John Keeley

John Keeley

Last Update: 2014-11-14

Number of Stocks: 390
Number of New Stocks: 15

Total Value: $4,914 Mil
Q/Q Turnover: 5%

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

John Keeley' s Profile & Performance

Profile

John Keeley is President and Portfolio Manager/Analyst at Keeley Asset Management Corp., a registered investment advisor that he established in 1982.

Web Page:http://www.keeleyfunds.com

Investing Philosophy

John Keeley seeks capital appreciation through long-term value investing in small-cap stocks. He emphasizes the purchase of companies undergoing corporate redevelopment such as spin-offs, companies emerging from bankruptcy, securities trading below actual or perceived book-value, savings & loan and insurance conversions, and distressed utilities.

Total Holding History

Performance of Small Cap Value Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201334.6331.553.1
201223.8115.48.4
2011-7.292.08-9.4
3-Year Cumulative54.5 (15.6%/year)55 (15.7%/year)-0.5 (-0.1%/year)
201025.9815.0610.9
200921.6726.46-4.8
5-Year Cumulative136.9 (18.8%/year)125.5 (17.7%/year)11.4 (1.1%/year)
2008-40.18-37-3.2
20077.175.611.6
200619.5515.793.8
200516.124.9111.2
200432.941220.9
10-Year Cumulative180.2 (10.9%/year)104.1 (7.4%/year)76.1 (3.5%/year)
200318.6528.7-10.1
20022.72-22.124.8
200115.12-11.927.0
20006.61-9.115.7
19993.3221-17.7
15-Year Cumulative333.1 (10.3%/year)98.3 (4.7%/year)234.8 (5.6%/year)
199812.9928.6-15.6
19970.5233.4-32.9
19969.4223-13.6
19950.9437.6-36.7
1994-7.021.3-8.3
20-Year Cumulative405.2 (8.4%/year)483.2 (9.2%/year)-78 (-0.8%/year)

Top Ranked Articles

National Presto Industries - A Quality Company with an 8% Dividend Yield
Let’s start this article with a one-question quiz. GuruFocus and its investment community impress me every day with their investment acumen, so I have confidence in your abilities. Good luck! Read more...
Guru Stocks Raising Dividends: CTS, UBA, UDR, WDR, CHCO
This is the group of companies who raised their dividend during the week: CTS Corp., Urstadt Biddle Properties Inc. Cl A, UDR, Waddell & Reed Financial Inc., and City Holding Company. Read more...
Insider Buys at 52-Week Highs
Several companies have reported group insider buying or pricey singular insider buying as their companies near or hit their 52-week highs. The following three companies have reported these insider buys throughout the month of July. Watching group insider buying (especially at high prices) is important because it can signify a collective faith in the stability and potential for additional growth in a company. It can also be beneficial to note insider buys with large transaction amounts because insiders typically will not invest their money into a company if they know they are going to lose it. [b] Read more...
John Keeley Buys Kaiser Aluminum Corporation, Century Aluminum Co., Investment Technology Group In, Sells U-store-it Trust, Mcmoran Exploration Co., Lincoln Electric Holdings Inc.
Updates for John Keeley buys and sells during the first quarter. John Keeley is known as "Spin-off Doctor", he likes to buy spin-offs that others don't want. His most recent spin-off play: MUELLER WATER. If you like to buy unservalued small cap stocks, take a look at what John Keeley is buying. Read more...
John Keeley Buys NBTY Inc., NCR Corp., CIT Group Inc., The First American Corp., Sells ABB Ltd., Corning Inc., Exelon Corp. John Keeley Q1 Portfolio Update: Buys AAN, ADTN, ART, BP, C, CASY, CIT, CLF
John Keeley has been very successful with small cap investing. He also likes companies undergoing corporate redevelopment such as spin-offs, companies emerging from bankruptcy. This the Q1 update of his portfolio. Read more...
» More John Keeley Articles

Commentaries and Stories

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Weekly 3-Year Low Highlights: RDS.B, GSK, WPZ, CLR
According to GuruFocus list of 3-year lows; Royal Dutch Shell PLC, GlaxoSmithKline PLC, Williams Partners LP, and Continental Resources Inc have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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CenturyLink Shocked Investors, But Should They Stay Alert Now?
In a previous article, we analyzed quantitative aspects of CenturyLink, Inc. (CTL), a $21.9 billion market cap company that has grown via acquisitions to become the third-largest telecom provider in the U.S., offering services to both residential and business customers. More...

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Weekly CEO Buys Highlight: SFXE, JMP, JONE, TEP, BCEI
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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If You Don't Care About a Company's Story, You Don't Care About What Happens to Your Money Michael Price,John Keeley - If You Don't Care About A Company's Story, You Don't Care About What Happens To Your Money
Michael Price (Trades, Portfolio), manager of MFP Investors, likes to buy his stocks from companies that are sailing on rough waters. He does not go for the nice and comfortable stocks that are a guaranteed win – well, as guaranteed as you can get in the market; we all know nothing is promised when it comes to investing – instead, he looks at companies that are selling their shares 30-40% below their estimated intrinsic value. More...

MICHAEL PRICE, JOHN KEELEY, VALUE INVESTING, INTRINSIC VALUE


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Wendy's Absolute and Relative Valuation
In this article, let's take a look at Wendy's Co (WEN), a $3.12 billion market cap company, which is one of the largest fast food restaurants. More...

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KEELEY Small Cap Value Fund Comments on Core-Mark Holding Co Inc
Core-Mark Holdings Company, Inc. (CORE) was the Fund's top performing position in the third quarter after rising over 16 percent and adding 19 basis points of return to the Fund. The convenience store retailer continued its impressive performance and is now our top performing position in 2014, rising over 39 percent year-to-date. Despite sluggish foot traffic for a number of retailers, Core-Mark was able to increase food sales over the past quarter and they were especially pleased with growth in their higher margin areas such as fresh foods. More...

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KEELEY Small Cap Value Fund Comments on Manitowoc Co Inc
Manitowoc Company, Inc. (MTW) was the second largest detractor during the quarter after falling over 28 percent and costing the portfolio 32 basis points of return. Shares of the capital goods manufacturer fell sharply in July after cutting its 2014 forecasts for crane sales and foodservice operating margins. The company now anticipates that revenue in its crane-making division will be flat or slightly negative in 2014. We continue to see a restructuring opportunity in Manitowoc, with a potential break-up of their industrial crane-making and foodservice segments. More...

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KEELEY Small Cap Value Fund Comments on Sanchez Energy
Sanchez Energy (SN) proved to be the largest detractor during the quarter, falling over 30 percent and costing the Fund 40 basis points of performance. Although the company issued $300 million in senior notes during the quarter for an acquisition that doubled its Eagle Ford Shale acreage, there appeared to be no fundamental reason for the decline. We remain committed to the sector and continue to believe our companies are well positioned for the secular growth opportunities that we think lie ahead. More...

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John Keeley’s KEELEY Small Cap Value Fund Q3 2014 Commentary
In the third calendar quarter of 2014, the KEELEY All Cap Value Fund (KACVX) fell 4.74 percent compared to a 0.87 percent decline for the Russell 3000 Value Index. After a lengthy hiatus, volatility returned to the markets in the third quarter. The weakness was especially evident in small cap stocks, where the divergence between small and large-cap stocks was substantial. The S&P 500 Index posted a positive return in the third quarter, climbing just over 1 percent compared to the broad sell-off that occurred in small and mid-cap companies. Although the market capitalization of the portfolio has moved higher in recent years, it remains substantially below our benchmark as we continue to find attractive opportunities in small and mid-cap companies. Heightened geopolitical risks were the primary culprit for the renewed volatility, as uncertainty in foreign markets added to global growth concerns and pressured investors to shun risk. Fortunately, economic news on the domestic front was more positive. Better export growth, improving housing activity, and continued low interest rates has allowed the economy to recover from the negative effects of the harsh weather early in the year. More...

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KEELEY All Cap Value Fund Comments on BancorpSouth Inc
BancorpSouth (BXS) fell over 18 percent and cost the portfolio 31 basis points of performance. The company announced plans to delay several announced acquisitions as increased scrutiny by the Federal Reserve and the Consumer Financial Protection Bureau (CFPB) concerning BSA/AML (Bank Secrecy Act and anti-money laundering) is ongoing and the reviews will need to be completed before the acquisitions are allowed to proceed. This caused earnings reductions due to delayed deal accretion. We have seen this issue pop up at several other institutions and while it's unfortunate, we feel this is not a specific issue germane to only BXS but rather the result of increased scrutiny from Washington DC regulators concerned with money laundering. Management is complying with all policy and procedural change requests and hopes to have the matter resolved in the near future. More...

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KEELEY All Cap Value Fund Comments on Genworth Financial Inc
Genworth (GNW) declined over 24 percent and cost the Fund 38 basis points of performance during the quarter. The company announced a sizeable addition to reserves for purposes of covering potential loss exposure to long-term care insurance provided to its earliest customers. This was not an unknown risk to us as we did factor this into our thinking when we established our position. However, while the reserve build was in-line with our projections, it was still a negative surprise to the street. Our view with respect to long-term care is that States will allow for premium increases, sometimes sizeable, as GNW (and others providing this insurance) are last line defenses to patients who would otherwise likely end up in Medicaid and exacerbate state budget situations. Unfortunately, a mismatch in timing occurs as claims rise first, then reserves are lifted followed by a request for premium increases. Ultimately, we feel GNW is very cheap and is in a good position to seek premium relief even as the company continues to restructure its business in both long-term care and mortgage insurance. More...

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KEELEY All Cap Value Fund Comments on Civeo Corp
Civeo Corp. (CVEO) was the Fund's largest detractor during the quarter after shares fell sharply in September when the company announced that electing REIT status would not be preferable and simultaneously announced a rather large reduction in Canadian guidance for Q4 2014 and 2015 due to project deferrals. The reduction in earnings guidance, while never pleasant, is understandable, but the decision to not seek a REIT election was both disappointing and confusing. Frankly, we've not seen a case where the reason a company gets spun off is so quickly abandoned. Activist investors have become involved seeking, among other things, the resignation of the CEO. Nonetheless, the failure to seek a REIT election was a sufficient blow relative to our investment thesis that we elected to sell the stock. More...

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John Keeley's KEELEY All Cap Value Fund Q3 2014 Commentary
In the third calendar quarter of 2014, the KEELEY All Cap Value Fund (KACVX) fell 4.74 percent compared to a 0.87 percent decline for the Russell 3000 Value Index. After a lengthy hiatus, volatility returned to the markets in the third quarter. The weakness was especially evident in small cap stocks, where the divergence between small and large-cap stocks was substantial. The S&P 500 Index posted a positive return in the third quarter, climbing just over 1 percent compared to the broad sell-off that occurred in small and mid-cap companies. Although the market capitalization of the portfolio has moved higher in recent years, it remains substantially below our benchmark as we continue to find attractive opportunities in small and mid-cap companies. Heightened geopolitical risks were the primary culprit for the renewed volatility, as uncertainty in foreign markets added to global growth concerns and pressured investors to shun risk. Fortunately, economic news on the domestic front was more positive. Better export growth, improving housing activity, and continued low interest rates has allowed the economy to recover from the negative effects of the harsh weather early in the year. More...

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Weekly CEO Buys Highlight: NRP, OPK, GAM, KEY, ARWR
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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Stage Stores' CEO Invests in Company Stock
With Halloween coming up, many apparel stores are ramping up for the expected demand for seasonal costumes; after all, an estimated 158 million people participated in Halloween activities last year, and it is fair to assume that most, if not all, were in costume. Not all apparel stores sell Halloween costumes or items that can be used by customers to make their own costumes, of course, but some, like Stage Stores (SSI), a department store company that operates 850 stores under different names in 40 states, do. More...

Halloween, Insider, Insider buy, Stage Stores, Stage


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Steve Cohen Increases Stake in C&J Energy Services
Steve Cohen of Point72 Asset Management bought more than 740,000 shares of C&J Energy Services (CJES) on Sept. 12, increasing his stake in the company to 6.5 percent, according to GuruFocus’ Real Time Picks. More...

C&J ENERGY SERVICES, STEVE COHEN, POINT72


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UMBF: Regional Banking with an Institutional Investment Edge John Keeley,Ken Fisher - UMBF: Regional Banking With An Institutional Investment Edge
UMB Financial Corporation (UMBF) is a Missouri-based regional bank expanding in several directions. One involves growing out its institutional investment service. More...

BANKS, REGIONAL BANKING, VALUE, PREDICTABLE, LONG


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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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KEELEY All Cap Value Fund Comments on Williams Companies Inc
Williams Companies, Inc. (WMB) was the Fund’s top performer, rising over 43 percent and adding 61 basis points to our performance. Shares of the energy infrastructure company jumped sharply in June when they announced news of a major restructuring where they will pay $6 billion for the remaining portion of Access Midstream Partners LP (they had owned 50%) from hedge fund Global Infrastructure Partners II. Williams then plans to merge its Midstream spin-off, Williams Partners LP (WPZ), with Access Midstream Partners once the acquisition of that entity is finished. The final company will be named Williams Partners LP, transforming the pieces into a pure-play general partner holding company. We believe the merged entities are a strategic t and should provide a distinct path of long-term growth for the stand alone firm. More...

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KEELEY Mid Cap Dividend Value Fund Comments on CIT Group Inc
Although the Fund did not have any one company have a major impact on results during the quarter, CIT Group Inc. (CIT) was the top detractor after falling over 6 percent and costing the Fund 10 basis points in performance. Shares of the mid-market financing and leasing company dropped in late April after announcing earnings that were below expectations. The earnings miss was primarily due to lower interest income and a rise in provisions for credit losses. We continue to believe the company is well positioned in the current environment and their access to low-cost debt should foster future growth. More...

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