David Dreman

Last Update: 2014-08-14

Number of Stocks: 482
Number of New Stocks: 117

Total Value: $1,326 Mil
Q/Q Turnover: 10%

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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Weekly 3-Year Low Highlights: CHT, NE, HL, VOLC
According to GuruFocus list of 3-year lows, Chunghwa Telecom Co Ltd, Noble Corp PLC, Hecla Mining Co, and Volcano Corp have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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International Paper is Restructuring its Operations
In this article, let's take a look at International Paper Company (IP), a $21.62 billion market cap company, which is a leading worldwide producer and distributor of printing papers and packaging products. More...

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High Net Margin Led High ROE for Norfolk Southern
In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case of Norfolk Southern Corp. (NSC) More...

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Xerox´s Business Model and Growth Opportunities David Dreman,Joel Greenblatt - Xerox´s Business Model And Growth Opportunities
In this article, let's take a look at Xerox Corporation (XRX), a $15.44 billion market cap company, which is a media and entertainment conglomerate that has diversified global operations in theme parks, filmed entertainment, television broadcasting and consumer products. More...

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Simons versus Gabelli and Dalio
In this article, let´s take a look at CenturyLink, Inc. (CLT), a $23.64 billion market cap, which is an integrated communications company, engaged primarily in providing an array of communications services to its residential, business, governmental and wholesale customers. More...

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Dow Chemical´s Promising Future
In this article, let's take a look at The Dow Chemical Company (DOW), a $65.41 billion market cap company, which is the largest U.S. chemical company and provides chemical, plastic andagricultural products as well as services. More...

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Sold PRLS. A Net Net that Worked Out in One Year.
I don’t write lengthy posts about the stocks that I own as much as I used to, simply because it allows bias to creep in. More...

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Guru Stocks at 52-Week Lows: HMC, MFG, PHG, S, HSY
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Best Buy´s ROE Is at Good Levels Again
In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case of Best Buy Co., Inc. (BBY). More...

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Increasing the Exposure in the Consumer Finance sector: Capital One Financial Bill Nygren,David Dreman - Increasing The Exposure In The Consumer Finance Sector: Capital One Financial
In this article, let's take a look at Capital One Financial Corporation (COF), a $46.06 billion market cap company, which is a diversified financial services holding company which offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. More...

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5-year lows: Thoratec Corp, Brady Corp, General Cable Corp, and UTi Worldwide Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Thoratec Corp, Brady Corp, General Cable Corp, and UTi Worldwide Inc. More...

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Guru Stocks at 52-Week Lows: CHL, TM, SNY, NVO, TSM
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, S, LBTYK
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

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Dreman and Barrow Are Betting on SeaDrill, But I Wouldn´t
According to GuruFocus Guru Trades, on June 30, David Dreman (Trades, Portfolio) and James Barrow (Trades, Portfolio) took a long position on SeaDrill Limited (SDRL). More...

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Billionaire Carl Icahn Acquired 6.6 Percent of Gannett’s Shares
According to Guru Focus Real Time Picks, on Aug. 4, activist investor Carl Icahn (Trades, Portfolio) bought shares of Gannett Co., Inc. (GCI) at an average price of $34.32 and holds 14,967,373 shares, worth more than $500 million. The investor Icahn acquired about 6.6 percent of Gannett’s shares and options during the second quarter. More...

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

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Weekly 3-Year Low Highlights: RDC, EXXI, RP, BGC, SLRC
According to GuruFocus list of 3-year lows, Rowan Companies PLC, Energy XXI (Bermuda) Ltd, Realpage Inc, General Cable Corp, and Solar Capital Ltd. have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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5-year lows: Mack-Cali Realty Corp, Thoratec Corp, Brady Corp, and EXCO Resources Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Mack-Cali Realty Corp, Thoratec Corp, Brady Corp, and EXCO Resources Inc. More...

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Deere Remains Attractive Despite Quarterly Earnings
In this article, let's take a look at Deere & Company (DE), a $31.03 billion market cap company, which is the world's biggest producer of farm equipment, as well as a large maker of construction machinery and lawn and garden equipment with a brand name that has been in the industry for 175 years. More...

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