price of $4.62 per share, and lost 9.3%. In the first quarter of 2013, he gained 11.1% on 286,766 shares sold at an average price of $3.77.

Track historical share pricing, revenue and net income:



Huntsman Corporation (HUN): Sold Out

Up 22% over 12 months, Huntsman Corporation has a market cap of $4.65 billion; its shares were traded at around $19.27 with a P/E ratio of 48.10.

Huntsman Corporation is a holding company for its businesses and manufacturers of differentiated organic chemical products and of inorganic chemical products. Its products comprise a range of chemicals and formulations, which it markets globally to a diversified group of consumer and industrial customers.

Guru Action: As of June 30, 2013, Price sold out his position, unloading 75,000 shares at an average price of $18.29, for a gain of 5.4%. Price held shares for five quarters, always gaining. His greatest gain of 246.6% was made on his new buy of 400,000 shares in the second quarter of 2009 when he bought at an average price of $5.56.

Track historical share pricing, revenue and net income:



Ubiquiti Networks Inc. (UBNT): Sold Out

Up 147% over 12 months, Ubiquiti Networks Inc. has a market cap of $2.82 billion; its shares were traded at around $32.39 with a P/E ratio of 36.10.

Ubiquiti Networks Inc. leverages innovative proprietary technologies to deliver wireless networking solutions. Its products bridge the digital divide by fundamentally changing the economics of deploying high-performance wireless networking solutions in underserved and underpenetrated wireless broadband access markets globally.

Guru Action: As of June 30, 2013, Price sold out his position, selling 7,235 shares at an average price of $16.49, for a gain of 96.4%. Price held for only two quarters, also gaining in the previous quarter by 41% when he bought the shares at an average price of $22.97.

Track historical share pricing, revenue and net income:



Here is the complete portfolio of Michael Price.



Be sure to check out:

1. Michael Price's Undervalued Stocks

2. Michael Price's Top Growth Companies

3. Michael Price's High Yield stocks

4. Stocks that Michael Price keeps buying

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.8/5 (4 votes)

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