Irving Kahn worked with Ben Graham when he was younger. He is the only living value investor who experienced the Great Depression as an adult. So what is he doing at the time of the Great Recession? Buying! This is his Q3 portfolio update.
Irving Kahn buys Astec Industries Inc., Pattersonuti Energy Inc. during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Kahn Brothers & Company Inc.. Irving Kahn owns 60 stocks with a total value of $445 million. These are the details of the buys and sells.
For the details of Irving Kahn's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Irving+Kahn
This is the sector weightings of his portfolio:
These are the top 5 holdings of Irving Kahn
Citigroup Inc. has a market cap of $92.83 billion; its shares were traded at around $4.06 with and P/S ratio of 1.76. Citigroup Inc. had an annual average earning growth of 5.1% over the past 10 years.
Bristol-Myers Squibb Company is a global leader in the research and development of innovative lifesaving and life-enhancing treatments for heart disease; high blood pressure; stroke; diabetes; cancer; HIV/AIDS and other infectious diseases; depressionschizophrenia and other mental disorders; pain; and other conditions. Bristolmyers Squibb Company has a market cap of $44.85 billion; its shares were traded at around $22.64 with a P/E ratio of 11.21 and P/S ratio of 2.18. The dividend yield of Bristolmyers Squibb Company stocks is 5.48%.
New York Community Bancorp Inc. has a market cap of $3.65 billion; its shares were traded at around $10.58 with a P/E ratio of 10.08 and P/S ratio of 2.25. The dividend yield of New York Community Bancorp Inc. stocks is 9.45%. 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.
Pfizer Inc is a research-based global pharmaceutical company that discovers and develops innovative value-added products that improve the quality of life of people around the world and help them enjoy longer healthier and more productive lives. Pfizer has three business segments: health care animal health and consumer health care. Its products are available in numerous countries. (Company Press Release) Pfizer Inc has a market cap of $114.47 billion; its shares were traded at around $16.96 with a P/E ratio of 7.78 and P/S ratio of 2.37. The dividend yield of Pfizer Inc stocks is 3.77%. Pfizer Inc had an annual average earning growth of 11% over the past 10 years. GuruFocus rated Pfizer Inc the business predictability rank of 2.5-star.
Comcast Corp. has a market cap of $41.87 billion; its shares were traded at around $14.59 with a P/E ratio of 12.69 and P/S ratio of 1.22. The dividend yield of Comcast Corp. stocks is 1.85%. Comcast Corp. had an annual average earning growth of 9.6% over the past 10 years.
Mbia Inc. has a market cap of $904.78 million; its shares were traded at around $4.35 with and P/S ratio of 0.29. Mbia Inc. had an annual average earning growth of 18.9% over the past 10 years.
USG Corp. through its subsidiaries is a leading manufacturer and distributor of building materials producing a wide range of products for use in new residential new nonresidential and repair and remodel construction as well as products used in certain industrial processes. USG's operations are organized into three operating segments: North American Gypsum Worldwide Ceilings and Building Products Distribution. Usg Corp. has a market cap of $1.39 billion; its shares were traded at around $14.06 with and P/S ratio of 0.3.
Nam Tai Electronics Inc. provides design and manufacturing services to original equipment manufacturers of consumer electronic products. Nam Tai Electronics Inc. has a market cap of $242.84 million; its shares were traded at around $5.42 with a P/E ratio of 30.11 and P/S ratio of 0.39. Nam Tai Electronics Inc. had an annual average earning growth of 21.9% over the past 10 years. GuruFocus rated Nam Tai Electronics Inc. the business predictability rank of 4-star.
The New York Times Company has a market cap of $1.18 billion; its shares were traded at around $8.17 with a P/E ratio of 43 and P/S ratio of 0.4.
Astec Industries Inc. designs engineers manufactures markets and finances equipment and components used primarily in road building and related construction activities. Astec Industries Inc. has a market cap of $546.3 million; its shares were traded at around $24.25 with a P/E ratio of 20.21 and P/S ratio of 0.56.
Patterson is one of the leading providers of domestic land drilling services to major & independent oil & natural gas companies. PattersonUTI Energy Inc. has a market cap of $2.42 billion; its shares were traded at around $15.78 with a P/E ratio of 30.94 and P/S ratio of 1.1. The dividend yield of PattersonUTI Energy Inc. stocks is 1.27%. PattersonUTI Energy Inc. had an annual average earning growth of 26% over the past 10 years. GuruFocus rated PattersonUTI Energy Inc. the business predictability rank of 2-star.
Irving Kahn buys Astec Industries Inc., Pattersonuti Energy Inc. during the 3-months ended 09/30/2009, according to the most recent filings of his investment company, Kahn Brothers & Company Inc.. Irving Kahn owns 60 stocks with a total value of $445 million. These are the details of the buys and sells.
For the details of Irving Kahn's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Irving+Kahn
This is the sector weightings of his portfolio:
| Health Care | 40.4% |
| Financials | 33.8% |
| Consumer Goods | 7.8% |
| Industrials | 5.6% |
| Technology | 4.8% |
| Consumer Services | 3% |
| Oil & Gas | 0.9% |
| Telecommunications | 0.4% |
| Utilities | 0.2% |
| Basic Materials | 0.2% |
These are the top 5 holdings of Irving Kahn
- New York Community Bancorp Inc. (NYB) - 4,098,061 shares, 10.52% of the total portfolio
- BristolMyers Squibb Company (BMY) - 1,738,102 shares, 8.8% of the total portfolio
- Pfizer Inc (PFE) - 2,218,062 shares, 8.25% of the total portfolio
- ScheringPlough Corp. (SGP) - 1,114,093 shares, 7.08% of the total portfolio
- Old Republic International Corp. (ORI) - 2,406,358 shares, 6.59% of the total portfolio
Added: Citigroup Inc. (C, Financial)
Irving Kahn added to his holdings in Citigroup Inc. by 3034.98%. His purchase prices were between $2.59 and $5.23, with an estimated average price of $3.85. The impact to his portfolio due to this purchase was 2.42%. His holdings were 2,298,692 shares as of 09/30/2009.Citigroup Inc. has a market cap of $92.83 billion; its shares were traded at around $4.06 with and P/S ratio of 1.76. Citigroup Inc. had an annual average earning growth of 5.1% over the past 10 years.
Added: Bristol-Myers Squibb Company (BMY, Financial)
Irving Kahn added to his holdings in Bristol-Myers Squibb Company by 10.17%. His purchase prices were between $19.37 and $22.95, with an estimated average price of $21.53. The impact to his portfolio due to this purchase was 0.81%. His holdings were 1,738,102 shares as of 09/30/2009.Bristol-Myers Squibb Company is a global leader in the research and development of innovative lifesaving and life-enhancing treatments for heart disease; high blood pressure; stroke; diabetes; cancer; HIV/AIDS and other infectious diseases; depressionschizophrenia and other mental disorders; pain; and other conditions. Bristolmyers Squibb Company has a market cap of $44.85 billion; its shares were traded at around $22.64 with a P/E ratio of 11.21 and P/S ratio of 2.18. The dividend yield of Bristolmyers Squibb Company stocks is 5.48%.
Added: New York Community Bancorp Inc. (NYB, Financial)
Irving Kahn added to his holdings in New York Community Bancorp Inc. by 4.99%. His purchase prices were between $10.09 and $11.83, with an estimated average price of $10.91. The impact to his portfolio due to this purchase was 0.5%. His holdings were 4,098,061 shares as of 09/30/2009.New York Community Bancorp Inc. has a market cap of $3.65 billion; its shares were traded at around $10.58 with a P/E ratio of 10.08 and P/S ratio of 2.25. The dividend yield of New York Community Bancorp Inc. stocks is 9.45%. 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: Pfizer Inc (PFE, Financial)
Irving Kahn added to his holdings in Pfizer Inc by 4.78%. His purchase prices were between $14.2 and $16.86, with an estimated average price of $15.95. The impact to his portfolio due to this purchase was 0.38%. His holdings were 2,218,062 shares as of 09/30/2009.Pfizer Inc is a research-based global pharmaceutical company that discovers and develops innovative value-added products that improve the quality of life of people around the world and help them enjoy longer healthier and more productive lives. Pfizer has three business segments: health care animal health and consumer health care. Its products are available in numerous countries. (Company Press Release) Pfizer Inc has a market cap of $114.47 billion; its shares were traded at around $16.96 with a P/E ratio of 7.78 and P/S ratio of 2.37. The dividend yield of Pfizer Inc stocks is 3.77%. Pfizer Inc had an annual average earning growth of 11% over the past 10 years. GuruFocus rated Pfizer Inc the business predictability rank of 2.5-star.
Added: Comcast Corp. (CMCSA, Financial)
Irving Kahn added to his holdings in Comcast Corp. by 163.72%. His purchase prices were between $13.26 and $17.44, with an estimated average price of $15.22. The impact to his portfolio due to this purchase was 0.29%. His holdings were 123,990 shares as of 09/30/2009.Comcast Corp. has a market cap of $41.87 billion; its shares were traded at around $14.59 with a P/E ratio of 12.69 and P/S ratio of 1.22. The dividend yield of Comcast Corp. stocks is 1.85%. Comcast Corp. had an annual average earning growth of 9.6% over the past 10 years.
Added: Mbia Inc. (MBI, Financial)
Irving Kahn added to his holdings in Mbia Inc. by 5.99%. His purchase prices were between $3.65 and $8.24, with an estimated average price of $5.48. The impact to his portfolio due to this purchase was 0.24%. His holdings were 2,407,387 shares as of 09/30/2009.Mbia Inc. has a market cap of $904.78 million; its shares were traded at around $4.35 with and P/S ratio of 0.29. Mbia Inc. had an annual average earning growth of 18.9% over the past 10 years.
Added: Usg Corp. (USG, Financial)
Irving Kahn added to his holdings in Usg Corp. by 39.37%. His purchase prices were between $8.97 and $18.04, with an estimated average price of $13.92. The impact to his portfolio due to this purchase was 0.19%. His holdings were 177,000 shares as of 09/30/2009.USG Corp. through its subsidiaries is a leading manufacturer and distributor of building materials producing a wide range of products for use in new residential new nonresidential and repair and remodel construction as well as products used in certain industrial processes. USG's operations are organized into three operating segments: North American Gypsum Worldwide Ceilings and Building Products Distribution. Usg Corp. has a market cap of $1.39 billion; its shares were traded at around $14.06 with and P/S ratio of 0.3.
Added: Nam Tai Electronics Inc. (NTE, Financial)
Irving Kahn added to his holdings in Nam Tai Electronics Inc. by 5.87%. His purchase prices were between $4.05 and $6.03, with an estimated average price of $5.01. The impact to his portfolio due to this purchase was 0.13%. His holdings were 1,872,215 shares as of 09/30/2009.Nam Tai Electronics Inc. provides design and manufacturing services to original equipment manufacturers of consumer electronic products. Nam Tai Electronics Inc. has a market cap of $242.84 million; its shares were traded at around $5.42 with a P/E ratio of 30.11 and P/S ratio of 0.39. Nam Tai Electronics Inc. had an annual average earning growth of 21.9% over the past 10 years. GuruFocus rated Nam Tai Electronics Inc. the business predictability rank of 4-star.
Added: The New York Times Company (NYT, Financial)
Irving Kahn added to his holdings in The New York Times Company by 6.77%. His purchase prices were between $4.77 and $8.42, with an estimated average price of $7.25. The impact to his portfolio due to this purchase was 0.11%. His holdings were 931,850 shares as of 09/30/2009.The New York Times Company has a market cap of $1.18 billion; its shares were traded at around $8.17 with a P/E ratio of 43 and P/S ratio of 0.4.
New Purchase: Astec Industries Inc. (ASTE, Financial)
Irving Kahn initiated holdings in Astec Industries Inc.. His purchase prices were between $23.66 and $29.38, with an estimated average price of $26.4. The impact to his portfolio due to this purchase was 0.45%. His holdings were 79,000 shares as of 09/30/2009.Astec Industries Inc. designs engineers manufactures markets and finances equipment and components used primarily in road building and related construction activities. Astec Industries Inc. has a market cap of $546.3 million; its shares were traded at around $24.25 with a P/E ratio of 20.21 and P/S ratio of 0.56.
New Purchase: PattersonUTI Energy Inc. (PTEN, Financial)
Irving Kahn initiated holdings in Pattersonuti Energy Inc.. His purchase prices were between $11.63 and $15.31, with an estimated average price of $14. The impact to his portfolio due to this purchase was 0.06%. His holdings were 19,000 shares as of 09/30/2009.Patterson is one of the leading providers of domestic land drilling services to major & independent oil & natural gas companies. PattersonUTI Energy Inc. has a market cap of $2.42 billion; its shares were traded at around $15.78 with a P/E ratio of 30.94 and P/S ratio of 1.1. The dividend yield of PattersonUTI Energy Inc. stocks is 1.27%. PattersonUTI Energy Inc. had an annual average earning growth of 26% over the past 10 years. GuruFocus rated PattersonUTI Energy Inc. the business predictability rank of 2-star.
