David Dreman

Last Update: 05-18-2015

Number of Stocks: 416
Number of New Stocks: 43

Total Value: $1,157 Mil
Q/Q Turnover: 14%

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 (%)
2011-3.852.11-6.0
200933.2426.466.8
2008-45.06-37-8.1
3-Year Cumulative-29.6 (-11%/year)-18.6 (-6.6%/year)-11 (-4.4%/year)
2007-2.775.49-8.3
200617.6215.791.8
5-Year Cumulative-19.5 (-4.2%/year)-0.6 (-0.1%/year)-18.9 (-4.1%/year)
20058.624.913.7
200412.6510.881.8

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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Weekly CEO Buys Highlight: WST, PHII, CLMS, CSBK, AMRC
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEO buys is illustrated in the chart below: More...

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Weekly Guru Bargains Highlights: SBUX, EC, FCX, NOV, PBR.A
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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A Recent Spin-Off Down 25%
Enova (ENVA) is an online consumer-facing lender. Spun-off from Cash America International (CSH) in 2014, the separation created two companies oriented to serving the capital needs of consumers through distinctively different business models; one through a traditional storefront network (Cash America) and the other solely through the internet (Enova). More...

LENDING,BANK,INTERNET,TECHNOLOGY


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Weekly CEO Buys Highlight: NRZ, BH, OPK, DRI, CLMS
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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Some Reasons to Reduce Holdings in Avon
In this article, let's take a look at Avon Products Inc. (AVP), a $3.43 billion market cap company, which is the world's leading direct marketer of cosmetics, toiletries, fashion jewelry and fragrances, with about 6 million sales representatives worldwide. More...

Avon


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Weekly 3-Year Low Highlights: TKC, IRET, BV, PTNR
According to GuruFocus list of 3-year lows; Turkcell Iletisim Hizmetleri AS, Investors Real Estate Trust, Bazaarvoice Inc, Partner Communications Co Ltd have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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Weekly Guru Bargains Highlights: NOV, PBR.A, EC, VALE, SSL
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Only Buy Luxury At A Deep Discount Warren Buffett,David Dreman - Only Buy Luxury At A Deep Discount
Most readers of this article will already be quite familiar with the theory of efficient markets which contends that the stocks that trade in the public markets are always fairly valued as the markets act “efficiently” to incorporate all of the information available into the price of any given stock at any given moment. However, if that contention were correct, there would have been no place or success for famed value investors such as Benjamin Graham, Warren Buffett (Trades, Portfolio), John Templeton and David Dreman (Trades, Portfolio). More...

LONG, LUXURY RETAIL


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Horace Mann Has Been Increasing Dividends Over the Last Seven Years
In this article, let's take a look at Horace Mann Educators Corp. (HMN), a $1.37 billion market cap company, which operates as a multiline insurance company. More...

Horace Mann


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Weekly CEO Buys Highlight: S, OPK, CAPL, CLF, MOSY
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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David Dreman bets on Barnes Group Inc.
David Dreman (Trades, Portfolio) 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. Three years back, in 2012, he published his last book, “Contrarian Investment Strategies: The Psychological Edge." More...

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David Dreman's Largest New Stock Buys David Dreman - David Dreman's Largest New Stock Buys
David Dreman (Trades, Portfolio), a leading contrarian investor and pioneer in behavioral finance, founded Dreman Value Management in 1997. More...

DAVID DREMAN


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Legendary Contrarian Investor David Dreman To Join GuruFocus in Q&A With Readers
Legendary Contrarian Investor David Dreman (Trades, Portfolio) of Dreman Value Management will be joining GuruFocus for a Q&A session in the next few weeks. Do you have questions about his investing philosophy or top holdings? Post them in the comments section below and check back for his answers. More...

DAVID DREMAN, INTERVIEW, Q&A


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Guru Stocks at 52-Week Lows: HSBC, AXP, RL, SNI, CNP
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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5-year lows: W&T Offshore Inc, ION Geophysical Corp, Koppers Holdings Inc, and Clean Energy Fuels Corp.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: W&T Offshore Inc, ION Geophysical Corp, Koppers Holdings Inc, and Clean Energy Fuels Corp. More...

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Battle of the Gurus: David Dreman Vs. Steven Romick
Investors can learn about investing from examining the strategies used by the most successful investors in the world. Studying their past picks can help us understand what works and what does not work in investing. It is important to identify the mistakes of great investors too; this is how we learn without losing our own money. Today we examine Pitney Bowes, a 1-Star Business Predictability ranked provider of “mail processing equipment and integrated mail solutions.” More...

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Guru Stocks at 52-Week Lows: DCM, NTT, BBVA, MFG, PKX
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Guru Stocks at 52-Week Lows: HSBC, SNY, WBK, DCM, BBVA
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Time to Choose the Investment Guru of the Year Bruce Berkowitz,David Dreman - Time To Choose The Investment Guru Of The Year
We’re nearing the end of the year, and that means one thing here at GuruFocus. It’s time again for GuruFocus’ readers to choose the Investment Guru of the Year. More...

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BB&T's Bright Future Will Help Growth
In this article, let's take a look at BB&T Corp (BBT), a $27.44 billion market cap company with assets of $187 billion on September 30, 2014. It is the 11th-largest U.S. bank by assets, operating some 1,750 branches, mainly in the Southeast U.S. More...

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