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Irving Kahn Top Buys: Merck & Co. Inc, New York Community Bancorp, Monsanto Company, MBIA Inc

June 11, 2009 | About:
Summary In 1Q09, Irving Kahn bought these stocks the most: Merck & Co. Inc. (MRK), New York Community Bancorp Inc. (NYB), Monsanto Company (MON), MBIA Inc. (MBI),

Irving Kahn Top Purchases Last Quarter

No. 1: Merck & Co. Inc. (MRK), Add: 197,156 shares

Merck & Co. Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Merck & Co. Inc. has a market cap of $53.95 billion; its shares were traded at around $25.59 with a P/E ratio of 7.8 and P/S ratio of 2.3. The dividend yield of Merck & Co. Inc. stocks is 5.9%.

Irving Kahn bought 197,156 shares, bring his long time holding in MRK to 869,232 shares.

No. 2: New York Community Bancorp Inc. (NYB), Add: 77,500 shares.

New York Community Bancorp Inc. is the holding company for New York Community Bank the fifth largest thrift in the nation. New York Community Bancorp Inc. has a market cap of $3.71 billion; its shares were traded at around $10.74 with a P/E ratio of 10.6 and P/S ratio of 2.2. The dividend yield of New York Community Bancorp Inc. stocks is 9.3%. 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.

Kahn bought 77,500 shares NYB in 1Q09, bring his total to 3,611,402 shares.

No. 3: Monsanto Company (MON), buy: 244,312 Shares

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. Monsanto Company has a market cap of $46.85 billion; its shares were traded at around $85.85 with a P/E ratio of 18.9 and P/S ratio of 4.1. 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.

Kahn has 244,312 shares as of 1Q09.

No. 4: MBIA Inc. (MBI), Add: 700,000 Shares

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. MBIA Inc. has a market cap of $1.28 billion; its shares were traded at around $6.15 with and P/S ratio of 0.4. MBIA Inc. had an annual average earning growth of 18.9% over the past 10 years.

Kahn bought into MBI in 4Q07 when MBI stocks closed at around $19 per share. He kept accumulating as the stock price plunged. In 1Q09, he bought over 700,000 shares, bringing his total to 1,954,960 shares.

Conclusion

Irving Kahn is a very patient investor. He pretty much stayed with his existing holdings. As the price of stocks decline, he simply bought some more.

About the author:

guruek
Mark's equity focus is identifying secular growth trends, and the companies most likely to benefit from these macro trends. Stocks are identified through fundamental analysis, although basic technical analysis is used in determining entry and exit points. With a degree in Economics from the University of Michigan, a broader understanding of the economy as a whole, along with interpreting investor psychology is also a major interest for Mark. His career background has focused on financial analysis in corporate America. Visit Mark's website at http://www.fundmymutualfund.com/

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