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

June 11, 2009 | About:
gururk

guruek

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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.


Rating: 2.6/5 (20 votes)

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