GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Oak Value Top Holdings: Berkshire Hathaway Inc., Avon Products Inc., Praxair Inc., Coach Inc., AFLAC Inc., Oracle Corp.

Saj Karsan

guruek

80 followers
Larry Coats, CEO of Oak Value Capital, talked to CNBC today about where they invest money right now.

Coasts reported that one of his positions, Oracle, which reported very good quarterly results last week, could be a preview of the quarterly reports of companies that he company hold. He thinks the market is probably over reacting to economy data and thinks the earning growth for stocks in his portfolio will continue.

He said his fund has some financial exposures but it has avoided financial companies that depend on the generosities of the strangers, or in another word, investment banks. He thinks these businesses are not “great businesses” before the financial regulation reform, and their fortune are not going to be improved with the reform.

Coasts commented on his position in Berkshire Hathaway and some insurance companies, thinking it will benefit from the volatility in the stock market.

Coasts stated that he is bullish about “great businesses” that are portable. These businesses can take their operations overseas where they can achieve better growth.

























These are the Oak Fund’s top holdings as of March 31, 2010:

No. 1: Berkshire Hathaway Inc. (BRK.A), Weightings: 12.12% - 199 Shares

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $199.62 billion; its shares were traded at around $121200 with a P/E ratio of 23.2 and P/S ratio of 2.1. Berkshire Hathaway Inc. had an annual average earning growth of 13.2% over the past 10 years.

Oak Value sold 15 shares of Class A of Berkshire Hathaway Inc during 1Q10.



No. 2: Avon Products Inc. (AVP), Weightings: 5.28% - 311,951 Shares

Avon Products, Inc. is one of the world's manufacturers and marketers of beauty and related products. Avon Products Inc. has a market cap of $11.9 billion; its shares were traded at around $27.78 with a P/E ratio of 15.3 and P/S ratio of 1.1. The dividend yield of Avon Products Inc. stocks is 3.2%. Avon Products Inc. had an annual average earning growth of 4.2% over the past 10 years. GuruFocus rated Avon Products Inc. the business predictability rank of 2.5-star.

Oak Value sold 25,000 shares of the stock during the quarter during 1Q10.



No. 3: Praxair Inc. (PX), Weightings: 5.11% - 123,239 Shares

Praxair is one of the largest industrial gases companies in North and South America. Praxair Inc. has a market cap of $24.28 billion; its shares were traded at around $79.35 with a P/E ratio of 19.1 and P/S ratio of 2.7. The dividend yield of Praxair Inc. stocks is 2.3%. Praxair Inc. had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Praxair Inc. the business predictability rank of 4-star.

Oak Value bought about 19,000 shares during 1Q10.



No. 4: Coach Inc. (COH), Weightings: 5.06% - 256,195 Shares

Coach Inc. is a designer, producer and marketer of high-quality, modern, American classic accessories. Coach Inc. has a market cap of $11.91 billion; its shares were traded at around $39.03 with a P/E ratio of 18.5 and P/S ratio of 3.7. The dividend yield of Coach Inc. stocks is 1.5%. Coach Inc. had an annual average earning growth of 37.2% over the past 10 years.

Oak Value should about 4,500 shares during 1Q10.



No. 5: AFLAC Inc. (AFL), Weightings: 4.88% - 179,829 Shares

AFLAC Inc. is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. AFLAC Inc. has a market cap of $21.03 billion; its shares were traded at around $44.78 with a P/E ratio of 8.9 and P/S ratio of 1.2. The dividend yield of Aflac Inc. stocks is 2.5%. AFLAC Inc. had an annual average earning growth of 11.5% over the past 10 years. GuruFocus rated AFLAC Inc. the business predictability rank of 3-star.

Oak Value bout 120,000 shares of the stock during 1Q10.



No. 6: Oracle Corp. (ORCL), Weightings: 4.75% - 369,767 Shares

Oracle Corporation is one of the world's suppliers of software for information management. Oracle Corp. has a market cap of $112.68 billion; its shares were traded at around $22.45 with a P/E ratio of 14.1 and P/S ratio of 4.2. The dividend yield of Oracle Corp. stocks is 0.9%. Oracle Corp. had an annual average earning growth of 15.6% over the past 10 years. GuruFocus rated Oracle Corp. the business predictability rank of 3-star.

Oak Value bought 29,000 share of this stock during 1Q10.



Conclusion

Oak Value invests in businesses that are “great”, which by their definition are businesses that can ported overseas and draw good portion of their revenue and earning internationally.

GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Oak Value 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
Saj Karsan founded an investment and research firm that is based on the principles of value investing. He has an MBA from the Richard Ivey School of Business, and an undergraduate engineering degree from McGill University.

Rating: 4.0/5 (5 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