David Dreman

Last Update: 2014-05-15

Number of Stocks: 418
Number of New Stocks: 54

Total Value: $1,294 Mil
Q/Q Turnover: 17%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

David Dreman' s Profile & Performance

Profile

David Dreman is the founder and Chairman of Dreman Value Management, LLC and also serves as the firm's Chief Investment Officer. A regular columnist for Forbes for 25 years, Mr. Dreman's recent best-selling book, "Contrarian Investment Strategies: The Next Generation?" was published in the spring of 1998.

Web Page:http://www.dreman.com/news/

Investing Philosophy

The Contrarian and the value guru, Dreman's investment philosophy is based on low P/E approach to stock selection. The philosophy at Dreman Value Management: "We invest in undervalued companies that exhibit strong fundamentals, above-market dividend yields and historic earnings growth, which our analysis indicates will persist. Our strategy is to own strong, fundamentally sound companies and to avoid speculative stocks or potential bankruptcies." They believe that the markets are not perfectly efficient, and that behavioral psychology influences investor actions and reactions.

Total Holding History

Performance of Large Cap Fund ¨C Institution

YearReturn (%)S&P500 (%)Excess Gain (%)
2011-3.852.08-5.9
200933.2426.466.8
2008-45.06-37-8.1
3-Year Cumulative-29.6 (-11%/year)-18.7 (-6.7%/year)-10.9 (-4.3%/year)
2007-2.775.61-8.4
200617.6215.791.8
5-Year Cumulative-19.5 (-4.2%/year)-0.5 (-0.1%/year)-19 (-4.1%/year)
20058.624.913.7
200412.65120.6

Top Ranked Articles

Stock Market Valuation: September 1, 2011
I started this monthly market valuation series in December 2009. The motivation for the article was to debunk the pundits stating that the market was overvalued because PE TTM was 87. This was ridiculous because earnings were deflated by the worst economic crisis since the great depression. However, the question was how to value the market from a purely quantitative methodology; while ignoring all the outside noise and macro predictions of where the economy is headed. I looked for several different metrics to evaluate the market which over time have proven to be effective and decided to look at all the metrics, instead of just focusing on the last 12 months of earnings. Read more...
Jacob Wolinsky Interviews Legendary Value Investor David Dreman
David Dreman’s bio from Dreman.com: Read more...
Stock Market Valuation: October 1, 2011
I started this monthly market valuation series in December 2009. The motivation for the article was that I was getting tired of hearing that the market was overvalued because P/E TTM was 87. This was ridiculous because earnings were deflated by the worst economic crash since the great depression. However, the question was how to value the market from a purely quantitative methodology, while ignoring all the outside noise and macro predictions of where the economy is headed. I looked for several different metrics to evaluate the market which over time have proven to be effective and decided to look at all the metrics, instead of just focusing on the last 12 months of earnings. Read more...
David Dreman: A Very Undervalued Value Investor
When people think of some of the greatest investors and thinkers of our time names like Warren Buffett, and George Soros come to mind. Many other investors are highly respected inside and outside the value investing world, Bruce Berkowitz being a good example. Read more...
Three Top Investors Bet Big on the Inevitable
The most powerful people in the financial world are doing anything they can to prevent it. Read more...
» More David Dreman Articles

Commentaries and Stories

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Promising Regions and Projects for AES Corporation
In this article, let's take a look at The AES Corporation (AES), the world's largest independent power producer, which produces and distributes electricity in international and domestic markets. More...

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Why Anadarko Petroleum is a Solid Stock in a Promising Industry?
In this article, let's take a look at Anadarko Petroleum Corporation (APC), a $56.08 billion market cap company, which is one of the largest independent exploration and production companies in the world. More...

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Caterpillar Enjoys Key Growth Drivers
In this article let's take a look at Caterpillar Inc. (CAT), the world's largest producer of earthmoving equipment, and a big maker of electric power generators and engines used in petroleum markets, and mining equipment. More...

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Many Reasons to be Bullish on Ford
In this article, let's take a look at Ford Motor Co. (F), the second largest U.S. producer of cars and trucks, which is immerse in a highly cyclical industry. More...

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Guru Stocks at 52-Week Lows: UBS, BCS, CS, WFM, ROST
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Weekly Guru Bargains Highlights: DB, VOD, TWTR
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Top Insider Sells Highlight: Broadcom Corp.
President & CEO of Broadcom (BRCM) Scott McGregor sold 75,000 shares on July 14 at an average price of $37.78. The total transaction amount is $2,833,500. More...

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I Believe AstraZeneca Is Fairly Valued
AstraZeneca PLC (AZN), a $94.71 billion market cap company is a giant in the drug industry and has a trailing P/E ratio that indicates that the stock is relatively undervalued (22.7x vs 41.8x of industry mean). So in this article, let's take a look at a model which is applicable to stable, mature, dividend-paying firms and try to find the intrinsic value of the stock. Although the model has a number of characteristics that make it useful and appropriate for many applications, is by no means the be-all and end-all for valuation. The purpose is to force investors to evaluate different assumptions about growth and future prospects. More...

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Guru Stocks at 52-Week Lows: VOD, EC, BCS, MFG, CS
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Weekly Guru Bargains Highlights: VOD, DB, TWTR
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Using Growth and Value for Stock Selection David Dreman,Joel Greenblatt - Using Growth And Value For Stock Selection
Value investors come in all shapes and sizes. From the Ben Graham followers who look at book value or underlying tangible net asset worth to those who apply a value mindset to work in other ways, including earnings growth. I fall into the latter category. More...

GARP, PETER LYNCH


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Weekly Guru Bargains Highlights: DB, TWTR, VOD
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Weekly CEO Buys Highlight: NEP, OPK, EXXI, ISTR
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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Weekly Guru Bargains Highlights: DB, TWTR
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Ensco Could Be a Good Bet
In this article let's take a look at Ensco PLC (ESV), the international offshore oil and gas contract drilling company, which is the world's second largest offshore drilling rig fleet amongst competitive rigs, with an ultra-deepwater fleet which is the newest in the industry. More...

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Warren Buffett: Long Term Bullish on Bank of America
In this article let's take a look at Warren Buffett (Trades, Portfolio) who is the most respected and successful investor in history and is the primary shareholder, chairman and chief executive officer of Berkshire Hathaway (BRK.A) (BRK.B). Buffett has been extremely bullish on banks since U.S. recession. Although Berkshire's largest bank investment remains a $21 billion stake in Wells Fargo (WFC), here we are going to analyze the deal reached with Bank of America (BAC). More...

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Darden Restaurants: What We Can Expect from Tomorrow´s Earnings?
In this article let's take a look at Darden Restaurants, Inc. (DRI), the nation's largest casual-dining restaurant company, which owns and operates more than 2,100 restaurants that generate over $8.5 billion in annual sales. Let´s try to discuss some things before its report for fiscal fourth quarter and 2014 results tomorrow (on Jun 20, 2014). More...

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FedEx Is a Leading Freight Carrier and a Right Pick for Tomorrow?
In this article let's take a look at FedEx Corporation (FDX), the leader in global express delivery services, which is expected to report its revenue and earnings for the fourth quarter of its 2014 fiscal year tomorrow (June 18). More...

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Guru Stocks at 52-Week Lows: VOD, EBAY, DB, CNHI, BBBY
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Weekly Guru Bargains Highlights: VOD, DB, TWTR
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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