The printed version of the April 2011 issue of Money magazine has an article featuring Wallace Weitz, interviewed by Susi Poppick.
Like his fellow citizen in Omaha, Nebraska and many other investment Gurus, Weitz ran concentrate portfolios. As he discussed in the interview:
In the interview, Weitz discussed a number of stock ideas in the construction material and health care sector. Further he commented his holding in Microsoft (MSFT) as a value play:
Also check out:
Like his fellow citizen in Omaha, Nebraska and many other investment Gurus, Weitz ran concentrate portfolios. As he discussed in the interview:
We’re looking for companies that have some control over their destiny. They generate more cash than they need and have ways to reinvest. Or they’ll buy back shares. Once we measure business value – the present value of all cash an owner can expect over the years – we want to be able to buy stock discounts to it. So if something goes wrong, or we measured the value wrong, we still havea chance to profit
In the interview, Weitz discussed a number of stock ideas in the construction material and health care sector. Further he commented his holding in Microsoft (MSFT) as a value play:
It’s trading for just 10 times earnings and has tons of cash. Windows and Office are huge, but Microsoft gets no respect because it’s not done a terrific job redeploying profits. The value of business is underestimated; in a quiet way, the stock is likely to find its way to a 20% or 30% price over a year or two.
Also check out:
