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Mohnish Pabrai Top Buys: Cresud Inc. (ADR) (CRESY), Wells Fargo & Company (WFC), Berkshire Hathaway Inc. (BRK-B), Teck Resources Limited ( USA) (TCK)

Mohnish Pabrai 1Q09 Top Buys

June 11, 2009 | About:
Summary 1Q09 saw Mohnish Pabrai buying into these companies the most: Cresud Inc. (ADR) (NASDAQ:CRESY), Wells Fargo & Company (NYSE:WFC), Berkshire Hathaway Inc. (BRK-B), Teck Resources Limited (USA) (NYSE:TCK)

Top Buys:

No. 1: Cresud Inc. (ADR) (NASDAQ:CRESY), Added: 805,723 Shares

CRESUD SA-ADR is involved in the Agriculture Industry. They are based in Argentine and they produce basic agricultural products. Products such as beef milk or crops. Cresud S.A.C.I.F. y A. has a market cap of $493 million; its shares were traded at around $10.28 with and P/S ratio of 9.5. The dividend yield of Cresud S.A.C.I.F. y A. stocks is 1%.

Mohnish bought 643,408 shares of CRESY in 4Q08 and increased it to 1,439,131 shares in 1Q09.

No. 2: Wells Fargo & Company (NYSE:WFC), Buy: 371,001 Shares [/b]

This might be another stock idea Mohnish picked up from Warren Buffett. As if his ownership in WFC is not enough through the ownership of BRK-B, Mohnish decided to own some extra shares of WFC.

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Company has a market cap of $117.2 billion; its shares were traded at around $24.91 with a P/E ratio of 30.4 and P/S ratio of 2.2. The dividend yield of Wells Fargo & Company stocks is 0.8%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Wells Fargo & Company the business predictability rank of 4-star.

Mohnish picked up 371,001 shares of WFC in1Q09.

No. 3: Berkshire Hathaway Inc. (BRK-B), Added 5,634 shares.

Berkshire Hathaway Inc. has a market cap of $40.23 billion; its shares were traded at around $2925 with and P/S ratio of 0.4. Berkshire Hathaway Inc. had an annual average earning growth of 1.7% over the past 10 years.

Mohnish uses BRK-B as a glorified cash account. He bought 5,634 shares in 1Q08.

No. 4: Teck Resources Limited ( USA) (NYSE:TCK), Added: 32,200 Shares

Teck Resources Limited is a diversified resource company committed to mining and mineral development with major business units focused on copper metallurgical, coal, zinc, gold and energy. It is a world leader in the production of copper metallurgical, coal, and zinc a significant producer of gold molybdenum and specialty metals with interests in several oil sands development assets. It also sells electrical power that is surplus to its requirements at the Trail metallurgical operations. Teck Teck Resources Limited has a market cap of $8.67 billion; its shares were traded at around $18.15 with a P/E ratio of 6.2 and P/S ratio of 1.3.

Mohnish bought 977,301 shares in 4Q08 and increased his total stake to 1,009,501 shares in 1Q09.

Conclusion

It seems Mohnish likes to play it safe (BRK-B, WFC) at home, but once he go beyond the country’s border, he becomes more venturous with buys like CRESY and TCK


Rating: 2.4/5 (14 votes)

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