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Kahn Brothers Adds to Multiple Positons in 2nd Quarter

The firm's 7 largest buys

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Aug 09, 2017
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Kahn Brothers (Trades, Portfolio) added to the following positions during the second quarter.

The firm beefed up its Assured Guaranty Ltd. (

AGO, Financial) stake by 101.67%. The transaction had an impact of 2.49% on the portfolio.

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The company provides insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity (ROE) of 17.46% and return on assets (ROA) of 7.93% are outperforming 88% of companies in the Global Insurance - Specialty industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.16 is below the industry median of 11.01.

Another notable shareholder among the guru is

Arnold Schneider (Trades, Portfolio) with 0.65% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.29%, Jeremy Grantham (Trades, Portfolio) with 0.26%, Chuck Royce (Trades, Portfolio) with 0.26%, Diamond Hill Capital (Trades, Portfolio) with 0.09%, Lee Ainslie (Trades, Portfolio) with 0.03%, Paul Tudor Jones (Trades, Portfolio) with 0.02% and Caxton Associates (Trades, Portfolio) with 0.01%.

The firm boosted its VOXX International Corp. (

VOXX, Financial) stake by 30.89%, impacting the portfolio by 0.68%.

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The company manufactures rear-seat entertainment devices for vehicles, home theater systems and music systems.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of 1.46% and ROA of 0.84% are underperforming 81% of companies in the Global Auto Parts industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.07 is below the industry median of 0.59.

Royce is another notable shareholder among the gurus with 7.42% of outstanding shares, followed by

Jim Simons (Trades, Portfolio) with 1.09% and Charles Brandes (Trades, Portfolio) with 0.18%.

The IDT Corp. (

IDT, Financial) holding was increased 31.54%, expanding the portfolio by 0.28%.

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It is a telecommunications company.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 21.56% and ROA of 6.17% are outperforming 75% of companies in the Global Telecom Services industry. Financial strength has a rating of 8 out of 10 with no debt.

With 5.66% of outstanding shares, Simons is the company's largest guru shareholder, followed by Kahn Brothers with 2.16%.

The firm added 1.67% to its BP PLC (

BP, Financial) holding. The transaction had an impact of 0.12% on the portfolio.

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BP is an integrated oil and gas company.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 3.99% and ROA of 1.44% are underperforming 58% of companies in the Global Oil and Gas Integrated industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.37 is below the industry median of 0.38.

The company's largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.16% of outstanding shares, followed by

Richard Pzena (Trades, Portfolio) with 0.19%, Brandes with 0.11%, Ken Fisher (Trades, Portfolio) with 0.02% and Ray Dalio (Trades, Portfolio) with 0.01%.

The firm increased its MBIA Inc. (

MBI, Financial) position by 1.30% with an impact of 0.08% on the portfolio.

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The company provides financial guarantee insurance to the U.S. public finance markets.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of -9.61% and ROA of -2.83% are underperforming 95% of companies in the Global Insurance - Property and Casualty industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.05 is below the industry median of 2.41.

Royce is another notable shareholder among the gurus with 2.99% of outstanding shares, followed by

Francis Chou (Trades, Portfolio) with 0.84%, Simons with 0.2% and Grantham with 0.19%.

The firm increased its stake in Nam Tai Property Inc. (NTP) by 3.33%. The trade had an impact of 0.08% on the portfolio.

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The company is a Chinese electronic equipment manufacturer. It focuses on liquid crystal display (LCD) panels, mobile phones and calculators.

GuruFocus gives the company a profitability and growth rating of 2 out of 10. The ROE of -1.07% and ROA of -1.04% are underperforming 80% of companies in the Global Electronic Components industry. Financial strength has a rating of 10 out of 10 with no debt.

Another notable guru shareholder is Simons with 0.32%.

The firm's holding of GlaxoSmithKline PLC (

GSK, Financial) was increased 0.39%, expanding the portfolio 0.03%.

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The pharmaceutical company focus on respiratory and antiviral treatments, vaccines, over-the-counter (OTC) medicines and health-related consumer products.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the ROE of 221.39% is outperforming the sector, the ROA of 3.30% is underperforming 54% of companies in the Global Drug Manufacturers - Major industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.22 is below the industry median 2.05.

With 0.51% of outstanding shares, Fisher is the company's largest guru shareholder, followed by Hotchkis & Wiley with 0.31%, Simons with 0.18%, Brandes with 0.14%,

NWQ Managers (Trades, Portfolio) with 0.1%, John Rogers (Trades, Portfolio) with 0.07%, PRIMECAP Management (Trades, Portfolio) with 0.04% and Pioneer Investments (Trades, Portfolio) with 0.03%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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