Irving Kahn, the only Guru who experienced the great depression at adult age, thinks that things are not nearly as bad. He is highly concentrated on health care and financials theses, and he added to them. These are his buys and sells in the first quarter of 2009.
Irving Kahn adds to MBIA, Merck, The New York Times, reduces IDT, KeyCorp, and Questar Corp. during the 3-months ended 03/31/2009, according to the most recent filings of his investment company, Kahn Brothers & Company Inc.. Irving Kahn owns 57 stocks with a total value of $347 million. These are the details of the buys and sells.
Added Positions: MBI, MON, MRK, NYB, NYT, ORI, SLM,
Reduced Positions: IDT, IDT-C, KEY, STR,
For the details of Irving Kahn's stock buys and sells, go to the Link Here
Added: Merck & Co. Inc. (MRK, Financial)
Irving Kahn added to his holdings in Merck & Co. Inc. by 29.34%. His purchase prices were between $22.74 and $30.26, with an estimated average price of $27.1. The impact to his portfolio due to this purchase was 1.52%. His holdings were 869,232 shares as of 03/31/2009.
Merck & Co. Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Established in 1891 Merck discovers develops manufactures and markets vaccines and medicines to address unmet medical needs. The company devotes extensive efforts to increase access to medicines through far-reaching programs that not only donate Merck medicines but help deliver them to the people who need them. Merck also publishes unbiased health information as a not-for-profit service. Merck & Co. Inc. has a market cap of $48.84 billion; its shares were traded at around $23.17 with a P/E ratio of 7.1 and P/S ratio of 2.1. The dividend yield of Merck & Co. Inc. stocks is 6.6%.
Added: MBIA Inc. (MBI, Financial)
Irving Kahn added to his holdings in MBIA Inc. by 55.72%. His purchase prices were between $2.53 and $5.05, with an estimated average price of $4. The impact to his portfolio due to this purchase was 0.92%. His holdings were 1,954,960 shares as of 03/31/2009.
MBIA Incorporated is engaged in providing financial guaranteeinsurance and investment management and financial services to public finance clients and financial institutions on a global basis. Financial guarantees for municipal bonds asset-backed and mortgage-backed securities investor-owned utility bonds and collateralized obligations of sovereigns corporations and financial institutions both in the new issue and secondary markets are provided through the Company's wholly-owned subsidiary MBIA Insurance Corporation. MBIA Inc. has a market cap of $949.1 million; its shares were traded at around $4.53 with and P/S ratio of 0.3. MBIA Inc. had an annual average earning growth of 18.9% over the past 10 years.
Added: Old Republic International Corp. (ORI, Financial)
Irving Kahn added to his holdings in Old Republic International Corp. by 7.75%. His purchase prices were between $7.66 and $12.09, with an estimated average price of $10.2. The impact to his portfolio due to this purchase was 0.44%. His holdings were 1,980,685 shares as of 03/31/2009.
Old Republic International Corporation is Chicago-based and is an insurance holding company whose subsidiaries market underwrite and provide risk management services for a wide variety of coverages in the property and liability mortgage guaranty title and life and health insurance fields. Old Republic International Corp. has a market cap of $2.14 billion; its shares were traded at around $9.11 with and P/S ratio of 0.6. The dividend yield of Old Republic International Corp. stocks is 7.5%. Old Republic International Corp. had an annual average earning growth of 5% over the past 10 years.
Added: Monsanto Company (MON, Financial)
Irving Kahn added to his holdings in Monsanto Company by 1488.4%. His purchase prices were between $71.42 and $85.96, with an estimated average price of $79.1. The impact to his portfolio due to this purchase was 0.27%. His holdings were 244,312 shares as of 03/31/2009.
Monsanto is a leading global provider of technology-based solutions and agricultural products for growers and downstream customers such as grain processors and consumers in the agricultural markets. The combination of its herbicides seeds and related genetic trait products provides growers with integrated solutions to more efficiently and cost effectively produce crops at higher yields while controlling weeds insects and diseases. Its base business led by Roundup and coupled with the latest tools in biotechnology genomics and molecular breeding. Monsanto Company has a market cap of $44.38 billion; its shares were traded at around $81 with a P/E ratio of 17.8 and P/S ratio of 3.9. The dividend yield of Monsanto Company stocks is 1.3%. Monsanto Company had an annual average earning growth of 30.7% over the past 5 years.
Added: New York Community Bancorp Inc. (NYB, Financial)
Irving Kahn added to his holdings in New York Community Bancorp Inc. by 2.19%. His purchase prices were between $7.99 and $13, with an estimated average price of $11. The impact to his portfolio due to this purchase was 0.25%. His holdings were 3,611,402 shares as of 03/31/2009.
New York Community Bancorp Inc. is the holding company for New York Community Bank the fifth largest thrift in the nation. The Bank is the leading producer of multi-family mortgage loans for portfolio in New York City and the third largest thrift depository in the New York metropolitan region. The Bank serves its customers through a network of banking offices in New York City Long Island Rockland and Westchester counties Connecticut and New Jersey and operates through six divisions: Queens County Savings Bank Richmond County Savings Bank CFS Bank First Savings Bank of New Jersey Ironbound Bank and South Jersey Bank. New York Community Bancorp Inc. has a market cap of $4.05 billion; its shares were traded at around $11.73 with a P/E ratio of 12.1 and P/S ratio of 2.5. The dividend yield of New York Community Bancorp Inc. stocks is 8.5%. New York Community Bancorp Inc. had an annual average earning growth of 20.5% over the past 10 years. GuruFocus rated New York Community Bancorp Inc. the business predictability rank of 2.5-star.
Added: The New York Times Company (NYT, Financial)
Irving Kahn added to his holdings in The New York Times Company by 23.42%. His purchase prices were between $4.06 and $7.06, with an estimated average price of $4.9. The impact to his portfolio due to this purchase was 0.18%. His holdings were 725,895 shares as of 03/31/2009.
New York Times Company is a diversified media company including newspapers television and radio stations magazines electronic information and publishing Internet businesses and forest products investments. The Company currently classifies its businesses into the following segments: Newspapers Broadcasting Magazines and Forest Product Investments and Other Joing Ventures. The New York Times Company has a market cap of $721.2 million; its shares were traded at around $5.01 with a P/E ratio of 21.8 and P/S ratio of 0.3.
Added: SLM Corp. (SLM, Financial)
Irving Kahn added to his holdings in SLM Corp. by 10.84%. His purchase prices were between $3.28 and $11.5, with an estimated average price of $7.6. The impact to his portfolio due to this purchase was 0.16%. His holdings were 1,138,113 shares as of 03/31/2009.
SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. The company provides a wide range of financial services processing capabilities and information technology to meet the needs of educational institutions lenders students and guarantee agencies. SLM Corp. has a market cap of $2.16 billion; its shares were traded at around $4.63 with a P/E ratio of 6.8 and P/S ratio of 0.3. SLM Corp. had an annual average earning growth of 12.8% over the past 10 years.
Reduced: IDT Corp. (IDT, Financial)
Irving Kahn reduced to his holdings in IDT Corp. by 66.67%. His sale prices were between $0.81 and $1.25, with an estimated average price of $1.1. The impact to his portfolio due to this sale was -0.01%. Irving Kahn still held 38,351 shares as of 03/31/2009.
IDT Corporation through its IDT Telecom subsidiary is a facilities-based multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom by means of its own national telecommunications backbone and fiber optic network infrastructure provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Corp. has a market cap of $32.9 million; its shares were traded at around $1.35 .
Reduced: KeyCorp (KEY, Financial)
Irving Kahn reduced to his holdings in KeyCorp by 36.26%. His sale prices were between $5.36 and $8.4, with an estimated average price of $7.2. The impact to his portfolio due to this sale was -0.03%. Irving Kahn still held 19,188 shares as of 03/31/2009.
KeyCorp is an integrated multi-line financial services company. Its subsidiaries provide a wide range of investment management retail and commercial banking consumer finance and investment banking products and services to corporate individual and institutional clients through four lines of business: Key Retail Banking Key Specialty Finance Key Corporate Capital and Key Capital Partners. KeyCorp has a market cap of $3 billion; its shares were traded at around $6.07 with and P/S ratio of 0.5. The dividend yield of KeyCorp stocks is 4.2%. KeyCorp had an annual average earning growth of 9.9% over the past 5 years.
Reduced: Questar Corp. (STR, Financial)
Irving Kahn reduced to his holdings in Questar Corp. by 33.4%. His sale prices were between $25.67 and $35.91, with an estimated average price of $31.8. The impact to his portfolio due to this sale was -0.04%. Irving Kahn still held 15,950 shares as of 03/31/2009.
Questar Corporation is a diversified energy services holding company. It has two basic divisions--Market Resources and Regulated Services. Market Resources engages in energy development and production; gas gathering andprocessing; and wholesale gas electricity and hydrocarbon liquids marketing and trading. Regulated Services conducts interstate gas transmission and storage activities and retail gas distribution services. The Company is also involved in information and communication systems and technologies. Questar Corp. has a market cap of $5.25 billion; its shares were traded at around $30.19 with a P/E ratio of 7.6 and P/S ratio of 1.5. The dividend yield of Questar Corp. stocks is 1.7%. Questar Corp. had an annual average earning growth of 15% over the past 10 years. GuruFocus rated Questar Corp. the business predictability rank of 3.5-star.
Reduced: I D T CORP (IDT-C)
Irving Kahn reduced to his holdings in I D T CORP by 67.92%. His sale prices were between $0.84 and $1.14, with an estimated average price of $1. The impact to his portfolio due to this sale was -0.16%. Irving Kahn still held 726,414 shares as of 03/31/2009.
IDT Corporation is a leading facilities-based emerging multinational carrier that provides a broad range of telecommunications services to wholesale and retail customers worldwide. The company offers integrated and competitively priced international and domestic long distance telecommunications service and Internet access. The company's telecommunications services include wholesale carrier services prepaid calling cards international retail services and domestic long distance services. I D T CORP has a market cap of $31.6 million; its shares were traded at around $1.25 .
Irving Kahn adds to MBIA, Merck, The New York Times, reduces IDT, KeyCorp, and Questar Corp. during the 3-months ended 03/31/2009, according to the most recent filings of his investment company, Kahn Brothers & Company Inc.. Irving Kahn owns 57 stocks with a total value of $347 million. These are the details of the buys and sells.
Added Positions: MBI, MON, MRK, NYB, NYT, ORI, SLM,
Reduced Positions: IDT, IDT-C, KEY, STR,
For the details of Irving Kahn's stock buys and sells, go to the Link Here
Added: Merck & Co. Inc. (MRK, Financial)
Irving Kahn added to his holdings in Merck & Co. Inc. by 29.34%. His purchase prices were between $22.74 and $30.26, with an estimated average price of $27.1. The impact to his portfolio due to this purchase was 1.52%. His holdings were 869,232 shares as of 03/31/2009.
Merck & Co. Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Established in 1891 Merck discovers develops manufactures and markets vaccines and medicines to address unmet medical needs. The company devotes extensive efforts to increase access to medicines through far-reaching programs that not only donate Merck medicines but help deliver them to the people who need them. Merck also publishes unbiased health information as a not-for-profit service. Merck & Co. Inc. has a market cap of $48.84 billion; its shares were traded at around $23.17 with a P/E ratio of 7.1 and P/S ratio of 2.1. The dividend yield of Merck & Co. Inc. stocks is 6.6%.
Added: MBIA Inc. (MBI, Financial)
Irving Kahn added to his holdings in MBIA Inc. by 55.72%. His purchase prices were between $2.53 and $5.05, with an estimated average price of $4. The impact to his portfolio due to this purchase was 0.92%. His holdings were 1,954,960 shares as of 03/31/2009.
MBIA Incorporated is engaged in providing financial guaranteeinsurance and investment management and financial services to public finance clients and financial institutions on a global basis. Financial guarantees for municipal bonds asset-backed and mortgage-backed securities investor-owned utility bonds and collateralized obligations of sovereigns corporations and financial institutions both in the new issue and secondary markets are provided through the Company's wholly-owned subsidiary MBIA Insurance Corporation. MBIA Inc. has a market cap of $949.1 million; its shares were traded at around $4.53 with and P/S ratio of 0.3. MBIA Inc. had an annual average earning growth of 18.9% over the past 10 years.
Added: Old Republic International Corp. (ORI, Financial)
Irving Kahn added to his holdings in Old Republic International Corp. by 7.75%. His purchase prices were between $7.66 and $12.09, with an estimated average price of $10.2. The impact to his portfolio due to this purchase was 0.44%. His holdings were 1,980,685 shares as of 03/31/2009.
Old Republic International Corporation is Chicago-based and is an insurance holding company whose subsidiaries market underwrite and provide risk management services for a wide variety of coverages in the property and liability mortgage guaranty title and life and health insurance fields. Old Republic International Corp. has a market cap of $2.14 billion; its shares were traded at around $9.11 with and P/S ratio of 0.6. The dividend yield of Old Republic International Corp. stocks is 7.5%. Old Republic International Corp. had an annual average earning growth of 5% over the past 10 years.
Added: Monsanto Company (MON, Financial)
Irving Kahn added to his holdings in Monsanto Company by 1488.4%. His purchase prices were between $71.42 and $85.96, with an estimated average price of $79.1. The impact to his portfolio due to this purchase was 0.27%. His holdings were 244,312 shares as of 03/31/2009.
Monsanto is a leading global provider of technology-based solutions and agricultural products for growers and downstream customers such as grain processors and consumers in the agricultural markets. The combination of its herbicides seeds and related genetic trait products provides growers with integrated solutions to more efficiently and cost effectively produce crops at higher yields while controlling weeds insects and diseases. Its base business led by Roundup and coupled with the latest tools in biotechnology genomics and molecular breeding. Monsanto Company has a market cap of $44.38 billion; its shares were traded at around $81 with a P/E ratio of 17.8 and P/S ratio of 3.9. The dividend yield of Monsanto Company stocks is 1.3%. Monsanto Company had an annual average earning growth of 30.7% over the past 5 years.
Added: New York Community Bancorp Inc. (NYB, Financial)
Irving Kahn added to his holdings in New York Community Bancorp Inc. by 2.19%. His purchase prices were between $7.99 and $13, with an estimated average price of $11. The impact to his portfolio due to this purchase was 0.25%. His holdings were 3,611,402 shares as of 03/31/2009.
New York Community Bancorp Inc. is the holding company for New York Community Bank the fifth largest thrift in the nation. The Bank is the leading producer of multi-family mortgage loans for portfolio in New York City and the third largest thrift depository in the New York metropolitan region. The Bank serves its customers through a network of banking offices in New York City Long Island Rockland and Westchester counties Connecticut and New Jersey and operates through six divisions: Queens County Savings Bank Richmond County Savings Bank CFS Bank First Savings Bank of New Jersey Ironbound Bank and South Jersey Bank. New York Community Bancorp Inc. has a market cap of $4.05 billion; its shares were traded at around $11.73 with a P/E ratio of 12.1 and P/S ratio of 2.5. The dividend yield of New York Community Bancorp Inc. stocks is 8.5%. New York Community Bancorp Inc. had an annual average earning growth of 20.5% over the past 10 years. GuruFocus rated New York Community Bancorp Inc. the business predictability rank of 2.5-star.
Added: The New York Times Company (NYT, Financial)
Irving Kahn added to his holdings in The New York Times Company by 23.42%. His purchase prices were between $4.06 and $7.06, with an estimated average price of $4.9. The impact to his portfolio due to this purchase was 0.18%. His holdings were 725,895 shares as of 03/31/2009.
New York Times Company is a diversified media company including newspapers television and radio stations magazines electronic information and publishing Internet businesses and forest products investments. The Company currently classifies its businesses into the following segments: Newspapers Broadcasting Magazines and Forest Product Investments and Other Joing Ventures. The New York Times Company has a market cap of $721.2 million; its shares were traded at around $5.01 with a P/E ratio of 21.8 and P/S ratio of 0.3.
Added: SLM Corp. (SLM, Financial)
Irving Kahn added to his holdings in SLM Corp. by 10.84%. His purchase prices were between $3.28 and $11.5, with an estimated average price of $7.6. The impact to his portfolio due to this purchase was 0.16%. His holdings were 1,138,113 shares as of 03/31/2009.
SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. The company provides a wide range of financial services processing capabilities and information technology to meet the needs of educational institutions lenders students and guarantee agencies. SLM Corp. has a market cap of $2.16 billion; its shares were traded at around $4.63 with a P/E ratio of 6.8 and P/S ratio of 0.3. SLM Corp. had an annual average earning growth of 12.8% over the past 10 years.
Reduced: IDT Corp. (IDT, Financial)
Irving Kahn reduced to his holdings in IDT Corp. by 66.67%. His sale prices were between $0.81 and $1.25, with an estimated average price of $1.1. The impact to his portfolio due to this sale was -0.01%. Irving Kahn still held 38,351 shares as of 03/31/2009.
IDT Corporation through its IDT Telecom subsidiary is a facilities-based multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. IDT Telecom by means of its own national telecommunications backbone and fiber optic network infrastructure provides its customers with integrated and competitively priced international and domestic long distance and domestic all-distance telephony and prepaid calling cards. IDT Corp. has a market cap of $32.9 million; its shares were traded at around $1.35 .
Reduced: KeyCorp (KEY, Financial)
Irving Kahn reduced to his holdings in KeyCorp by 36.26%. His sale prices were between $5.36 and $8.4, with an estimated average price of $7.2. The impact to his portfolio due to this sale was -0.03%. Irving Kahn still held 19,188 shares as of 03/31/2009.
KeyCorp is an integrated multi-line financial services company. Its subsidiaries provide a wide range of investment management retail and commercial banking consumer finance and investment banking products and services to corporate individual and institutional clients through four lines of business: Key Retail Banking Key Specialty Finance Key Corporate Capital and Key Capital Partners. KeyCorp has a market cap of $3 billion; its shares were traded at around $6.07 with and P/S ratio of 0.5. The dividend yield of KeyCorp stocks is 4.2%. KeyCorp had an annual average earning growth of 9.9% over the past 5 years.
Reduced: Questar Corp. (STR, Financial)
Irving Kahn reduced to his holdings in Questar Corp. by 33.4%. His sale prices were between $25.67 and $35.91, with an estimated average price of $31.8. The impact to his portfolio due to this sale was -0.04%. Irving Kahn still held 15,950 shares as of 03/31/2009.
Questar Corporation is a diversified energy services holding company. It has two basic divisions--Market Resources and Regulated Services. Market Resources engages in energy development and production; gas gathering andprocessing; and wholesale gas electricity and hydrocarbon liquids marketing and trading. Regulated Services conducts interstate gas transmission and storage activities and retail gas distribution services. The Company is also involved in information and communication systems and technologies. Questar Corp. has a market cap of $5.25 billion; its shares were traded at around $30.19 with a P/E ratio of 7.6 and P/S ratio of 1.5. The dividend yield of Questar Corp. stocks is 1.7%. Questar Corp. had an annual average earning growth of 15% over the past 10 years. GuruFocus rated Questar Corp. the business predictability rank of 3.5-star.
Reduced: I D T CORP (IDT-C)
Irving Kahn reduced to his holdings in I D T CORP by 67.92%. His sale prices were between $0.84 and $1.14, with an estimated average price of $1. The impact to his portfolio due to this sale was -0.16%. Irving Kahn still held 726,414 shares as of 03/31/2009.
IDT Corporation is a leading facilities-based emerging multinational carrier that provides a broad range of telecommunications services to wholesale and retail customers worldwide. The company offers integrated and competitively priced international and domestic long distance telecommunications service and Internet access. The company's telecommunications services include wholesale carrier services prepaid calling cards international retail services and domestic long distance services. I D T CORP has a market cap of $31.6 million; its shares were traded at around $1.25 .
