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High Growth Steve Mandel Stocks: eBay Inc., Precision Castparts Corp., Green Mountain Coffee Roasters Inc., Southwestern Energy Company, Monsanto Company

April 08, 2010 | About:
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Buffetteer

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Steve Mandel is the founder of Lone Pine Capital, a long/short equity money manager, which he started in 1997. Prior to founding LPC, Mr. Mandel was senior managing director and consumer analyst at Tiger Management Corporation (1990-1997), mass-market retailing analyst at Goldman, Sachs (1984-1990) and senior consultant at Mars and Company (1982-1984). Mandel graduated from Harvard Business in 1982.

Steve Mandel owns holdings in 53 companies, worth $10.45 billion. 18% of his holdings are in technology stocks, 22.8% in financials, and 24.4% in consumer services.

To see his most recent buys and sells read this article. In the fourth quarter, Steve Mandel raises his exposure to retail, banks, and industrial goods, and drops some consumer goods: Philip Morris Int’l and Coke. He likes to invest in domestic and non-domestic companies with consumer motivated markets.

Below are Mandel’s investing trends from March 2008 to December 2009.

Year to Year Trend To list a few Companies
Technology Sold Half
Financial Steadily Increased HSBC Holdings, Bank of America,

Mead Johnson, JPMorgan, Etrade
Utility Sold Out
Telecom Nearly Sold Out Citrix, Autodesk, Qcom
Consumer Service Steadily Increased Yum, Disney, Marvel
Health care Added Baxter International
Consumer goods Sold Ebay, CVS, Staples,

Green Mountain, McD
Industrials Added Accenture, Goodrich, Precision

Castparts, Monsanto
Oil & Gas Nearly Sold Out Southwest Energy


You can also follow another article: Mandel’s High Yield Stocks—these are the stocks with the highest dividend yield in Steve Mandel's Portfolio. To see a break-down of Mandel’s portfolio go to Top Yield Stocks, Top Growth Stocks, Low P/E Stocks, and Insider Buys.

eBay Inc. (EBAY)

eBay is one of the world's largest online trading communities. Ebay Inc. has a market cap of $35.32 billion; its shares were traded at around $27.1925 with a P/E ratio of 21.08 and P/S ratio of 4.05. Ebay Inc. had an annual average earning growth of 43.4% over the past 10 years.

eBay launches a new fashion micro-site this spring to expand its retail ground. In NY court, Tiffany and Co. is appealing its suit against eBay for trademark infringement and allowing auctions of fake Tiffany-branded merchandise. Paypal plans to double its staff in its Asian operations to 2,000 workers. Paypal’s suspension of transactions in India could last several months.

Steve Mandel bought 8,042,649 shares in the quarter that ended on 12/31/2009, which is 1.81% of the $10.45 billion portfolio of Lone Pine Capital.

Precision Castparts Corp. (PCP)

Precision Castparts Corp. is a worldwide manufacturer of industrial metal components and products. Precision Castparts Corp. has a market cap of $17.26 billion; its shares were traded at around $121.79 with a P/E ratio of 18.12 and P/S ratio of 2.53. The dividend yield of Precision Castparts Corp. stocks is 0.1%. Precision Castparts Corp. had an annual average earning growth of 30.6% over the past 10 years. GuruFocus rated Precision Castparts Corp. the business predictability rank of 2-star.

3Q earnings declined to $232.9 million, or $1.64 per share. The company buys 49% stake in China’s YangZhou Chengde Steel Tube Company.

Steve Mandel owns 1,320,855 shares as of 12/31/2009, which accounts for 1.39% of the $10.45 billion portfolio of Lone Pine Capital.

Green Mountain Coffee Roasters Inc. (GMCR)

Coffee distributor Green Mountain Coffee Roasters Inc has a market cap of $4.1 billion; its shares were traded at around $93.9 with a P/E ratio of 72.05 and P/S ratio of 5.11. Green Mountain Coffee Roasters Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Green Mountain Coffee Roasters Inc. the business predictability rank of 4-star.

The company extends their offerings to acquire the California-based Company, Diedrich Coffee Inc. Green Mountain Coffee Roasters will be supplying coffee single-pods for Smucker’s Folgers brands.

Steve Mandel owns 3,803,287 shares as of 12/31/2009, which accounts for 2.96% of the $10.45 billion portfolio of Lone Pine Capital.

Southwestern Energy Company (SWN)

A Houston-based natural gas Company, Southwestern Energy has a market cap of $13.71 billion; its shares were traded at around $39.6 with a P/E ratio of 26.23 and P/S ratio of 6.39. Southwestern Energy Company had an annual average earning growth of 20% over the past 10 years.

The company’s CEO Harold M. Korell stepped down in April 2010. Crude prices stayed at $82 a barrel for the week. Southwestern Energy expects a 36% percent growth in gas production in this year. As the economy turns around, Goldman Sachs and other analysts upgraded SWN.

Steve Mandel owns 1,988,979 shares as of 12/31/2009, a decrease of 60.61% of from the previous quarter. This position accounts for 0.92% of the $10.45 billion portfolio of Lone Pine Capital.

Monsanto Company (MON)

Monsanto is an agricultural specialty chemicals company. The company has a market cap of $39.4 billion; its shares were traded at around $72.2 with a P/E ratio of 21.24 and P/S ratio of 3.36. The dividend yield of Monsanto Company stocks is 1.47%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.

The company plans to expand their business into genetic engineered (biotech) seeds, additional to agriculture chemicals. Monsanto reported 2Q earnings of $887 million or $1.60 a share, compared to $1.09 billion or $1.97 a share same quarter of 2009. Revenue fell from $4.04 billion to $3.89 billion.

Steve Mandel owns 8,185,449 shares as of 12/31/2009, which accounts for 6.4% of the $10.45 billion portfolio of Lone Pine Capital.

www.lonepinecapital.com

Lone Pine Holdings SEC-13 filing


Rating: 3.6/5 (5 votes)

Comments

superguru
Superguru - 4 years ago
You have for Steve Mandel

Utility - Sold Out

Oil and Gas - Nearly Sold out.

I have some utilities and energy companies in my buy list - XOM, NRG and EXC.

are these cyclical and is it wrong time to buy them? (I am still new to all this so still learning.)

or may be Steve moved to other areas because he saw better opportunities somewhere else?

Any known macro headwinds against these industries?

Please leave your comment:


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