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Jeff Auxier Buys H&R Block Inc., Bridgepoint Education Inc, Amgen Inc., Career Education Corp., Amgen Inc., Cisco Systems Inc., Sells Universal Technical Institute Inc.

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Jeff Auxier is probably not a well known mutual fund manager. But he is one of the most respected investors of Don Yacktman. This tells us something. We have just added Mr. Auxier into our list of Premium Gurus.

Jeff Auxier is the manager of Auxier Focus Fund. For the 10-year period ended on Dec. 31, 2009, his fund gained 78.4% cumulatively, while the S&P500 lost 8.1%. Jeff Auxier tries to find compelling, undervalued companies that ideally exhibit the following attributes:

* Strong or improving fundamentals

* Consistency in operating results

* A substantial advantage over competition (strong franchise)

* A demonstrated ability to earn high rates of return on capital

* Understandable products

* Honest, competent shareholder-oriented management

* Intelligent capital allocation policies

* Generates substantial free cash flow with nominal mandatory capital requirements

* A strong balance sheet and financial flexibility

Similar to Donald Yacktman, Jeff Auxier likes high quality, large cap stocks right now. These are his thoughts on the market:

The powerful fiscal and monetary stimulus orchestrated by the Fed has worked to bring “animal spirits” back to the markets. A zero interest rate policy has rewarded speculators (to the detriment of savers) as the highest risk categories have shown dramatic outperformance. Ironically, many of the more stable, higher quality stocks have lagged. But they now represent better relative value and could prove to be the best place to endure once the proverbial punch bowl is removed. Prognostications can be expensive when wrong, of course. So our approach is to seek the right business with tenacious, high-integrity managements more than equal to the most daunting challenges.”

Jeff Auxier buys H&R Block Inc., Bridgepoint Education Inc, Amgen Inc., Career Education Corp., Cisco Systems Inc., sells Universal Technical Institute Inc. during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Auxier Focus Fund. Jeff Auxier owns 103 stocks with a total value of $96 million. These are the details of the buys and sells.

For the details of Jeff Auxier's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Jeff+Auxier

This is the sector weightings of his portfolio:

Consumer Goods 22.8%
Consumer Services 16.7%
Health Care 15.9%
Financials 12.3%
Industrials 11.4%
Oil & Gas 6.8%
Telecommunications 4.8%
Technology 4.8%
Basic Materials 2.7%


These are the top 5 holdings of Jeff Auxier

  1. DR PEPPER SNAPPLE GP (DPS) - 123,137 shares, 4.89% of the total portfolio. Shares reduced by 4%
  2. PHILIP MORRIS INTERNATIONAL INC (PM) - 96,765 shares, 4.67% of the total portfolio.
  3. WellPoint Inc. (WLP) - 49,100 shares, 2.83% of the total portfolio. Shares reduced by 2%
  4. The Travelers Companies Inc. (TRV) - 52,795 shares, 2.81% of the total portfolio.
  5. WalMart Stores Inc. (WMT) - 51,875 shares, 2.76% of the total portfolio.


Added: Weight Watchers International Inc. (WTW)

Jeff Auxier added to his holdings in Weight Watchers International Inc. by 272%. His purchase prices were between $24.39 and $30.25, with an estimated average price of $27.69. The impact to his portfolio due to this purchase was 1.3%. His holdings were 64,800 shares as of 03/31/2010.

Weight Watchers International, Inc. is the largest provider of weight control programs in the world. Weight Watchers International Inc. has a market cap of $2.01 billion; its shares were traded at around $26.06 with a P/E ratio of 10 and P/S ratio of 1.5. The dividend yield of Weight Watchers International Inc. stocks is 2.7%. Weight Watchers International Inc. had an annual average earning growth of 12.7% over the past 10 years.

Added: Verizon Communications Inc. (VZ)

Jeff Auxier added to his holdings in Verizon Communications Inc. by 41%. His purchase prices were between $28.37 and $33.42, with an estimated average price of $30.15. The impact to his portfolio due to this purchase was 0.33%. His holdings were 36,910 shares as of 03/31/2010.

Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world's providers of high-growth communications services. Verizon Communications Inc. has a market cap of $82.14 billion; its shares were traded at around $29.06 with a P/E ratio of 12.5 and P/S ratio of 0.8. The dividend yield of Verizon Communications Inc. stocks is 6.5%. Verizon Communications Inc. had an annual average earning growth of 2.3% over the past 10 years.

Added: The Kroger Co. (KR)

Jeff Auxier added to his holdings in The Kroger Co. by 17%. His purchase prices were between $20.24 and $22.9, with an estimated average price of $21.53. The impact to his portfolio due to this purchase was 0.29%. His holdings were 98,100 shares as of 03/31/2010.

Kroger Company is one of the larger grocery retailers in the United States. The Kroger Co. has a market cap of $13.04 billion; its shares were traded at around $20.18 with a P/E ratio of 12.4 and P/S ratio of 0.2. The dividend yield of The Kroger Co. stocks is 1.9%. The Kroger Co. had an annual average earning growth of 3.8% over the past 10 years. GuruFocus rated The Kroger Co. the business predictability rank of 3-star.

Added: Exxon Mobil Corp. (XOM)

Jeff Auxier added to his holdings in Exxon Mobil Corp. by 20%. His purchase prices were between $64.35 and $70.3, with an estimated average price of $66.76. The impact to his portfolio due to this purchase was 0.27%. His holdings were 24,515 shares as of 03/31/2010.

Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $289.99 billion; its shares were traded at around $61.94 with a P/E ratio of 14 and P/S ratio of 1. The dividend yield of Exxon Mobil Corp. stocks is 2.9%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.

Added: Apollo Group Inc. (APOL)

Jeff Auxier added to his holdings in Apollo Group Inc. by 97%. His purchase prices were between $56.92 and $64.65, with an estimated average price of $61.25. The impact to his portfolio due to this purchase was 0.17%. His holdings were 7,000 shares as of 03/31/2010.

Apollo Group, Inc. has been providing higher education to working adults for over 25 years. Apollo Group Inc. has a market cap of $7.03 billion; its shares were traded at around $46.55 with a P/E ratio of 10.1 and P/S ratio of 1.7. Apollo Group Inc. had an annual average earning growth of 26.4% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.

Added: AT&T Inc. (T)

Jeff Auxier added to his holdings in At&t Inc. by 46%. His purchase prices were between $24.77 and $28.58, with an estimated average price of $25.85. The impact to his portfolio due to this purchase was 0.14%. His holdings were 16,075 shares as of 03/31/2010.

AT&T Inc. is a premier communications holding company. At&t Inc. has a market cap of $149.85 billion; its shares were traded at around $25.36 with a P/E ratio of 11.8 and P/S ratio of 1.2. The dividend yield of At&t Inc. stocks is 6.6%. At&t Inc. had an annual average earning growth of 2.8% over the past 10 years.

Added: Granite Construction Inc. (GVA)

Jeff Auxier added to his holdings in Granite Construction Inc. by 23%. His purchase prices were between $27.63 and $35.82, with an estimated average price of $31.02. The impact to his portfolio due to this purchase was 0.06%. His holdings were 11,150 shares as of 03/31/2010.

Granite Construction, Inc. is a diversified heavy civil constractor and construction materials producer. Granite Construction Inc. has a market cap of $1 billion; its shares were traded at around $25.89 with a P/E ratio of 33.2 and P/S ratio of 0.5. The dividend yield of Granite Construction Inc. stocks is 2%. Granite Construction Inc. had an annual average earning growth of 11.7% over the past 10 years.

New Purchase: H&R Block Inc. (HRB)

Jeff Auxier initiated holdings in H&R Block Inc.. His purchase prices were between $16.57 and $23.07, with an estimated average price of $19.86. The impact to his portfolio due to this purchase was 0.79%. His holdings were 48,550 shares as of 03/31/2010.

H&R Block Inc. is a diversified company involved in tax return preparation, electronic filing of income tax returns and other tax-related services. H&r Block Inc. has a market cap of $5.03 billion; its shares were traded at around $15.27 with a P/E ratio of 10.3 and P/S ratio of 1.3. The dividend yield of H&R Block Inc. stocks is 3.9%.

New Purchase: Bridgepoint Education Inc (BPI)

Jeff Auxier initiated holdings in Bridgepoint Education Inc. His purchase prices were between $14.27 and $25.4, with an estimated average price of $17.63. The impact to his portfolio due to this purchase was 0.25%. His holdings were 11,600 shares as of 03/31/2010.

Bridgepoint Education, Inc. provides postsecondary education services. Bridgepoint Education Inc has a market cap of $1.03 billion; its shares were traded at around $18.94 with a P/E ratio of 12.2 and P/S ratio of 2.3.

New Purchase: Career Education Corp. (CECO)

Jeff Auxier initiated holdings in Career Education Corp.. His purchase prices were between $20.79 and $32.92, with an estimated average price of $26.16. The impact to his portfolio due to this purchase was 0.2%. His holdings were 7,200 shares as of 03/31/2010.

Career Education Corporation is a provider of private, for-profit post-secondary education with campuses throughout the United States and Canada, the United Kingdom and the United Arab Emirates. Career Education Corp. has a market cap of $2.12 billion; its shares were traded at around $25.89 with a P/E ratio of 13.2 and P/S ratio of 1.2. Career Education Corp. had an annual average earning growth of 12.8% over the past 10 years.

New Purchase: Amgen Inc. (AMGN)

Jeff Auxier initiated holdings in Amgen Inc.. His purchase prices were between $55.71 and $60.09, with an estimated average price of $57.5. The impact to his portfolio due to this purchase was 0.2%. His holdings were 3,434 shares as of 03/31/2010.

Amgen Inc. discovers, develops and delivers innovative human therapeutics. Amgen Inc. has a market cap of $53.76 billion; its shares were traded at around $56.12 with a P/E ratio of 11 and P/S ratio of 3.7. Amgen Inc. had an annual average earning growth of 18.1% over the past 10 years. GuruFocus rated Amgen Inc. the business predictability rank of 4-star.

New Purchase: Cisco Systems Inc. (CSCO)

Jeff Auxier initiated holdings in Cisco Systems Inc.. His purchase prices were between $22.47 and $26.65, with an estimated average price of $24.63. The impact to his portfolio due to this purchase was 0.19%. His holdings were 7,925 shares as of 03/31/2010.

Cisco Systems, Inc. is the worldwide leader in networking for the Internet. Cisco Systems Inc. has a market cap of $131.52 billion; its shares were traded at around $22.97 with a P/E ratio of 17.8 and P/S ratio of 3.6. Cisco Systems Inc. had an annual average earning growth of 20% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3.5-star.

Reduced: Universal Technical Institute Inc. (UTI)

Jeff Auxier reduced to his holdings in Universal Technical Institute Inc. by 31%. His sale prices were between $17.65 and $26.35, with an estimated average price of $22.54. The impact to his portfolio due to this sale was -0.19%. Jeff Auxier still held 23,025 shares as of 03/31/2010.

Universal Technical Institute, Inc. provides technical education training in automotive, diesel, collision repair and refinishing, motorcycle, marine and personal watercraft technologies. Universal Technical Institute Inc. has a market cap of $578.9 million; its shares were traded at around $24 with a P/E ratio of 23.3 and P/S ratio of 1.6.


Rating: 3.1/5 (12 votes)

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