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Arnold Van Den Berg's 5 Largest of 22 New Stocks of Q4

January 13, 2014 | About:
Holly LaFon

Holly LaFon

257 followers
Arnold Van Den Berg (Trades, Portfolio), founder of Century Management, seeks stocks selling at discounts to the intrinsic value of the businesses they represents – and this quarter, he found 22. At his firm’s 2013 Client Review, he told the audience about his continued belief in stocks, regardless of the direction of the broader market: “If you buy common stocks, at the right price, it is the best investment you can make compared to all other asset classes even though those asset classes have done good and can even do better if you buy them at the right time.”

Van Den Berg’s equity portfolio has a fair value of $1.059 billion, and contains 79 stocks, with 10% quarter-over-quarter turnover. For the fourth quarter, the largest of the 22 new buys of his firm were: Potash Corporation of Saskatchewan Inc. (POT), Houston Wire & Cable Company (HWCC), PICO Holdings Inc. (PICO), Anglogold Ashanti Ltd. (AU) and Kinross Gold Corporation (KGC).



Potash Corporation of Saskatchewan Inc. (POT)

Van Den Berg purchased 447,535 shares of Potash Corp. which had a quarterly average price of $32 per share. The holding represents 1.4% of his portfolio, and the share price has increased 6% from the average.

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Potash Corporation of Saskatchewan Inc. is a corporation continued under the Canada Business Corporations Act and is the successor to a corporation without share capital established by the Province of Saskatchewan in 1975. Potash Corporation of Saskatchewan Inc. has a market cap of $28.96 billion; its shares were traded at around $33.63 with a P/E ratio of 14.90 and P/S ratio of 3.98. The dividend yield of Potash Corporation of Saskatchewan Inc. stocks is 3.54%. Potash Corporation of Saskatchewan Inc. had an annual average earnings growth of 35.40% over the past 10 years. GuruFocus rated Potash Corporation of Saskatchewan Inc. the business predictability rank of 3-star

Houston Wire & Cable Company (HWCC)

Van Den Berg purchased 676,252 shares of Houston Wire & Cable, which had a quarterly average price of $13.50. The holding represents 0.85% of his portfolio, and the price has dropped 6% from the average.

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Houston Wire & Cable Company manufactures specialty wires and cable and related services to the U.S. Houston Wire & Cable Company has a market cap of $228.90 million; its shares were traded at around $12.73 with a P/E ratio of 24.80 and P/S ratio of 0.60. The dividend yield of Houston Wire & Cable Company stocks is 3.30%. Houston Wire & Cable Company had an annual average earnings growth of 4.40% over the past five years.

PICO Holdings Inc. (PICO)

Van Den Berg purchased 315,568 shares of PICO Holdings in the fourth quarter at an average price of $23. The holding represents 0.69% of his portfolio, and the share price has declined 2% from the average.

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PICO Holdings Inc. was incorporated in 1981 and began operations in 1982. Pico Holdings Inc. has a market cap of $524.274 million; its shares were traded at around $23.00 with and P/S ratio of 1.58.

Anglogold Ashanti Ltd. (AU)

Van Den Berg purchased 592,615 shares of Anglogold Ashanti which had a quarterly average price of $14. The holding represents 0.66% of the portfolio, and the price has declined 9% since.

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Anglogold Ashanti Ltd. is a gold exploration, mining and marketing company, holds a portfolio of operations and projects on four continents. Anglogold Ashanti Ltd. has a market cap of $5 billion; its shares were traded at around $12.40 with and P/S ratio of 0.90. The dividend yield of Anglogold Ashanti Ltd. stocks is 1.30%. Anglogold Ashanti Ltd. had an annual average earnings growth of 4.80% over the past 10 years. 

Kinross Gold Corporation (KGC)

Van Den Berg purchased 1,572,270 shares of Kinross Gold Corp. which had an average quarterly share price of $5. The holding represents 0.65% of the portfolio, and the price has since declined by 5%.

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Kinross Gold Corporation was initially created in May 1993 by the amalgamation of CMP Resources Ltd. Kinross Gold Corporation has a market cap of $5.18 billion; its shares were traded at around $4.54 with and P/S ratio of 1.30. The dividend yield of Kinross Gold Corporation stocks is 1.80%. 

See Arnold Van Den Berg (Trades, Portfolio)’s portfolio here.  Not a Premium Member of GuruFocus? Try it free for 7 days here!


Rating: 4.7/5 (3 votes)

Comments

superguru
Superguru - 8 months ago

I was looking at the performance on Century Management's website and it looked very ordinary. What am I missing?

AlbertaSunwapta
AlbertaSunwapta - 8 months ago

^ High cash allocations when it counts. Market beating equity allocation returns.

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