Michael Price

Last Update: 06-01-2015

Number of Stocks: 97
Number of New Stocks: 11

Total Value: $755 Mil
Q/Q Turnover: 8%

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

Michael Price' s Profile & Performance


Michael F. Price is the 271st richest person in the world, according to Forbes. A renowned money manager, he learned finance as a $200-a-week research assistant under Max Heine. Mr. Price earned reputation for buying undervalued companies, and raising he. He has often tussled with management of companies held in his portfolios. He sold Heine Securities in 1996 to Franklin Resources for $670 million. Now, Price manages the private firm, MFP Investors, with $1.6 billion under management, much of it his own money.

Investing Philosophy

Price has a value based approach to investing. He buys stock in out-of-favor small cap companies that are of good values.

Total Holding History

Top Ranked Articles

Michael Price at Columbia: Profitable Lessons from a Great Investor
The following are my notes from Michael Price’s lecture at the Columbia business school in the spring of 2006. I thought his remarks on how he values pharmaceuticals, how he uses the newspaper to generate investment ideas and how he sizes his positions were noteworthy. He pays great attention to publicly disclosed data in acquisitions calling it a treasure trove of information for valuing companies. Read more...
Goodwill and Goodwill Impairment in Value Investing
Warren Buffett has said that accounting was the language of the business, and in order to understand how a business is operating, investors should understand accounting and its flaws so that they can give proper judgment on the real performance of certain businesses. The number representation is just one thing, but what is really going on behind the numbers, is very crucial. Read more...
Gramercy Capital (GKK): A Graham Stock Wrapped in a Mystery
The investment analysis below is our twelfth in our series of guest posts, and is brought to you by friend of the blog PlanMaestro of the fantastic Variant Perceptions. We will keep the intro quick but safe to say we are honored to bring our readers Plan’s latest write-up on Gramercy Capital (GKK), which is as insightful and illuminating as we have come to expect from one of our favorite investors. In typical PlanMaestro fashion, we have decided to post the thesis in three parts, the first of which is below. Enjoy! Read more...
Michael Price Says Goldman Sachs Is ‘Great’ Value Stock
May 3 (Bloomberg) -- Michael Price, president of MFP Investors LLC, talks about the state of the financial markets and factors driving corporate mergers and acquisitions, his investment strategy and some of his holdings, and concerns about food inflation. Price speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." Read more...
Will Tyco End Up Like ITT? Reviewing a Break-up
It’s now been four and a half months since ITT (ITT) broke itself up into three separate companies. I advocated investing in ITT before the break-up, and I wanted to review the position and see if it met my expectations. It’s also worthwhile to review this investing style since Tyco (TYC) is also doing a three way break-up by the end of the year. Read more...
» More Michael Price Articles

Commentaries and Stories

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Michael Price's Principal Holding Intel Corp. Has Upside Potential
Michael Price (Trades, Portfolio) runs MFP Investors, a New York-based hedge fund, which focuses on value investing.  More...

Michael Price, Intel

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Michael Price keeps on buying S&W Seed Company
Michael Price (Trades, Portfolio) is the manager of MFP Investors LLC, a hedge fund composed of 97 stocks and with a total value of $775 millions. More...

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Michael Price Invests in 11 Companies in First Quarter Michael Price - Michael Price Invests In 11 Companies In First Quarter
Value investor Michael Price (Trades, Portfolio) is known for acquiring stock in out-of-favor small cap companies that are believed to be good values. His approach has paid off: Today, he manages MFP Investors, with $1.6 billion under management, much of it his own money. More...

Michael Price

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Weekly CEO Buys Highlight: CLR, KMI, TEP, HLX, MRO
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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Legendary Value Investor Michael Price's New 13-f Filing
Summary More...


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5-year lows: GulfMark Offshore Inc, Tetra Technologies Inc, PICO Holdings Inc, and Geospace Technologies Corp.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: GulfMark Offshore Inc (GLF), Tetra Technologies Inc (TTI), PICO Holdings Inc (PICO), and Geospace Technologies Corp (GEOS). More...

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Guru Michael Price Continues to Invest in Financial Services Michael Price - Guru Michael Price Continues To Invest In Financial Services
Value investor Michael Price could be featured in a quarterly version of the Dos Equis beer commercials. He doesn’t always invest in a lot of companies in a given quarter, but, when he does (and even when he doesn’t), it is likely to be in financial services. That is where nearly 28% of his investment activity is, more than double any other sector. More...

Michael Price, Financials

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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...


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EMC Increases its Focus on Software
In this article, let's take a look at EMC Corporation (EMC), a $60.82 billion market cap company that is one of the world's largest suppliers of enterprise storage systems. More...

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David Winters Chastises Coca-Cola and Buffett Again
David Winters (Trades, Portfolio)' is a deep value investor and runs Wintergreen Advisors. He was mentored by Michael Price (Trades, Portfolio) and Max Heine at Mutual Series in the late '80s. He believes that management is just as important as buying at a deep discount to intrinstic value. More...


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General Motors Reinstated Dividend Payment
In this article, let´s consider General Motors Company (GM), a $49.36 billion market cap that is the world's second-largest producer of cars and trucks. It has a trailing P/E ratio that indicates that the stock is relatively overvalued (PE 50.9x vs Industry Median 15.8x). More...

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Michael Price’s Top Sells – 11 Gurus Exit SFD
Guru Michael Price is averaging a 12-month return of 72.41%. As of the third quarter, his private firm, MFP Investors, has a portfolio of 88 stocks, 5 of them new, a total value at $752 million, with a quarter-over-quarter turnover of 8%. The portfolio is currently weighted with top three sectors: financial services at 33.3%, healthcare at 13% and energy at 12.4%. More...


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Bargain Hunting with Phenom Michael Price for 52-Week Lows
Guru Michael Price of MFP Investors LLC is a self-made investing phenom averaging a 12-month return of 84.84%. Over 12 months, Price is the fourth highest returning guru, following John Paulson at 296.45%, Michael Dell at 270.13% and Robert Karr at 89.84%. More...


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Contrarian Ideas You May Want to Take a Look At
Here I take a look at two stocks that analysts from different investment firms have been downgrading since the year started. I believe there exists a long case for both of these companies. Their future could be brighter than what the market seems to be expecting and, hence, deserve a second look. Investors such as John Burbank and Michael Price are already long! More...


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More Billionaire Bargains, 29% Off Joel Greenblatt,Michael Price - More Billionaire Bargains, 29% Off
Today the GuruFocus Guru Bargains feature reveals four more stocks that are 29% or more off since a number of billionaires bought them. Consider the possible advantage of following in the footsteps of billionaire gurus who’ve already invested in these stocks. Billionaire buys can indicate a probability that these stocks may be bargain finds. More...


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Michael Price’s Top Six Sells
Renowned value investor and money manager, Michael F. Price is one of the richest people in the world, with a net worth of 1.3 billion as of March 2013, according to Forbes. Price manages his own personal wealth through his private firm, MFP Investors LLC, with around $1.6 billion under management. The updated portfolio of MFP Investors has 92 stocks, 10 of them new, a total value at $747 million, with a quarter-over-quarter turnover of 13%. The portfolio of MFP Investors is currently weighted with top three sectors: financial services at 33.8%, healthcare at 14.4% and consumer cyclical at 13.3%. More...


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Weekly CEO Buys Highlight: AMH, HTH, ARCP, KYN, HK
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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Scoreboard of Gurus – Highest Gain Investors and Six Stocks
The last six months have been an exciting time for the highest-gaining Gurus Jean-Marie Eveillard, Michael Price, Robert Karr and David Nierenberg. According to the GuruFocus Score Board of Gurus, their performance is as follows: More...


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Michael Price - A Penchant for Hard-Hit Banks
Breaking up is hard to do, especially for global banks. Last summer when major bank stocks were below tangible book value, Michael Price of MFP Investors told Bloomberg, “That means the pieces are worth more than the whole.” At the end of May 2013, Moody's upgraded the U.S. banking system from “negative,” where it had sat for five years, to “stable.” However, smaller, distressed banks with ailing loan portfolios are merging for survival and creating opportunities for billionaire investors like Michael Price, whose trading shows a penchant for hard-hit banks. More...


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BSX and ABMD Highlight Increased Insider Buying in the Medical Technology Sector
In the past week we saw an increase in insider buying coming from the health care industry. Last week GuruFocus reported 31 different insider buys coming from 19 different health care-based companies. These buys spanned across the sector from research and development labs to pharmaceutical companies. The following four companies are all a part of the medical supply sector of the health care industry. They represent significant insider buys coming from one or more directors or corporate executives. More...

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