Chuck Akre, who last year left FBR Funds and started his own Akre Focus Fund, talks about his investment strategy and his view on TJX Cos Inc., Ross Stores Inc. and Dollar Tree Inc. Akre speaks with Betty Liu on Bloomberg Television's "In the Loop."
(Source: Bloomberg)
These are Akre’s top holding as of September 30, 2010:
No. 1: American Tower Corp. (AMT, Financial), Weightings: 13.9% - 1,071,849 Shares
American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. American Tower Corp. has a market cap of $20.88 billion; its shares were traded at around $52.04 with a P/E ratio of 59.1 and P/S ratio of 12.1. American Tower Corp. had an annual average earning growth of 9.8% over the past 10 years. GuruFocus rated American Tower Corp. the business predictability rank of 2-star.
No. 2: Markel Corp. (MKL, Financial), Weightings: 10.03% - 115,096 Shares
Markel Corporation markets and underwrites specialty insurance products andprograms to a variety of niche markets. Markel Corp. has a market cap of $3.5 billion; its shares were traded at around $358.28 with a P/E ratio of 16.6 and P/S ratio of 1.7.
No. 3: Lamar Advertising Company (LAMR, Financial), Weightings: 9.97% - 1,238,320 Shares
Lamar Advertising Company is one of the largest and most experienced owners and operators of outdoor advertising structures in the United States. Lamar Advertising Company has a market cap of $3.4 billion; its shares were traded at around $36.81 with and P/S ratio of 3.2. Lamar Advertising Company had an annual average earning growth of 6.3% over the past 10 years. GuruFocus rated Lamar Advertising Company the business predictability rank of 4.5-star.
No. 4: DOLLAR TREE, INC. (DLTR, Financial), Weightings: 7.54% - 610,792 Shares
Dollar Tree Stores, Inc is an operator of discount variety stores offering merchandise at a fixed price point of $1. Dollar Tree, Inc. has a market cap of $7.12 billion; its shares were traded at around $56.09 with a P/E ratio of 18.9 and P/S ratio of 1.3. Dollar Tree, Inc. had an annual average earning growth of 9.7% over the past 10 years.
No. 5: Enstar Group Ltd. (ESGR, Financial), Weightings: 7.27% - 395,620 Shares
Enstar Group Inc is engaged in the active search for and acquisition of one or more additional operating businesses. Enstar Group Ltd. has a market cap of $1.18 billion; its shares were traded at around $85.12 with a P/E ratio of 7.6 and P/S ratio of 11.5.
No. 6: Ross Stores Inc. (ROST, Financial), Weightings: 6.76% - 489,055 Shares
Ross Stores, Inc. operates a chain of off-price retail apparel and home accessories stores, which target value conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households. Ross Stores Inc. has a market cap of $7.9 billion; its shares were traded at around $65.58 with a P/E ratio of 14.8 and P/S ratio of 1.1. The dividend yield of Ross Stores Inc. stocks is 1%. Ross Stores Inc. had an annual average earning growth of 11.3% over the past 10 years. GuruFocus rated Ross Stores Inc. the business predictability rank of 3.5-star.
Check out Akre’s complete portfolio by clicking on Chuck Akre.
(Source: Bloomberg)
These are Akre’s top holding as of September 30, 2010:
No. 1: American Tower Corp. (AMT, Financial), Weightings: 13.9% - 1,071,849 Shares
American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. American Tower Corp. has a market cap of $20.88 billion; its shares were traded at around $52.04 with a P/E ratio of 59.1 and P/S ratio of 12.1. American Tower Corp. had an annual average earning growth of 9.8% over the past 10 years. GuruFocus rated American Tower Corp. the business predictability rank of 2-star.
No. 2: Markel Corp. (MKL, Financial), Weightings: 10.03% - 115,096 Shares
Markel Corporation markets and underwrites specialty insurance products andprograms to a variety of niche markets. Markel Corp. has a market cap of $3.5 billion; its shares were traded at around $358.28 with a P/E ratio of 16.6 and P/S ratio of 1.7.
No. 3: Lamar Advertising Company (LAMR, Financial), Weightings: 9.97% - 1,238,320 Shares
Lamar Advertising Company is one of the largest and most experienced owners and operators of outdoor advertising structures in the United States. Lamar Advertising Company has a market cap of $3.4 billion; its shares were traded at around $36.81 with and P/S ratio of 3.2. Lamar Advertising Company had an annual average earning growth of 6.3% over the past 10 years. GuruFocus rated Lamar Advertising Company the business predictability rank of 4.5-star.
No. 4: DOLLAR TREE, INC. (DLTR, Financial), Weightings: 7.54% - 610,792 Shares
Dollar Tree Stores, Inc is an operator of discount variety stores offering merchandise at a fixed price point of $1. Dollar Tree, Inc. has a market cap of $7.12 billion; its shares were traded at around $56.09 with a P/E ratio of 18.9 and P/S ratio of 1.3. Dollar Tree, Inc. had an annual average earning growth of 9.7% over the past 10 years.
No. 5: Enstar Group Ltd. (ESGR, Financial), Weightings: 7.27% - 395,620 Shares
Enstar Group Inc is engaged in the active search for and acquisition of one or more additional operating businesses. Enstar Group Ltd. has a market cap of $1.18 billion; its shares were traded at around $85.12 with a P/E ratio of 7.6 and P/S ratio of 11.5.
No. 6: Ross Stores Inc. (ROST, Financial), Weightings: 6.76% - 489,055 Shares
Ross Stores, Inc. operates a chain of off-price retail apparel and home accessories stores, which target value conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households. Ross Stores Inc. has a market cap of $7.9 billion; its shares were traded at around $65.58 with a P/E ratio of 14.8 and P/S ratio of 1.1. The dividend yield of Ross Stores Inc. stocks is 1%. Ross Stores Inc. had an annual average earning growth of 11.3% over the past 10 years. GuruFocus rated Ross Stores Inc. the business predictability rank of 3.5-star.
Check out Akre’s complete portfolio by clicking on Chuck Akre.
