Murray Stahl (Trades, Portfolio) is the Chairman of Horizon Asset Management, Inc. He is also Director of Research and Co-Portfolio Manager of the Small Cap Opportunities Fund and the Paradigm Fund.
During the last quarter of 2014 he bought 32 new stocks to his portfolio and now it is composed of 512 stocks and has a total value of $7,405 Mil with a Q/Q turnover of 4%.
The stocks of his portfolio that are undervalued based on the DCF model and that are now trading with low P/E ratio are :
American Capital Ltd (ACAS)
The stock is currently trading at 9.40 of P/E, +10.60%from its 52-Week Low and -6.65%from its 52-week high. Over the past 12 months, the price dropped by 7%.
The DCF model, gives a fair value of $23.01 that put the stock as Undervalued and with a margin of safety of 37%at current prices.
Profitability & Growth is rated 6/10; returns are positive and ranked higher than 63% of other companies in the Global Asset Management industry.
Manning & Napier Advisors, Inc is the main holder of ACAS (they hold 44,680 shares or 0.02% of Outstanding shares). Murray Stahl holds 56,055 shares that is equal to the 0.01% of value of his portfolio.
American Railcar Industries Inc (ARII)
The stock is currently trading at 12.20 of P/E, +21.65%from its 52-Week Low and -32.17%from its 52-week high. Over the past 12 months, the price didn’t change (-1%)
The DCF model, gives a fair value of $78.62 that put the stock as undervalued and with a margin of safety of 27%at current prices.
Profitability & Growth is rated 7/10 and returns (ROA of 10.13%, ROE of 23.53%, ROC of 50.07%) are ranked higher than 95% of other companies in the Global Railroads industry.
Carl Icahn is the bigger holder of ARII (he holds 55.6% of Shares Outstanding), followed by Murray Stahl (holding 261,408 shares or 1.22% of outstanding shares).
Altisource Portfolio Solutions SA (ASPS)
The stock is currently trading at 6.60 of P/E +119.38%from its 52-Week Low and -77.96%from its 52-week high. Over the past 12 months, the price dropped by 72%.
The DCF model, gives a fair value of $60.92 that put the stock as Undervalued and with a margin of safety of 55%at current prices.
Profitability & Growth is rated 8/10 and returns are ranked higher than 86% of other companies in the Global Business Services industry. This healthy situation can be seen with the ROE of 98.09% or with a ROC of 98.83%. Just return on assets is doing that well, but “just” 12.93%
Leon Cooperman is the main holder of ASPS (he holds 2,257,451 shares or 11.21% of outstanding shares). Murray Stahl holds 49,543 shares or 0.25% of shares outstanding.
Brookfield Property Partners LP (BPY)
The stock is currently trading at 5.10 of P/E, +18.96%from its 52-Week Low and -13.72%from its 52-week high. Over the past 12 months, the price rose by 15%.
The DCF model, gives a fair value of $65.79 that put the stock as Undervalued and with a margin of safety of 65%at current prices.
Profitability & growth is rated 4/10 and returns are positive and ranked higher than 60% of other companies in the Global Real Estate Services industry.
Murray Stahl is the main holder of BPY (he holds 348,768 shares or 0.14% of outstanding shares).
American International Group Inc (AIG)
The stock is currently trading at 10.10 of P/E, +18.90%from its 52-Week Low and -1.69%from its 52-week high. Over the past 12 months, the price rose by 14%.
The DCF model, gives a fair value of $86.59 that put the stock as undervalued and with a margin of safety of 32%at current prices.
Profitability & Growth is rated 4/10 and returns are ranked higher than 66% of other companies in the Global Insurance - Diversified industry.
Bruce Berkowitz is the main holder of AIG (he holds 5.52% of Shares Outstanding), followed by Fairholme Fund (2.16%) and HOTCHKIS & WILLEY (holding 17,988,859 shares or 1.31% of outstanding shares).
