Scott Black

Scott Black

Last Update: 08-15-2017

Number of Stocks: 80
Number of New Stocks: 4

Total Value: $180 Mil
Q/Q Turnover: 15%

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

Scott Black Watch

  • 6 Stocks Boosting Earnings and Revenue

    According to GuruFocus' All-In-One Screener, the following companies have boosted their revenues and earnings over the last several years.

    WPP PLC ADR (WPPGY) has a five-year revenue growth rate of 8% and a five-year earnings per share (EPS) growth rate of 11%. The stock is trading with a price-earnings (P/E) ratio of 10.2 and has a negative six-month return of 13%.


  • Scott Black Establishes 4 New Positions in 2nd Quarter

    Delphi Management founder Scott Black (Trades, Portfolio) established four new positions in the second quarter: Dick’s Sporting Goods Inc. (NYSE:DKS), Nova Measuring Instruments Ltd. (NASDAQ:NVMI), Cohu Inc. (NASDAQ:COHU) and AECOM (NYSE:ACM).

    Managing a portfolio of 80 stocks, Black utilizes a value-based strategy to identify companies that meet the firm’s criteria. Disciples of the Graham-Dodd school of value investing, the firm invests in U.S.-listed companies when they are at low absolute valuations, taking only long positions. The current portfolio is composed of mostly consumer cyclical and technology stocks, which have a combined weight of 55.7%.


  • Insiders Invest in National General Holdings

    CEO Barry Karfunkel and Executive Vice President Robert Karfunkel purchased a combined 74,978 shares of National General Holdings Corp. (NASDAQ:NGHC) on March 27 and March 28, according to SEC filings.

    They paid an average price of $22.87 per share. Barry now owns 53,473 shares of the company following the transactions. Robert now owns 28,521 shares.


  • Scott Black Sells Time Warner, Union Pacific, Tegna

    Scott Black (Trades, Portfolio) is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. During the fourth quarter he sold shares in the following stocks:

    The investor exited his position in Time Warner Inc. (TWX) with an impact of -1.52% on the portfolio.


  • Scott Black Continues to Buy Allergan, CVS Health, 6 Others

    Scott Black (Trades, Portfolio) is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. He manages a portfolio composed of 93 stocks with a total value of $171 million. In the third and fourth quarters of 2016 the guru bought shares in the following stocks:

    Southern Missouri Bancorp Inc. (SMBC)


  • Scott Black’s Top 3 New Holdings for the 4th Quarter

    Delphi Management founder Scott Black (Trades, Portfolio) gained 14 new holdings in the final quarter of 2016. His top three new holdings are HD Supply Holdings Inc. (NASDAQ:HDS), Royal Caribbean Cruises Ltd. (NYSE:RCL) and Fabrinet (NYSE:FN).

    Black founded Delphi in 1980 and currently serves in the capacity of president. Since Black is a follower of the Graham-Dodd school of value investing, the firm focuses on a company’s underlying fundamental performance as opposed to betting on short-term market movements. Taking only long positions, the firm invests in U.S.-listed companies that meet a set of rigorous criteria and have good management. The current portfolio is composed of 93 stocks.


  • Scott Black's Best-Performing Assets of 2016

    Scott Black (Trades, Portfolio) is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. The following are the best performers of his investments.

    Thor Industries Inc. (THO) with a market cap of $5.26 billion gained 80.4% in 2016. The guru's holding represents 1.49% of his total assets.


  • Scott Black’s Top 4 New Holdings of 3rd Quarter

    Scott Black (Trades, Portfolio), president and founder of Delphi Management, acquired nine new holdings in the third quarter. His top four new positions are Icon PLC (NASDAQ:ICLR), Lionbridge Technologies (NASDAQ:LIOX), Omega Healthcare Investors (NYSE:OHI) and National General Holdings Corp. (NASDAQ:NGHC).

    A disciple of the Graham-Dodd value strategy, Black’s firm employs an investment strategy that emphasizes the underlying fundamental performance of companies as opposed to making bets on short-term market movements. The investment firm only invests in companies that meet a developed set of quantitative criteria and are under good management. The firm takes only long positions in U.S.-listed companies.


  • Scott Black Exits Avnet, Deckers in 3rd Quarter

    Scott Black is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. During the third quarter the guru’s largest trades were:

    He purchased 29,492 shares in Icon PLC ADR (ICLR) with an impact of 1.42% on the portfolio.


  • 6 Bargain Stocks Trading Below the Peter Lynch Value

    According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with wide margins of safety.

    D.R. Horton Inc. (DHI) is trading at about $29 per share, and the Peter Lynch value gives the stock a fair price of $33.6, giving investors a margin of safety of 15%.


  • Scott Black Bought 6 New Stocks in 2nd Quarter

    Scott Black (Trades, Portfolio) of Delphi Management Inc. added six new holdings to the portfolio in the second quarter.

    The most noteworthy addition was the purchase of 71,910 shares in Skechers USA Inc. (NYSE:SKX), a California-based footwear company, for an average price of $30.21 per share. The transaction had a 1.37% impact on the portfolio.


  • Piotroski F-Score Study: Specialty Retail Companies Offer Hot Buys

    As of July, the Piotroski F-scores for Standard & Poor's 500 companies are normally distributed with a mean of 5.59 and a standard deviation of 1.44. Among specialty retail companies, Foot Locker Inc. (NYSE:FL) and AutoZone Inc. (NYSE:AZO) have the maximum F-score of 9. Since these stocks have many good signs, including high F-scores, many gurus invest major capital into specialty retail companies.

    The Piotroski score and its distribution among S&P 500 companies


  • Scott Black's Largest Buys in 1st Quarter

    Scott Black (Trades, Portfolio) is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. He manages a portfolio composed of 93 stocks and 10 of them are new buys from the first quarter. The most weighted buys follow:

    The investor bought 76,890 shares in Intel Corp. (INTC) with an impact of 1.5% on the portfolio.


  • Companies With Strong Profitability, High Yield

    Using GuruFocus’ All-In-One Screener, I want to highlight stocks that have a growing dividend yield with sustainable payout ratio. This sustainability is confirmed by long term company profitability and a very strong financial situation.

    Magna International Inc. (MGA) has a dividend yield that during the last five years has grown by 35%. The yield is 2.24% with a payout ratio of 19%. The average ROA of the last five years has been 9.21% and ROE had an average performance of 16.97%.


  • Scott Black Takes Stake in Lennar Corp.

    Guru Scott Black (Trades, Portfolio) is a Portland, Maine native who has over 40 years of investment experience. Black graduated with from Johns Hopkins University in applied mathematics and economics. He later earned an MBA in finance at the Harvard Business School in 1971.

    After his service in the U.S. Army, Black founded Delphi Management Inc. in 1980. Delphi Management Inc is an investment firm that focuses on a value-based strategy driven by bottom-up research. Delphi Management currently owns 100 stocks with a total value of $100 million.


  • Scott Black Reduces Position in Berkshire Hathaway

    Scott Black (Trades, Portfolio), chairman, president, CIO and chief compliance officer at Delphi Management, made his most high-profile transactions in reductions of existing stakes in his portfolio in the fourth quarter.

    His most noteworthy transaction was the reduction by nearly 75% of his stake in Berkshire Hathaway (NYSE:BRK.B), Warren Buffett (Trades, Portfolio)’s Omaha, Nebraska-based conglomerate. Black sold 105,901 shares for an average price of $134.28 per share. The transaction had a -2.17% impact on Black’s portfolio.


  • Goodyear Tire Among Companies Trading With Very Low PE

    The following are companies with high and growing dividend yields that gurus are buying according to GuruFocus' All-in-One Screener.

    Goodyear Tire & Rubber Co. (GT) is trading with a P/E ratio of 2.90. According to the DCF calculator, the stock has a fair value of $14.34, while it is trading at about $11.77. That means it is overpriced by 152%. The price has risen by 12% during the last 12 months and is now 15.89% below its 52-week high and 19.24% above its 52-week low.


  • Stocks in the Spotlight

    Stocks ended down on Monday as they came under heavy pressure toward the end of the trading day. Stocks once again followed crude lower, which settled at $30 after finishing last week at $31.

    News is starting to get interesting for energy stocks as the reality of $30 starts to set in. For example, Halliburton presented "an enhanced set of proposed divestitures" to the U.S. Department of Justice earlier this month. Halliburton also laid off 4,000 workers last year in an effort to cut costs down. In Canada, where the cost to produce a barrel of crude is much higher, some producers are losing money on every barrel they sell. Companies operating in the Canadian Oil Sands include Canadian Natural Resources (NYSE:CNQ), Suncor Energy (NYSE:SU), to which Warren Buffett keeps adding, and Imperial Oil (IMO).


  • A Glance at Scott Black's 3rd-Quarter Divestitures

    A guru’s quarterly acquisitions always attract attention, and GuruFocus has examined Scott Black (Trades, Portfolio)’s acquisitions in the third quarter and his top picks for 2016, but there are lessons to be learned from an investor's divestitures. In the third quarter, Black sold 13 stakes.

    The most significant of Black’s third-quarter stakes sales was the divestiture of his 84,741-share stake in United Technologies Corp. (NYSE:UTX), a Hartford, Connecticut-based conglomerate, for an average price of $97.82 per share. The transaction had a -1.26% on Black’s portfolio.


  • 2 Stocks Super Investors Are Buying in Large Quantities

    GuruFocus provides tools and screens to look at 13-F filings in the aggregate and discover lots of information about the famous gurus of value investing. I used the aggregated portfolio tool to sort guru holdings on combined weighting percentage. Basically it shows us which stocks value investment gurus have allocated the most funds to.

    Since J. L. Kelly Jr. gave us the Kelly criterion in 1956, we know that means these are the highest conviction picks of these super investors. This is not quite true, however, because there are a few things messing up that logic. First, the U.S. tax code and long term capital gains tax and some stocks have multiple securities listed under different names.


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