Joel Greenblatt

Joel Greenblatt

Last Update: 08-14-2017

Number of Stocks: 948
Number of New Stocks: 217

Total Value: $7,119 Mil
Q/Q Turnover: 33%

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

Joel Greenblatt Watch

  • 7 Stocks With Growing Revenue and Strong Earnings

    The following companies have boosted their revenues and earnings over the last several years.


    Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) has a five-year revenue growth rate of 18% and a five-year earnings per share (EPS) growth rate of 16%. The stock is trading with a price-earnings (P/E) ratio of 16.6 and has a positive six-month return of 20.4%.

      


  • 5 Industrial Companies Gurus Are Buying

    According to the GuruFocus All-In-One Screener, the following companies with core business in the industrials sector have positions in gurus' portfolios.


    Five gurus hold 2 million shares of Textron Inc. (TXT) with a total weight of 0.75% on their portfolios.

      


  • Bargain Stocks With Strong Earnings

    Companies with growing earnings per share (EPS) are often good investments as they can return a solid profit to investors. According to the discount cash flow (DCF) calculator, the following are undervalued companies that have grown EPS over a five-year period.


    The EPS of Cheesecake Factory Inc. (CAKE) grew by 10% over the last five years.

      


  • Northrop Grumman to Acquire Orbital ATK for $7.8 Billion

    Global security company Northrop Grumman Corp. (NYSE:NOC) announced Sept. 18 it is buying missile maker Orbital ATK Inc. (NYSE:OA) for $7.8 billion in cash.


    According to the terms of the deal, Northrop will pay $134.50 per share, which is approximately a 22% premium to Orbital’s closing price of $110.04 on Friday. In addition, the company will assume $1.4 billion of Orbital’s net debt, bringing the total price tag to $9.2 billion.

      


  • Constructing Virtual Reality: Silicon Valley's Appeal in Japan’s Fukui Computer Holdings

    Technology in construction


    According to McKinsey & Co., the construction industry is among the least digitized, only ahead of agriculture. Concepts like internet of things (IoT) and business process automation might as well be a foreign language, but there is good reason for this. The construction industry is project-based and project contents often vary greatly - the same construction company can build an office building, automotive dealership and an NBA stadium all at the same time. The nature of the industry requires companies to be flexible, but flexibility does not always mix well with digitization.

      


  • Cracker Barrel Shares on a Roll After Earnings Beat

    Restaurant and gift store operator Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) reported its results for the fourth quarter and full fiscal 2017 before the opening bell on Sept. 13.


    The Lebanon, Tennessee-based company posted EPS of $2.23 for the quarter, beating estimates of $2.18. Quarterly revenue of $743.2 million missed expectations of $750.3 million and declined 0.3% from the prior-year quarter.

      


  • Risk-Reward With Bed Bath & Beyond

    Bed Bath & Beyond Inc. (NASDAQ:BBBY) has more than 1,500 stores across its retail lineup, which includes its flagship Bed Bath & Beyond stores, 276 Cost Plus World Market stores and 113 Buy Buy Baby stores. The stock has been cut in half since the end of 2015, but the underlying business is still producing cash as the company adjusts to new industry trends.


    The company generates over $12 billion a year in sales ($83 per share) and netted $637 million in the last 12 months. If you have been waiting for a bear market to start buying, just look at the retail sector where traders continue to push valuations lower. Sellers have built a pretty sizable position with 15.7 million shares (11%) of the stock sold short.

      


  • Risk-Reward With Chipotle at $300

    Big money managers like Ray Dalio (TradesPortfolio), Joel Greenblatt (TradesPortfolio), Frank Sands (TradesPortfolio), Paul Tudor Jones (TradesPortfolio), Ruane Cunniff (TradesPortfolio), Jim Simons (TradesPortfolio) and Bill Ackman (TradesPortfolio) have stakes in Chipotle Mexican Grill Inc. (NYSE:CMG).


    In fact, Ackman has built a sizable position over 10%, which is almost 20% of his assets under management. He may start to use his 10% stake to lean on management for activist goals, which is actually good news for shareholders.

      


  • 5 Energy Companies Gurus Are Buying

    According to the GuruFocus All-In-One Screener, the following companies with core business in the energy sector have positions in gurus' portfolios.


    Six gurus hold 4.7 million shares of Patterson-UTI Energy Inc. (PTEN) with a total weight of 5.48% on their portfolios.

      


  • Shaking Up Leadership, Kraft Heinz Installs New CFO

    Food and beverage company The Kraft Heinz Co. (NASDAQ:KHC) announced Sept. 8 it is shaking up its leadership team.


    On Oct. 1, Executive Vice President and Chief Financial Officer (CFO) Paulo Basilio will become president of the company’s U.S. business. David Knopf, current vice president and category head of the company’s Planters business, will succeed him.

      


  • 5 Health Care Companies Gurus Are Buying

    According to the GuruFocus All-In-One Screener, the following health care stocks have positions in gurus' portfolios.


    Twenty-three gurus hold shares of Shire PLC ADR (NASDAQ:SHPG).

      


  • Express Scripts Is on Sale

    Express Scripts Holding Co. (NASDAQ:ESRX) acts as a third-party administrator of prescription drug programs. It is a good business. In fact, it is the largest pharmacy benefits manager (PBM) in the United States, generating revenue from the delivery of prescription drugs to client-pharmacies, processing pharmacy claims, compliance programs and data analysis.


    The stock is trading at essentially the same price it was five years ago even though the company’s earnings are up more than $2 billion and it remains on track to see north of $7 a share in 2017, and even more in 2018. What is more, it is trading at a 10 times multiple because of a disagreement with Anthem Inc. (NYSE:ANTM) over cost savings. CEO Tim Wentworth indicated he does not expect the relationship to be mended before the contract concludes in 2019.

      


  • Risk Reward With La-Z-Boy

    Despite sales being up 5%, La-Z-Boy (NYSE:LZB) fell 20% Wednesday sparked by the company's significantly lower operating margins, a reduced level of sales leverage due to lower volume and a warning out of Stifel Nicolaus (NYSE:SF) that the costs of adding new stores might continue to drag on margins.


    In the last decade, La-Z-Boy has grown its sales back above the pre-housing bubble high water mark, even remaining highly profitable. If this was a private business, it might be a good buy under 15x net earnings. Then again, that assumes too many good things are going to happen in the future. Of course, the market may have to be willing to put a higher multiple on it as long as growth continues.

      


  • Dollar Cost Average in Foot Locker

    Foot Locker (NYSE:FL) stock was down 27% Friday on reports that, while total store count rose to 3,359, comparable-store sales fell 6% in the second quarter, sales decreased 4.3% for the quarter, gross margins fell 340 basis points to 29.6%, and SG&A expenses increased to 19.9%.


    Top money managers George Soros, Joel Greenblatt, Jeremy Grantham, Paul Tudor Jones and Ray Dalio have tiptoed into the stock, but will any of them see this move down as a big buying opportunity? If you bought in at $48 and still believe in the long-term growth and value the company brings to the table, then buying at a 26% discount should be an easy decision.

      


  • The Toyota of Chemical Companies

    According to Misaki Investments, 80%-plus of institutional investors in Japan hold investments for less than a year. Comparatively 62% of institutional investors in the U.S. hold investments for less than a year.


    As you may have already guessed, value investing is not popular in Japan. This fact combined with the language barrier often presents me with “hidden” gems in plain sight. Daicel Corp. (TSE:4202) is an example of this.

      


  • Gurus' Worst-Performing Stocks

    While gurus hold positions in these companies, the stock price and returns continue to fall. These are the worst-performing stocks over the last three months with a long-term presence in more than four gurus’ portfolios.


    United Rentals Inc. (NYSE:URI) had a negative performance of 9.5% over the last six months. Five mutual funds hold the stock with a total weight of 1.75% on their portfolios.

      


  • 7 Stocks With Rising Book Values

    The following companies have grown their book values per share (BV/S) over the last 10 years.


    BV/S is calculated as total equity minus preferred stock, divided by shares outstanding (EOP). Theoretically, it is what shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets minus total liabilities. Since the BV/S may not reflect the company’s true value, some investors check the tangible book value to confirm their investment ideas.

      


  • Put Corporate Japan's Cash in Your Wallet

    There are plenty of reasons to keep your money away from Japan, including the declining and aging population, corporate governance and poor capital allocation, just to name a few. Bad news seems to travel quickly, however, and there is still plenty to like about Japan, which is often overlooked. Here, I will shed some light on Japan’s often overlooked good news.


    Corporate Japan’s balance sheet

      


  • A Solid Women's Retail Trade

    Since Francesca’s Holdings Corp. (NASDAQ:FRAN) opened its first store in Houston, Texas less than 20 years ago, it has grown to over 670 boutiques in 48 states. The company is known for upscale, fashion-forward women’s apparel and accessories with a consumer age range between 18 and 35 years old. The boutiques stock new merchandise every five days and turns over the inventory eight to nine times a year. By comparison, Lululemon Athletica Inc. (NASDAQ:LULU) turns over four times a year, Express Inc. (EXPR) turns over six times a year and H&M (OSTO:HMB) turns over at three times a year.


    The retailer has seen significant financial growth since going public in 2011, increasing sales from $135 million to $489 million with EPS moving up to $1.03 from 41 cents. The company also spends just $21 million of its $39 million net income on capital expenditures, has super high returns on both assets and equity and has $48 million in cash with zero debt. As its financial performance grew stronger, however, the stock price was cut down more than 65%, from $27 to $9 and change.

      


  • Here's Why You Should Pay Attention to Carter's

    Carter's Inc. (NYSE:CRI), a $4.29 billion market cap company, is the largest branded marketer in the U.S. of apparel and related products exclusively for babies and young children. The company has declined earnings per share in the most recent quarter compared to the same quarter a year ago, to 95 cents from $1.04. As we can appreciate in the next chart, it has demonstrated a pattern of positive earnings-per-share growth over time. During the past fiscal year, the company increased its bottom line: Carter´s earned $5.11 versus $4.52 in the previous year. For this year, Mr. Market expects an improvement in earnings ($5.62 versus $5.11).


      


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