Robert Olstein

Robert Olstein

Last Update: 05-09-2016

Number of Stocks: 98
Number of New Stocks: 7

Total Value: $748 Mil
Q/Q Turnover: 12%

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

Robert Olstein' s Profile & Performance

Profile

Robert A. Olstein is the Chairman and Chief Investment Officer of the Olstein Financial Alert Fund (OFALX). He is considered to be an expert in corporate financial disclosure and reporting practices. In 1971, he co-founded the "Quality of Earnings Report" service, which pioneered the concept of using inferential financial screening techniques to analyze balance sheets and income statements to alert institutional portfolio managers to positive or negative factors affecting a company's future earnings power and value of a company's stock.

Web Page:http://www.olsteinfunds.com/manager.htm

Investing Philosophy

Robert Olstein selects stocks by looking behind the numbers. He emphasizes a detailed look behind the numbers of a company's financial statement to assess the company's financial strength and assess potential downside risk. He believes that the Fund's objectives are best met by a "defense first" approach - an approach aimed at minimizing investment errors as opposed to finding companies with the highest appreciation potential without regard for downside risk. To qualify for his selection, a company must generate more cash flow than necessary to sustain the business, avoid aggressive accounting practices, demonstrate balance sheet fundamentals that are consistent with his defense first approach, and be selling at a discount to the private market value. Robert Olstein sells a stock when the stock appreciates to his appraised value.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Olstein All Cap Value Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-9.511.19-10.7
201415.0313.691.3
201336.4132.394.0
3-Year Cumulative42 (12.4%/year)52.3 (15.1%/year)-10.3 (-2.7%/year)
201215.316-0.7
2011-4.32.11-6.4
5-Year Cumulative56.7 (9.4%/year)80.4 (12.5%/year)-23.7 (-3.1%/year)
201016.1715.061.1
200937.0126.4610.5
2008-43.8-37-6.8
2007-3.435.49-8.9
200614.4415.79-1.4
10-Year Cumulative54.9 (4.5%/year)102 (7.3%/year)-47.1 (-2.8%/year)
20052.794.91-2.1
200411.0510.880.2
200336.1928.687.5
2002-19.27-22.12.8
200117.25-11.8929.1
15-Year Cumulative127.9 (5.6%/year)107.5 (5%/year)20.4 (0.6%/year)
200012.93-9.122.0
199934.8921.0413.8
199815.0128.58-13.6
199734.8333.361.5
199624.3622.961.4
20-Year Cumulative569.5 (10%/year)381.4 (8.2%/year)188.1 (1.8%/year)

Top Ranked Articles

Robert Olstein Buys Disney, Zoetis, Michael Kors in the 1st Quarter Olsten added a total of seven new stocks
Robert Olstein (Trades, Portfolio)’s first-quarter portfolio update showed seven new stocks among 98 total holdings. Read more...
Robert Olstein: Buy Bed Bath And Beyond, Stay Away From Netflix and Amazon Value investor recommends domestic retailer but avoids tech darlings
Robert Olstein is the chairman and chief investment officer of the Olstein Financial Alert Fund. Olstein is an expert on financial disclosure and reporting. He picks stocks based on a review of the fundamentals and is notorious for not talking to management. Management is never going to tell him when things aren’t great so he doesn’t bother. Instead he focuses on assessing the company's financial strength and downside risk. Read more...
RBC Is a Deal - Guru Robert Olstein Thinks So, Too Guru Robert Olstein recently added to RBC. With the price around $58, long-term patient investors should consider a position, too
Guru Robert Olstein (Trades, Portfolio) recently added to Regal Beloit Corp. (NYSE:RBC) at an average price around $61. With the price currently around $58, should we consider following Ostein and take advantage of an opportunity, or should we pass? Read more...
Divestitures Top Robert Olstein's 4th-Quarter Activity Guru acquires stake in Macy's, reduces holding in Intel
Robert Olstein (Trades, Portfolio), chairman, CEO, CIO, secretary and lead portfolio manager at Olstein Capital Management LP, made five new buys in the fourth quarter, but his most significant transactions were divestitures. Read more...
2015 Was a Good Year for Gun Companies Smith & Wesson says current quarter's sales could be 20% higher than expected
Whether it is due to President Barack Obama’s pledge to make gun control a centerpiece of his final year in office or a byproduct of terrorism, both foreign and domestic, and concerns about greater regulation, U.S. gun sales and permit applications have soared. Read more...
» More Robert Olstein Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Olstein Strategic Opportunities Fund 1st Quarter Letter to Shareholders 'The active pursuit of above average investment returns' Robert Olstein - Olstein Strategic Opportunities Fund 1st Quarter Letter To Shareholders
Dear Fellow Shareholders: More...

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Rating: 5.0/5 (2 votes)

Olstein All Cap Value Fund First Quarter Commentary Buys, sells, investment strategy Robert Olstein - Olstein All Cap Value Fund First Quarter Commentary
May 20, 2016 More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Robert Olstein Buys Disney, Zoetis, Michael Kors in the 1st Quarter Olsten added a total of seven new stocks Robert Olstein - Robert Olstein Buys Disney, Zoetis, Michael Kors In The 1st Quarter
Robert Olstein (Trades, Portfolio)’s first-quarter portfolio update showed seven new stocks among 98 total holdings. More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Robert Olstein: Buy Bed Bath And Beyond, Stay Away From Netflix and Amazon Value investor recommends domestic retailer but avoids tech darlings Robert Olstein - Robert Olstein: Buy Bed Bath And Beyond, Stay Away From Netflix And Amazon
Robert Olstein is the chairman and chief investment officer of the Olstein Financial Alert Fund. Olstein is an expert on financial disclosure and reporting. He picks stocks based on a review of the fundamentals and is notorious for not talking to management. Management is never going to tell him when things aren’t great so he doesn’t bother. Instead he focuses on assessing the company's financial strength and downside risk. More...

LONG, TECH,


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Robert Olstein's Olstein Strategic Opportunities Fund Q4 Commentary Olstein managers talk about holdings, activist holdings and outlook Robert Olstein - Robert Olstein's Olstein Strategic Opportunities Fund Q4 Commentary
February 16, 2016 More...

  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

RBC Is a Deal - Guru Robert Olstein Thinks So, Too Guru Robert Olstein recently added to RBC. With the price around $58, long-term patient investors should consider a position, too Robert Olstein - RBC Is A Deal - Guru Robert Olstein Thinks So, Too
Guru Robert Olstein (Trades, Portfolio) recently added to Regal Beloit Corp. (NYSE:RBC) at an average price around $61. With the price currently around $58, should we consider following Ostein and take advantage of an opportunity, or should we pass? More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Olstein All-Cap Value Fund 2015 Letter to Shareholders Robert Olstein addresses investors Robert Olstein - Olstein All-Cap Value Fund 2015 Letter To Shareholders
For the calendar year ended December 31, 2015, Class C shares of the Olstein All Cap Value Fund depreciated 9.51%, while the Russell 3000 Value® Index depreciated 4.13% and the Russell 3000® Index appreciated 0.48%. For the six-month period ended December 31, 2015, Class C shares of the Olstein All Cap Value Fund depreciated 9.04%, while the Russell 3000 Value® Index depreciated 3.64% and the Russell 3000® Index depreciated 1.43%. Since the Fund’s inception date of September 21, 1995 through December 31, 2015, Class C shares of the Olstein All Cap Value Fund had an average annual return of 9.97% compared to average annual returns of 8.77% for the Russell 3000 Value® Index and 8.43% for the Russell 3000® Index. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Divestitures Top Robert Olstein's 4th-Quarter Activity Guru acquires stake in Macy's, reduces holding in Intel Robert Olstein - Divestitures Top Robert Olstein's 4th-Quarter Activity
Robert Olstein (Trades, Portfolio), chairman, CEO, CIO, secretary and lead portfolio manager at Olstein Capital Management LP, made five new buys in the fourth quarter, but his most significant transactions were divestitures. More...

  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

2015 Was a Good Year for Gun Companies Smith & Wesson says current quarter's sales could be 20% higher than expected Robert Olstein, Joel Greenblatt, Steven Cohen, Pau - 2015 Was A Good Year For Gun Companies
Whether it is due to President Barack Obama’s pledge to make gun control a centerpiece of his final year in office or a byproduct of terrorism, both foreign and domestic, and concerns about greater regulation, U.S. gun sales and permit applications have soared. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

The Olstein Funds - Second Decade in Review Predictions, warnings, investment dogma and plain old pontification Robert Olstein - The Olstein Funds - Second Decade In Review
On September 21, 2015, the Olstein All Cap Value Fund passed a significant milestone in its history as it celebrated its twentieth anniversary. We are extremely proud of the consistent implementation of our investment process, the investment organization we have built and the investment performance we have provided to our shareholders since inception. More...

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Rating: 0.0/5 (0 votes)

Insiders Sell Twitter and Cannabis Science, Buy DSW and WhiteHorse Twitter director makes largest sale of the week Robert Olstein,Joel Greenblatt,Chuck Royce,Jim Sim - Insiders Sell Twitter And Cannabis Science, Buy DSW And WhiteHorse
The All-In-One Screener can be used to find insider buys and sales over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying/All Insider Selling to “$1,000,000+” and duration to "November 2015" and “December 2015.” More...

  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Robert Olstein Sells Stake in Macy's Guru buys and sells shares in technology companies in third quarter Robert Olstein - Robert Olstein Sells Stake In Macy's
Although some people invest in a company based on its name, stock investing is primarily about the numbers. Robert Olstein (Trades, Portfolio) of Olstein Capital Management likes to look behind the numbers of a company’s financial statement to evaluate the financial strength of a company and any risk involved in investing in it. More...

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Robert Olstein Sells Jones Lang LaSalle, Deere & Co. in Second Quarter Olstein Financial Alert Fund manages more than $900 million Robert Olstein - Robert Olstein Sells Jones Lang LaSalle, Deere & Co. In Second Quarter
Robert A. Olstein is the chairman and CIO of the Olstein Financial Alert Fund (OFALX). His portfolio is composed of 121 stocks with a total value of $962 million. During the second quarter he reduced 25 of his existing stakes and sold out five of them. The following are the five stakes he sold out. More...

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Activist Hedge Fund Manager Edward Lampert Increases Stake in Lands’ End Lampert is the company's largest shareholder Joel Greenblatt,Robert Olstein - Activist Hedge Fund Manager Edward Lampert Increases Stake In Lands’ End
Edward S. Lampert of Sears Holding (NASDAQ:SHLD) disclosed on Sept. 25 that he increased his stake in Lands’ End Inc. (NASDAQ:LE) by purchasing an additional 299,878 shares. More...

LONG


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Olstein Funds 2015 Annual Letter to Shareholders Olstein All-Cap Fund and Olstein Strategic Opportunities Fund Robert Olstein - Olstein Funds 2015 Annual Letter To Shareholders
For the fiscal year ended June 30, 2015, Class C shares of the Olstein All Cap Value Fund appreciated 9.24%. During the same twelve month period, the S&P 500® Index appreciated 7.42% and the Russell 3000® Index appre-ciated 7.29%. For the three-year period ended June 30, 2015, Class C shares of the Olstein All Cap Value Fund had an average annual return of 18.35% compared to annualized total returns of 17.31% for the S&P 500® Index and 17.73% for the Russell 3000® Index. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Robert Olstein Adds to Stake in Keysight Technologies Robert Olstein - Robert Olstein Adds To Stake In Keysight Technologies
It is likely that no other guru we follow knows as much about corporate financial disclosure and reporting practices as Robert Olstein (Trades, Portfolio), chairman and CIO of the Olstein Financial Alert Fund, and he uses that knowledge to effectively choose investment opportunities. His Olstein All Cap Value Fund recorded returns of 15.03% last year, 36.41% in 2013 and 15.3% in 2012. More...

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Guru Stocks at 52-Week Lows: XOM, WMT, PG, RDS.B, CVX
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Investors Are Throwing Good Money at Bad Stocks – Bob Olstein
Value investor Robert Olstein thinks that a lot of investors are throwing money at the wrong stocks.He has a couple of very good companies in mind that he thinks are worth owning.One is GM (NYSE:GM) which he thinks is just completely mispriced by the market today. He points to the company's cleaned up balance sheet and pessimistic valuation for reasons to own it.He also likes Dillards (NYSE:DDS) which he thinks is worth $140 per share which is 40% above its current share price. He points to Dillards' 10% cash flow yield which is hidden by depreciation exceeding capital spending requirements on the income statement.Here is the entire interview with Olstein: More...

  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Guru Stocks at 52-Week Lows: XOM, WMT, PG, BABA, PTR
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Rating: 0.0/5 (0 votes)

Guru Stocks at 52-Week Lows: XOM, WMT, PTR, CVX, INTC
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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