10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Ken Heebner Top Purchases: Apple Inc., FreeportMcMoRan Copper & Gold Inc., FedEx Corp., Southern Copper Corp., Prudential Financial Inc.

November 23, 2009 | About:
(GuruFocus, November 23, 2009) Investment Guru Ken Heebner is a trader, tossing between tens of stocks at any given time. GuruFocus records that as of September 30, 2009, he has a stock portfolio of $6.72 distributed among 77 stocks and among them, 38 stocks are new names.

These are the top purchases of Ken Heebner in the third quarter of 2009:

No. 1: Apple Inc. (AAPL), Buy: 3.23% of the portfolio - Total: 1,169,900 Shares

Apple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple Inc. has a market cap of $179.09 billion; its shares were traded at around $199.92 with a P/E ratio of 31.83 and P/S ratio of 4.9. Apple Inc. had an annual average earning growth of 90.5% over the past 5 years.

No. 2: FreeportMcMoRan Copper & Gold Inc. (FCX), Buy: 6.11% of the portfolio - Total: 5,984,400 Shares

Freeport-McMoRan is engaged in mineral exploration and development, mining and milling of copper, gold, and silver in Indonesia, and the smelting and refining of copper concentrates in Spain and Indonesia. They are the world's lowest-cost copper producer and one of the world's largest producers of copper and gold. FCX's operations are conducted through its subsidiaries, P.T. Freeport Indonesia (PT-FI), P.T. IRJA Eastern Minerals Corporation (Eastern Mining) and through Atlantic Copper, S.A. (Atlantic). Freeportmcmoran Copper & Gold Inc. has a market cap of $36.37 billion; its shares were traded at around $84.57 with a P/E ratio of 31.44 and P/S ratio of 2.04. Freeportmcmoran Copper & Gold Inc. had an annual average earning growth of 15.1% over the past 10 years.

No. 3: FedEx Corp. (FDX), Add: 3.58% of the portfolio - Total: 4,003,500 Shares

FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Fedex Corp. has a market cap of $25.56 billion; its shares were traded at around $81.78 with a P/E ratio of 26.3 and P/S ratio of 0.72. The dividend yield of Fedex Corp. stocks is 0.54%. Fedex Corp. had an annual average earning growth of 17.7% over the past 10 years. GuruFocus rated Fedex Corp. the business predictability rank of 3.5-star.

No. 4: Southern Copper Corp. (PCU), Add: 3.97% of the portfolio - Total: 9,630,000 Shares

Southern Peru Copper Corp. objective is to increase stockholder value through earnings and cash flow growth in varied market conditions. They also intend to supplement internal growth by selectively pursuing value-enhancing acquisition opportunities. Southern Copper Corp. has a market cap of $29.64 billion; its shares were traded at around $34.87 with a P/E ratio of 65.79 and P/S ratio of 6.11. The dividend yield of Southern Copper Corp. stocks is 2.06%. Southern Copper Corp. had an annual average earning growth of 46.7% over the past 10 years.

No. 5: Prudential Financial Inc. (PRU), Buy: 3.42% of the portfolio - Total: 4,605,100 Shares

Prudential Financial, Inc. is one of the largest financial services institutions in the United States. They provide a wide range of insurance, investment management and other financial products and services. Prudential Financial Inc. has a market cap of $21.98 billion; its shares were traded at around $47.67 with a P/E ratio of 19.22 and P/S ratio of 0.84. The dividend yield of Prudential Financial Inc. stocks is 1.22%. Prudential Financial Inc. had an annual average earning growth of 3.6% over the past 5 years.

Conclusions:

For the time, as of the third quarter of 2009, Heebner likes Copper related stocks (PCU and FCX).

GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Ken Heebner for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.

About the author:

guruek
Ravi Nagarajan is a private investor and Editor of The Rational Walk website. Ravi focuses on applying value investing techniques to find securities trading well below intrinsic business value. Ravi has over 15 years of experience in the financial markets and started investing on a full time basis in 2009. From 1996 to 2009, Ravi held a number of technical and executive level positions in the commercial software industry. Ravi graduated Summa Cum Laude from Santa Clara University with a degree in finance. Visit his website The Rational Walk

Visit guruek's Website


Rating: 2.4/5 (8 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK