Scott Black

Scott Black

Last Update: 2014-08-15

Number of Stocks: 109
Number of New Stocks: 13

Total Value: $686 Mil
Q/Q Turnover: 6%

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

Scott Black' s Profile & Performance

Profile

Mr. Scott Myles Black is the Chairman, President, Chief Investment Officer, and Chief Compliance Officer at Delphi Management, Inc. Previously in 1978, he had joined William O'Neil Company, before managing equities for Sunkist Growers in 1979. Prior to that, Mr. Black worked at Merrill Lynch, initially in the market planning department and then rose to the Head of Corporate Development, where he was responsible for the holding company's diversification activities. Mr. Black’s education includes a BA from Johns Hopkins University in Applied Mathematics and Economics. He earned an MBA in Finance at the Harvard Business School in 1971 after completing his U.S. Army active service obligation at Fort Ord, California.

Investing Philosophy

“We pursue a proven, conservative investment strategy that emphasizes the fundamental performance of underlying companies rather than making bets on short-term market movements or jumping on the latest bandwagon. We only invest in companies that meet our internally developed set of rigorous quantitative criteria and that are under good management. As disciples of the Graham-Dodd school of value investing, this means we believe that an investment should exhibit what we call absolute value, and it means that we personally contact management at every company we invest in before committing clients’ funds.”

Total Holding History

Top Ranked Articles

Scott Black’s Top 5 Stocks and Why He Likes Them
New Guru Scott Black has a specific set of criteria he looks for when selecting stocks for his Boston-based firm Delphi Management to invest in. He appeared on Bloomberg this morning to discuss what he describes as his “old Warren Buffett-style” process. Read more...
Scott Black's Delphi Management Top 5 New Stock Buys
Several times over the quarter, Scott Black, manager of the $970 million Boston hedge fund Delphi Management, insisted individual stocks were still cheap amid the broader rising market. The deep value player in an August CNBC interview called the S&P “fairly valued,” saying: Read more...
Scott Black's Largest Stock Buys of the Fourth Quarter
Scott Black (Trades, Portfolio) is founder and president of Delphi Management, a long-only firm operating bottom-up, value-based strategies. Black told CNBC in November that despite the rising tide in the market, attractive opportunities still exist. “What you have to do is find deep value, high-return on equity companies that have solid earnings prospects that still sell at low multiples,” he said. Read more...
Second Quarter Update - Delphi Increases Positions
GuruFocus recently updated the portfolio of Delphi Management Inc., located in Boston. The firm’s founder and president Scott Black lists 121 stocks, 12 of them new, with a total value of $839 million and a quarter-over-quarter turnover of 19%. Here are the adds made by investor Guru Scott Black as of June 30, 2013. Read more...
Conservative Scott Black’s Delphi Management - Five New Buys
As of July 12, 2013, the updated portfolio of Boston-based Delphi Management Inc., led by the firm’s founder and president Scott M. Black, lists 121 stocks, 12 of them new, with a total value of $839 million and a quarter-over-quarter turnover of 19%. According to GuruFocus research, Delphi Management was very busy buying and selling in the second quarter of 2013. Here are the highlights of the conservative investor Guru Scott Black’s new buys as of June 30, 2013. Read more...
» More Scott Black Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Scott Black's Top Second Quarter Stock Buys Scott Black - Scott Black's Top Second Quarter Stock Buys
Founder and president of Delphi Management Inc. Scott Black (Trades, Portfolio) is a Graham-Dodd value investor who focuses in particular on management, contacting the heads of every company in which he invests. Black’s company also takes only long positions and holds only U.S.-based stocks. More...

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Guru Scott Black Prefers Small Caps in His Barron's Midyear Roundtable Stock Picks Scott Black,Steven Cohen - Guru Scott Black Prefers Small Caps In His Barron's Midyear Roundtable Stock Picks
Every year Barron’s gets its Roundtable team together and they discuss stock picks and the status of the economy in general. Guru Scott Black (Trades, Portfolio) is another member of Barron’s Roundtable team, and the following stocks are his Midyear Roundtable stock picks and updates from January’s Roundtable picks. For this midyear’s roundtable, Black chose two small cap stocks as his picks despite the fact that he currently believes that “small- and mid-cap stocks, as an asset class, are overpriced.” More...

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Rating: 5.0/5 (2 votes)

Value Investor Scott Black Discusses Berkshire Hathaway, Other Cheap Stocks Scott Black - Value Investor Scott Black Discusses Berkshire Hathaway, Other Cheap Stocks
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Stocks Scott Black Likes - Flextronics, PDC Energy
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Rating: 3.7/5 (3 votes)

Delphi's Scott Black - Bullish on U.S.
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Rating: 3.8/5 (4 votes)

Scott Black’s Barron’s Roundtable Stock Picks Report Card Scott Black - Scott Black’s Barron’s Roundtable Stock Picks Report Card
Every year Barron’s gets its Roundtable team together and they discuss stock picks and the status of the economy in general.  Guru Scott Black (Trades, Portfolio) is a member of Barron’s Roundtable team, and the following stocks are his stock picks for 2013 and how they ended up doing for the year.  More...

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Rating: 4.0/5 (5 votes)

Scott Black's Largest Stock Buys of the Fourth Quarter Scott Black - Scott Black's Largest Stock Buys Of The Fourth Quarter
Scott Black (Trades, Portfolio) is founder and president of Delphi Management, a long-only firm operating bottom-up, value-based strategies. Black told CNBC in November that despite the rising tide in the market, attractive opportunities still exist. “What you have to do is find deep value, high-return on equity companies that have solid earnings prospects that still sell at low multiples,” he said. More...

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Rating: 1.5/5 (2 votes)

Weekly CEO Buys Highlight: SIGM, CLMS, OPK, GMAN, GBDC
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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Rating: 2.4/5 (5 votes)

A High Yield Oil & Gas Portfolio
Even when the Federal Reserve has already decided to start diminishing the rate at which its buying securities, interest rates are still at record low levels. Hence, its still very tough to get decent yields through buying high grade bonds with maturities below 15 years. If rates start going up, high grade bond prices should plunge, and this makes them risky at current market prices. On the other hand, we can find most international corporations increasing their cash returns to shareholders through dividends and buybacks. Here I chose three high quality oil and gas stocks that are poised to keep paying high cash dividend yields. More...

LONG, OIL & GAS


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Rating: 5.0/5 (2 votes)

Scott Black, Delphi Management Recommends Stocks
Scott Black, founder of the Boston-based firm Delphi Management, gives his stock picks on CNBC: Myriad Genetics (MYGN) and Skyworks Solutions (SWKS). More...

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You Should Consider Royal Dutch Shell
Royal Dutch Shell (RDS.A), which is held by Scott Black and Tweedy Browne, is a wonderful asset for any long term portfolio looking for a high and sustainable cash dividend yield and future growth potential. Since 2005, Shell has been investing heavily in order to grow its oil and gas production and increase its downstream and upstream margins. In addition, after disappointing quarterly results, the company sells at a great discount to its big oil peers. Maybe now its the time to start looking at this great cash flow generator. More...

LONG, OIL MAJORS


  • Currently 3.60/5

Rating: 3.6/5 (5 votes)

Barron’s The Art of Successful Investing Conference – Guru Stock Picks Scott Black - Barron’s The Art Of Successful Investing Conference – Guru Stock Picks
Barron’s recently hosted its ninth annual Art of Successful Investing Conference which hosted some of the best American investors. This conference, which hosted the GuruFocus-followed gurus: David Herro , Scott Black and Leon Cooperman along with Felix Zulaf, Fred Hickey, Marc Faber, Oscar Shafer and William Priest, gave highly valued investors the opportunity to discuss their stock picks along with what techniques and strategies they used to get to where they are today. More...

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Rating: 4.0/5 (1 vote)

Weekly Guru Bargains Highlight: POT
According to GuruFocus updates , these stocks have declined the most since Gurus have bought. More...

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Rating: 3.5/5 (2 votes)

EMC Update - Numerous Billionaires Hold, Three Gurus Reduce in Third Quarter Scott Black - EMC Update - Numerous Billionaires Hold, Three Gurus Reduce In Third Quarter
Three billionaires reduced EMC Corporation (EMC) in the third quarter, but a large group of billionaires remains heavily invested in the global data storage company, and here’s why. EMC has invested $17 billion in acquisitions in the last 10 years, integrating more than 70 technology companies to strengthen their core business and extend their reach to 86 countries. The company’s revenue growth is 14.80% over 10 years and 6.70% over 12 months. EMC’s EBITDA growth rate is 18.80% over 10 years and 5.40% over 12 months, and its book value growth is 9.50% over 10 years and 9.60% over 12 months, all based on annual rates per share. Furthermore, as a Fortune 500 company, EMC Corporation ranks 139th, and the company had its record revenue year in 2012, with reported revenue at $21.7 billion. EMC has around 400 sales offices and employs approximately 60,000 people worldwide. More...

DATA STORAGE


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Scott Black’s Top Five Third Quarter Holdings Scott Black - Scott Black’s Top Five Third Quarter Holdings
Scott Black is the chairman, president, chief investment officer and founder of Boston-based Delphi Management, and is often featured in Barron’s. Delphi Management’s investment philosophy states that they “only invest in companies that meet our internally developed set of rigorous quantitative criteria.” The fund also only invests in equity securities of US-listed companies, and takes only long positions. More...

  • Currently 4.75/5

Rating: 4.8/5 (4 votes)

Scott Black's Delphi Management Top 5 New Stock Buys Scott Black - Scott Black's Delphi Management Top 5 New Stock Buys
Several times over the quarter, Scott Black, manager of the $970 million Boston hedge fund Delphi Management, insisted individual stocks were still cheap amid the broader rising market. The deep value player in an August CNBC interview called the S&P “fairly valued,” saying: More...

  • Currently 4.00/5

Rating: 4.0/5 (5 votes)

Why You Should Invest in This Auto Parts Supplier
Automobile manufacturers have been performing well as of late, largely due to increasing sales pushed by a recovering U.S. economy and growing emerging markets. Auto parts suppliers, such as TRW Automotive Holdings Corp (TRW) and Johnson Controls Inc. (JCI), are bound to benefit largely from rising sales, and thus present themselves as interesting investment opportunities. However, due to their focus on different industry segments, and their current stock valuation, investing in only one of these companies makes sense. More...

AUTO, PARTS, SAFETY, INTERIOR


  • Currently 3.14/5

Rating: 3.1/5 (7 votes)

Delphi's Scott Black Comments on the Economy, Debt Ceiling, Value Stocks Scott Black - Delphi's Scott Black Comments On The Economy, Debt Ceiling, Value Stocks
If congress doesn't raise the debt ceiling, the economy could return to stall speed the way it did the last time congress faced off over the debt ceiling, founder of Boston-based money management firm Delphi Management says. He also warns against buying Tesla (TSLA) and Facebook (FB) right now. More...

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Guru Stocks at 52-Week Lows: IBM, T, SO, DE, CUK
According to GuruFocus list of 52-week lows , these Guru stocks have reached their 52-week lows. More...

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Delphi's Scott Black: 'Individual Stocks Still Cheap'

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