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Tweedy Browne Global Value Fund Buys 2 New Stocks

October 22, 2013 | About:
Holly LaFon

Holly LaFon

266 followers
Founded in June 1993, the Tweedy Browne Global Value Fund contains marketable securities of primarily developed non-U.S. markets, except when U.S. securities appear more attractive. The fund contains $6.8 billion in net assets, and had quarter-over-quarter turnover of 2% in the third quarter after managers added two new stocks: ABB Ltd. (XSWX:ABBN) and Great Eagle Holdings Ltd. (HKSE:00041).

ABB Ltd. (XSWX:ABBN)

Tweedy Browne purchased 2,272,160 shares of ABB Ltd., equal to 0.94% of the portfolio. The stock’s price averaged $21 per share in the third quarter.

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Based in Zurich, Switzerland, ABB is a power and automation technologies company making industrial motors and drives, wind power generators and power grids.

The company had per-share growth rates of 4.2% for revenue, 1.8% for EBITDA and 10.1% for book value annually over the past five years. Free cash flow declined by 3.9% annual over the same period.

ABB’s price per share around $21 is close to a two-year high, its PS of 1.32 is near a two-year high and its dividend yield is close to a two-year low. It has a P/E of 19.3 and P/S of 1.35.

ABB’s 10-year revenue and earnings history:

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Great Eagle Holdings Ltd. (HKSE:00041

Tweedy Browne purchased 5,268,500 shares of Great Eagle Holdings Ltd., equal to 0.33% of the portfolio. The price during the quarter averaged $28.

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Based in Hong Kong, Great Eagle Holdings is a property company that owns an international hotel portfolio under the brand “The Langham,” and is involved with other high quality properties in Asia, Australasia, North America and Europe.

Great Eagle Holdings has grown per-share revenue at a rate of 1.8%, EBITDA at 9.7% and book value at 19.1% annually over the past five years.

The company has a P/E of 5, P/B ratio near a one-year low at 0.47 and P/S ratio near a one-year low at 3.37. Its dividend yield is close to a one-year high.

Great Eagle’s 10-year revenue and earnings history:

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For more Tweedy Browne Global Value Fund holdings, visit the portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Tweedy Browne.

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Rating: 4.6/5 (7 votes)

Comments

vgm
Vgm - 11 months ago
Holly - thanks. Really interesting holdings. Just one small correction: the symbol for Great Eagle is 0041.HK (not 00041.HK).

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