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Buffett of Canada, Prem Watsa’s Top Yields

October 15, 2013 | About:
Sally Jones

Sally Jones

49 followers
Canada’s “Warren Buffett” is Prem Watsa, founder of Fairfax Financial Holdings. His portfolio currently lists 41 stocks, three of them new, and a total value of $2.48 million with a quarter-over-quarter turnover of 2%. While Watsa typical buys massive holdings, some of his smaller stakes show top yields.

Here are company updates on three stocks with the highest dividend yields held by Guru Prem Watsa.



Nam Tai Electronics Inc. (NTE) – Yield: 7.50%

Business Predictability: 1 out of 5 Stars

Down 26% over 12 months, Nam Tai Electronics Inc., an electronic components company in China, has a market cap of $356.6 million; its shares were traded at around $7.95. Shares trade with a P/E ratio of 10.90 and a P/B of 1.10.

The company reported results for the first quarter of 2013, with quarterly sales of $177 million compared to $87.8 million in the first quarter of 2012. As of the fourth quarter of 2012, the company reported that net sales were up 118% and gross profit was up 449% year over year.

Guru Action: As of the second quarter of 2013, Prem Watsa holds 35,000 shares valued at $196,000, and weighting his portfolio by 0.0079%.

He bought 10,000 shares in the third quarter of 2013 at an average price of $4.63, and making a gain of 71.7%. In the second quarter of 2013, he lost 11.3% on those shares at an average price of $8.96 per share.

Track historical pricing, revenue and net income:

1381870164362.png

Prem Watsa is one of four gurus holding NTE. There is active insider trading.

New York Community Bancorp Inc. (NYCB) – Yield: 6.40%

Business Predictability: Not Rated

Up 9% over 12 months, New York Community Bancorp Inc. has a market cap of $6.89 billion; its shares were traded at around $15.58. Shares trade with a P/E ratio of 13.80 and a P/B of 1.20.

With assets of $44.2 billion at quarter ending June 30, 2013, New York Community Bancorp, Inc. is the 20th largest bank holding company in the nation and a leading producer of multi-family loans in New York City. The company reported earnings of $122.5 million for the second quarter of 2013, including mortgage banking income at $23.2 million.

Guru Action: As of the second quarter of 2013, Prem Watsa holds 40,000 shares valued at $559,000, and weighting his portfolio by 0.023%.

In the second quarter of 2013, he gained 15.3% on 40,000 shares at an average price of $13.51. Over a five-year history, he gained 18% buying 20,000 shares at an average price of $13.21.

Track historical pricing, revenue and net income:

1381870342007.png

Check out the other gurus holding NYCB and the active insider trading.

BCE Inc. (BCE) – Yield: 5.30%

Business Predictability: 1 out of 5 Stars

Down 2% over 12 months, BCE Inc., Canada’s largest telecom services company,has a market cap of $33.36 billion; its shares were traded at around $43.00. Shares trade with a P/E ratio of 14.20 and a P/B of 3.10.

The company reported an increase in operating revenue for the second quarter of 2013, at $5 billion, up 1.5% from the same quarter a year ago. The company’s net earnings for second quarter of 2013 were down 22% at $571 million, compared to$732 million in the same quarter in 2012.

Guru Action: As of the second quarter of 2013, Prem Watsa holds 268,300 shares valued at $10.9 million, and weighting his portfolio by 0.44%.

His five-year history shows that Watsa averaged a gain of 116% on 3,180,000 shares at bought at an average price of $19.94 per share. Selling, he gained 84% on 2,911,700 shares sold at an average price of $23.35 per share.

Track historical pricing, revenue and net income:

1381870809610.png

Prem Watsa is one of six gurus holding BCE and there is very active insider trading.

Check out the complete portfolio of Prem Watsa.



1. Prem Watsa's Undervalued Stocks

2. Prem Watsa's Top Growth Companies

3. Prem Watsa's High Yield stocks

4. Stocks that Prem Watsa keeps buying

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: 4.3/5 (3 votes)

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