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 purchases during the quarter that ended on September 30, 2010:
No. 1: MasterCard Inc. (MA, Financial), Add: 1.7% of the portfolio - Total: 60,000 Shares
MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Inc. has a market cap of $31.12 billion; its shares were traded at around $237.79 with a P/E ratio of 17.9 and P/S ratio of 6.1. The dividend yield of Mastercard Inc. stocks is 0.3%.
No. 2: Ross Stores Inc. (ROST, Financial), Add: 0.83% of the portfolio - Total: 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.
No. 3: Lamar Advertising Company (LAMR, Financial), Add: 0.8% of the portfolio - Total: 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: Carter's Inc. (CRI, Financial), Buy: 0.67% of the portfolio - Total: 100,000 Shares
Carters Inc markets baby apparel and young children's apparel in the United States. Carter's Inc. has a market cap of $1.86 billion; its shares were traded at around $31.36 with a P/E ratio of 12.8 and P/S ratio of 1.1. Carter's Inc. had an annual average earning growth of 11.8% over the past 5 years.
MA, ROST, LAMR, CRI, KMX
No. 5: CarMax Inc. (KMX, Financial), Add: 0.24% of the portfolio - Total: 490,620 Shares
CarMax Group is a subsidiary of Circuit City Stores, Inc. Carmax Inc. has a market cap of $7.5 billion; its shares were traded at around $33.37 with a P/E ratio of 22.1 and P/S ratio of 1. Carmax Inc. had an annual average earning growth of 18.7% over the past 5 years.
Check out Akre’s complete portfolio by clicking on Chuck Akre.
(Source: Bloomberg)
These are Akre’s top purchases during the quarter that ended on September 30, 2010:
No. 1: MasterCard Inc. (MA, Financial), Add: 1.7% of the portfolio - Total: 60,000 Shares
MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Inc. has a market cap of $31.12 billion; its shares were traded at around $237.79 with a P/E ratio of 17.9 and P/S ratio of 6.1. The dividend yield of Mastercard Inc. stocks is 0.3%.
No. 2: Ross Stores Inc. (ROST, Financial), Add: 0.83% of the portfolio - Total: 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.
No. 3: Lamar Advertising Company (LAMR, Financial), Add: 0.8% of the portfolio - Total: 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: Carter's Inc. (CRI, Financial), Buy: 0.67% of the portfolio - Total: 100,000 Shares
Carters Inc markets baby apparel and young children's apparel in the United States. Carter's Inc. has a market cap of $1.86 billion; its shares were traded at around $31.36 with a P/E ratio of 12.8 and P/S ratio of 1.1. Carter's Inc. had an annual average earning growth of 11.8% over the past 5 years.
MA, ROST, LAMR, CRI, KMX
No. 5: CarMax Inc. (KMX, Financial), Add: 0.24% of the portfolio - Total: 490,620 Shares
CarMax Group is a subsidiary of Circuit City Stores, Inc. Carmax Inc. has a market cap of $7.5 billion; its shares were traded at around $33.37 with a P/E ratio of 22.1 and P/S ratio of 1. Carmax Inc. had an annual average earning growth of 18.7% over the past 5 years.
Check out Akre’s complete portfolio by clicking on Chuck Akre.
