Arnold Van Den Berg likes to buy stocks that are traded at historical low price/sales ratios. He looks into the qualities of the companies to avoid value traps. This portfolio covers his core holdings, and is supplied directly from his firm, Century Management. Arnold Van Den Berg buys Valero Energy Corp., USG Corp., Steelcase Inc., Seabright Insurance Holdings Inc, Jacobs Engineering Group Inc., Lowe's Companies Inc., Charles River Laboratories International, Pool Corp., The L.s. Starrett Company, sells Cost Plus Inc. during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Century Management. Arnold Van Den Berg owns 96 stocks with a total value of $1309.9 billion. These are the details of the buys and sells.
For the details of Arnold Van Den Berg's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Arnold+Van+Den+Berg
This is the sector weightings of his portfolio:
These are the top 5 holdings of Arnold Van Den Berg
Texas Instruments, Inc. is a global semiconductor company and one of the world's designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. Texas Instruments Inc. has a market cap of $31.45 billion; its shares were traded at around $25.32 with a P/E ratio of 20.1 and P/S ratio of 3. The dividend yield of Texas Instruments Inc. stocks is 1.9%. Texas Instruments Inc. had an annual average earning growth of 14.5% over the past 10 years.
CPI Corp. is a holding company engaged, through its subsidiaries, in the development and marketing of consumer services and related products through a network of centrally-managed, small retail locations. Cpi Corp. has a market cap of $100.1 million; its shares were traded at around $14.28 with a P/E ratio of 40.9 and P/S ratio of 0.2. The dividend yield of Cpi Corp. stocks is 4.5%. Cpi Corp. had an annual average earning growth of 2.7% over the past 10 years.
Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD, making it one of the nation's top refiners of petroleum products. Valero Energy Corp. has a market cap of $11.36 billion; its shares were traded at around $20.11 with and P/S ratio of 0.2. The dividend yield of Valero Energy Corp. stocks is 1%. Valero Energy Corp. had an annual average earning growth of 33.6% over the past 10 years. GuruFocus rated Valero Energy Corp. the business predictability rank of 4.5-star.
USG Corp., through its subsidiaries, is a manufacturer and distributor of building materials producing a wide range of products for use in new residential, new nonresidential and repair and remodel construction, as well as products used in certain industrial processes. Usg Corp. has a market cap of $1.74 billion; its shares were traded at around $17.5 with and P/S ratio of 0.6.
Steelcase Inc. is a designer and manufacturer of products used to create high-performance work environments. Steelcase Inc. has a market cap of $880.9 million; its shares were traded at around $6.63 with and P/S ratio of 0.4. The dividend yield of Steelcase Inc. stocks is 2.5%.
Seabright Insurance Holdings, Inc. is an insurance holding company whose wholly owned subsidiary, SeaBright Insurance Company, operates as a specialty provider of multi-jurisdictional workers' compensation insurance. Seabright Insurance Holdings Inc has a market cap of $242.3 million; its shares were traded at around $11.03 with a P/E ratio of 17.5 and P/S ratio of 0.9. The dividend yield of Seabright Insurance Holdings Inc stocks is 1.8%.
Jacobs Engineering Group Inc. is one of the largest professional service firms in the United States providing engineering, design and consulting services; construction and construction management services; and process plant maintenance services to a broad range of industrial, commercialand governmental clients. Jacobs Engineering Group Inc. has a market cap of $5.53 billion; its shares were traded at around $44.37 with a P/E ratio of 15.3 and P/S ratio of 0.5. Jacobs Engineering Group Inc. had an annual average earning growth of 18.5% over the past 10 years. GuruFocus rated Jacobs Engineering Group Inc. the business predictability rank of 3.5-star.
Charles River Laboratories is a provider of critical research tools and integrated support services that enable innovative and efficient drug discovery and development. Charles River Laboratories International has a market cap of $2.62 billion; its shares were traded at around $39.7 with a P/E ratio of 16.6 and P/S ratio of 2.2. Charles River Laboratories International had an annual average earning growth of 6.4% over the past 10 years.
Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's Companies Inc. has a market cap of $36.84 billion; its shares were traded at around $25.25 with a P/E ratio of 20.5 and P/S ratio of 0.8. The dividend yield of Lowe's Companies Inc. stocks is 1.5%. Lowe's Companies Inc. had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated Lowe's Companies Inc. the business predictability rank of 3.5-star.
SCP Pool Corporation distributes swimming pool supplies and related products to swimming pool remodelers and builders, independent retail stores and swimming pool repair and service companies. Pool Corp. has a market cap of $1.13 billion; its shares were traded at around $22.84 with a P/E ratio of 24.3 and P/S ratio of 0.7. The dividend yield of Pool Corp. stocks is 2.2%. Pool Corp. had an annual average earning growth of 10.9% over the past 10 years. GuruFocus rated Pool Corp. the business predictability rank of 3-star.
The L.S. Starrett Company is engaged in the business of manufacturing industrial, professional, and consumer products. The L.s. Starrett Company has a market cap of $68.5 million; its shares were traded at around $10.26 with a P/E ratio of 10.4 and P/S ratio of 0.4. The dividend yield of The L.s. Starrett Company stocks is 2.3%.
Staples.com is creating a business-to-business electronic marketplace offering a comprehensive solution for all of the officeneeds of business customers. Staples Inc. has a market cap of $17.79 billion; its shares were traded at around $24.4 with a P/E ratio of 21.2 and P/S ratio of 0.7. The dividend yield of Staples Inc. stocks is 1.5%. Staples Inc. had an annual average earning growth of 15.4% over the past 10 years. GuruFocus rated Staples Inc. the business predictability rank of 5-star.
Ethan Allen Inc. is a manufacturer and retailer of quality home furnishings, offering a full range of furniture products and accessories. Ethan Allen Interiors Inc. has a market cap of $612.8 million; its shares were traded at around $21.19 with and P/S ratio of 0.9. The dividend yield of Ethan Allen Interiors Inc. stocks is 0.9%.
E.I. DuPont de Nemours is involved in science and technology in a range of disciplines including high-performance materials, specialty chemicals, pharmaceuticals and biotechnology. E.i. Du Pont De Nemours And Co. has a market cap of $35.12 billion; its shares were traded at around $38.79 with a P/E ratio of 19 and P/S ratio of 1.3. The dividend yield of E.i. Du Pont De Nemours And Co. stocks is 4.3%.
Gannett Co., Inc. is an international news and information company that publishes daily newspapers in the USA, including USA TODAY, the nation'slargest-selling daily newspaper. Gannett Co. Inc. has a market cap of $4.17 billion; its shares were traded at around $17.52 with a P/E ratio of 9.4 and P/S ratio of 0.7. The dividend yield of Gannett Co. Inc. stocks is 0.9%.
NEWS CORPORATION is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. News Corp. has a market cap of $26.38 billion; its shares were traded at around $14.48 with a P/E ratio of 18.3 and P/S ratio of 0.9. The dividend yield of News Corp. stocks is 1%.
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Company has a market cap of $165.97 billion; its shares were traded at around $31.99 with a P/E ratio of 17.4 and P/S ratio of 1.7. The dividend yield of Wells Fargo & Company stocks is 0.6%. Wells Fargo & Company had an annual average earning growth of 4.5% over the past 10 years.
Cost Plus, Inc. is a specialty retailer of casual home furnishings and entertaining products. Cost Plus Inc. has a market cap of $55.9 million; its shares were traded at around $2.5301 with and P/S ratio of 0.1.
- New Purchases: CRL, JEC, LOW, POOL, SBX, SCS, SCX, USG, VLO,
- Added Positions: CPY, TXN,
- Reduced Positions: DD, ETH, GCI, NWSA, SPLS, WFC,
- Sold Out: CPWM,
For the details of Arnold Van Den Berg's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Arnold+Van+Den+Berg
This is the sector weightings of his portfolio:
| Technology | 23.3% |
| Industrials | 22.3% |
| Consumer Services | 19.2% |
| Consumer Goods | 14.7% |
| Financials | 8.6% |
| Health Care | 5.5% |
| Oil & Gas | 2.5% |
| Basic Materials | 1.3% |
These are the top 5 holdings of Arnold Van Den Berg
- Microsoft Corp. (MSFT) - 3,130,971 shares, 7% of the total portfolio. Shares reduced by 5.04%
- WalMart Stores Inc. (WMT) - 1,264,318 shares, 5.37% of the total portfolio. Shares reduced by 3.86%
- UnitedHealth Group Inc. (UNH) - 2,118,935 shares, 5.28% of the total portfolio. Shares reduced by 5.23%
- The CocaCola Company (KO) - 1,082,070 shares, 4.54% of the total portfolio. Shares reduced by 4.48%
- ColgatePalmolive Company (CL) - 610,996 shares, 3.98% of the total portfolio. Shares reduced by 5.26%
Added: Texas Instruments Inc. (TXN, Financial)
Arnold Van Den Berg added to his holdings in Texas Instruments Inc. by 26.79%. His purchase prices were between $22.5 and $26.34, with an estimated average price of $24.44. The impact to his portfolio due to this purchase was 0.49%. His holdings were 1,247,743 shares as of 03/31/2010.Texas Instruments, Inc. is a global semiconductor company and one of the world's designers and suppliers of digital signal processors and analog integrated circuits, the engines driving the digitization of electronics. Texas Instruments Inc. has a market cap of $31.45 billion; its shares were traded at around $25.32 with a P/E ratio of 20.1 and P/S ratio of 3. The dividend yield of Texas Instruments Inc. stocks is 1.9%. Texas Instruments Inc. had an annual average earning growth of 14.5% over the past 10 years.
Added: Cpi Corp. (CPY, Financial)
Arnold Van Den Berg added to his holdings in Cpi Corp. by 31.83%. His purchase prices were between $12.07 and $15, with an estimated average price of $13.32. The impact to his portfolio due to this purchase was 0.25%. His holdings were 985,135 shares as of 03/31/2010.CPI Corp. is a holding company engaged, through its subsidiaries, in the development and marketing of consumer services and related products through a network of centrally-managed, small retail locations. Cpi Corp. has a market cap of $100.1 million; its shares were traded at around $14.28 with a P/E ratio of 40.9 and P/S ratio of 0.2. The dividend yield of Cpi Corp. stocks is 4.5%. Cpi Corp. had an annual average earning growth of 2.7% over the past 10 years.
New Purchase: Valero Energy Corp. (VLO, Financial)
Arnold Van Den Berg initiated holdings in Valero Energy Corp.. His purchase prices were between $16.75 and $20.69, with an estimated average price of $18.79. The impact to his portfolio due to this purchase was 1.35%. His holdings were 899,825 shares as of 03/31/2010.Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD, making it one of the nation's top refiners of petroleum products. Valero Energy Corp. has a market cap of $11.36 billion; its shares were traded at around $20.11 with and P/S ratio of 0.2. The dividend yield of Valero Energy Corp. stocks is 1%. Valero Energy Corp. had an annual average earning growth of 33.6% over the past 10 years. GuruFocus rated Valero Energy Corp. the business predictability rank of 4.5-star.
New Purchase: Usg Corp. (USG, Financial)
Arnold Van Den Berg initiated holdings in Usg Corp.. His purchase prices were between $11.58 and $17.5, with an estimated average price of $14.33. The impact to his portfolio due to this purchase was 0.81%. His holdings were 619,750 shares as of 03/31/2010.USG Corp., through its subsidiaries, is a manufacturer and distributor of building materials producing a wide range of products for use in new residential, new nonresidential and repair and remodel construction, as well as products used in certain industrial processes. Usg Corp. has a market cap of $1.74 billion; its shares were traded at around $17.5 with and P/S ratio of 0.6.
New Purchase: Steelcase Inc. (SCS, Financial)
Arnold Van Den Berg initiated holdings in Steelcase Inc.. His purchase prices were between $6.29 and $7.39, with an estimated average price of $6.86. The impact to his portfolio due to this purchase was 0.48%. His holdings were 978,305 shares as of 03/31/2010.Steelcase Inc. is a designer and manufacturer of products used to create high-performance work environments. Steelcase Inc. has a market cap of $880.9 million; its shares were traded at around $6.63 with and P/S ratio of 0.4. The dividend yield of Steelcase Inc. stocks is 2.5%.
New Purchase: Seabright Insurance Holdings Inc (SBX, Financial)
Arnold Van Den Berg initiated holdings in Seabright Insurance Holdings Inc. His purchase prices were between $9.74 and $11.66, with an estimated average price of $10.66. The impact to his portfolio due to this purchase was 0.17%. His holdings were 207,300 shares as of 03/31/2010.Seabright Insurance Holdings, Inc. is an insurance holding company whose wholly owned subsidiary, SeaBright Insurance Company, operates as a specialty provider of multi-jurisdictional workers' compensation insurance. Seabright Insurance Holdings Inc has a market cap of $242.3 million; its shares were traded at around $11.03 with a P/E ratio of 17.5 and P/S ratio of 0.9. The dividend yield of Seabright Insurance Holdings Inc stocks is 1.8%.
New Purchase: Jacobs Engineering Group Inc. (JEC, Financial)
Arnold Van Den Berg initiated holdings in Jacobs Engineering Group Inc.. His purchase prices were between $35.93 and $45.97, with an estimated average price of $40.4. The impact to his portfolio due to this purchase was 0.15%. His holdings were 43,585 shares as of 03/31/2010.Jacobs Engineering Group Inc. is one of the largest professional service firms in the United States providing engineering, design and consulting services; construction and construction management services; and process plant maintenance services to a broad range of industrial, commercialand governmental clients. Jacobs Engineering Group Inc. has a market cap of $5.53 billion; its shares were traded at around $44.37 with a P/E ratio of 15.3 and P/S ratio of 0.5. Jacobs Engineering Group Inc. had an annual average earning growth of 18.5% over the past 10 years. GuruFocus rated Jacobs Engineering Group Inc. the business predictability rank of 3.5-star.
New Purchase: Charles River Laboratories International (CRL, Financial)
Arnold Van Den Berg initiated holdings in Charles River Laboratories International. His purchase prices were between $33.31 and $39.57, with an estimated average price of $37.16. The impact to his portfolio due to this purchase was 0.1%. His holdings were 34,565 shares as of 03/31/2010.Charles River Laboratories is a provider of critical research tools and integrated support services that enable innovative and efficient drug discovery and development. Charles River Laboratories International has a market cap of $2.62 billion; its shares were traded at around $39.7 with a P/E ratio of 16.6 and P/S ratio of 2.2. Charles River Laboratories International had an annual average earning growth of 6.4% over the past 10 years.
New Purchase: Lowe's Companies Inc. (LOW, Financial)
Arnold Van Den Berg initiated holdings in Lowe's Companies Inc.. His purchase prices were between $21.59 and $25.16, with an estimated average price of $23.33. The impact to his portfolio due to this purchase was 0.1%. His holdings were 51,385 shares as of 03/31/2010.Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's Companies Inc. has a market cap of $36.84 billion; its shares were traded at around $25.25 with a P/E ratio of 20.5 and P/S ratio of 0.8. The dividend yield of Lowe's Companies Inc. stocks is 1.5%. Lowe's Companies Inc. had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated Lowe's Companies Inc. the business predictability rank of 3.5-star.
New Purchase: Pool Corp. (POOL, Financial)
Arnold Van Den Berg initiated holdings in Pool Corp.. His purchase prices were between $18.36 and $23.68, with an estimated average price of $20.43. The impact to his portfolio due to this purchase was 0.02%. His holdings were 8,880 shares as of 03/31/2010.SCP Pool Corporation distributes swimming pool supplies and related products to swimming pool remodelers and builders, independent retail stores and swimming pool repair and service companies. Pool Corp. has a market cap of $1.13 billion; its shares were traded at around $22.84 with a P/E ratio of 24.3 and P/S ratio of 0.7. The dividend yield of Pool Corp. stocks is 2.2%. Pool Corp. had an annual average earning growth of 10.9% over the past 10 years. GuruFocus rated Pool Corp. the business predictability rank of 3-star.
New Purchase: The L.s. Starrett Company (SCX, Financial)
Arnold Van Den Berg initiated holdings in The L.s. Starrett Company. His purchase prices were between $8.81 and $11.58, with an estimated average price of $10.31. The impact to his portfolio due to this purchase was 0.02%. His holdings were 26,620 shares as of 03/31/2010.The L.S. Starrett Company is engaged in the business of manufacturing industrial, professional, and consumer products. The L.s. Starrett Company has a market cap of $68.5 million; its shares were traded at around $10.26 with a P/E ratio of 10.4 and P/S ratio of 0.4. The dividend yield of The L.s. Starrett Company stocks is 2.3%.
Reduced: Staples Inc. (SPLS, Financial)
Arnold Van Den Berg reduced to his holdings in Staples Inc. by 26.06%. His sale prices were between $22.56 and $25.93, with an estimated average price of $24.21. The impact to his portfolio due to this sale was -0.01%. Arnold Van Den Berg still held 10,940 shares as of 03/31/2010.Staples.com is creating a business-to-business electronic marketplace offering a comprehensive solution for all of the officeneeds of business customers. Staples Inc. has a market cap of $17.79 billion; its shares were traded at around $24.4 with a P/E ratio of 21.2 and P/S ratio of 0.7. The dividend yield of Staples Inc. stocks is 1.5%. Staples Inc. had an annual average earning growth of 15.4% over the past 10 years. GuruFocus rated Staples Inc. the business predictability rank of 5-star.
Reduced: Ethan Allen Interiors Inc. (ETH)
Arnold Van Den Berg reduced to his holdings in Ethan Allen Interiors Inc. by 66.31%. His sale prices were between $13.29 and $21.78, with an estimated average price of $16.74. The impact to his portfolio due to this sale was -0.23%. Arnold Van Den Berg still held 224,789 shares as of 03/31/2010.Ethan Allen Inc. is a manufacturer and retailer of quality home furnishings, offering a full range of furniture products and accessories. Ethan Allen Interiors Inc. has a market cap of $612.8 million; its shares were traded at around $21.19 with and P/S ratio of 0.9. The dividend yield of Ethan Allen Interiors Inc. stocks is 0.9%.
Reduced: E.i. Du Pont De Nemours And Co. (DD)
Arnold Van Den Berg reduced to his holdings in E.i. Du Pont De Nemours And Co. by 21.15%. His sale prices were between $32.19 and $38.77, with an estimated average price of $34.42. The impact to his portfolio due to this sale was -0.28%. Arnold Van Den Berg still held 467,585 shares as of 03/31/2010.E.I. DuPont de Nemours is involved in science and technology in a range of disciplines including high-performance materials, specialty chemicals, pharmaceuticals and biotechnology. E.i. Du Pont De Nemours And Co. has a market cap of $35.12 billion; its shares were traded at around $38.79 with a P/E ratio of 19 and P/S ratio of 1.3. The dividend yield of E.i. Du Pont De Nemours And Co. stocks is 4.3%.
Reduced: Gannett Co. Inc. (GCI)
Arnold Van Den Berg reduced to his holdings in Gannett Co. Inc. by 51.79%. His sale prices were between $13.53 and $17.25, with an estimated average price of $15.71. The impact to his portfolio due to this sale was -0.3%. Arnold Van Den Berg still held 448,830 shares as of 03/31/2010.Gannett Co., Inc. is an international news and information company that publishes daily newspapers in the USA, including USA TODAY, the nation'slargest-selling daily newspaper. Gannett Co. Inc. has a market cap of $4.17 billion; its shares were traded at around $17.52 with a P/E ratio of 9.4 and P/S ratio of 0.7. The dividend yield of Gannett Co. Inc. stocks is 0.9%.
Reduced: News Corp. (NWSA)
Arnold Van Den Berg reduced to his holdings in News Corp. by 35.76%. His sale prices were between $12.41 and $14.55, with an estimated average price of $13.57. The impact to his portfolio due to this sale was -0.45%. Arnold Van Den Berg still held 1,132,902 shares as of 03/31/2010.NEWS CORPORATION is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. News Corp. has a market cap of $26.38 billion; its shares were traded at around $14.48 with a P/E ratio of 18.3 and P/S ratio of 0.9. The dividend yield of News Corp. stocks is 1%.
Reduced: Wells Fargo & Company (WFC)
Arnold Van Den Berg reduced to his holdings in Wells Fargo & Company by 33.03%. His sale prices were between $26.43 and $31.22, with an estimated average price of $28.49. The impact to his portfolio due to this sale was -0.92%. Arnold Van Den Berg still held 1,176,852 shares as of 03/31/2010.Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Company has a market cap of $165.97 billion; its shares were traded at around $31.99 with a P/E ratio of 17.4 and P/S ratio of 1.7. The dividend yield of Wells Fargo & Company stocks is 0.6%. Wells Fargo & Company had an annual average earning growth of 4.5% over the past 10 years.
Sold Out: Cost Plus Inc. (CPWM)
Arnold Van Den Berg sold out his holdings in Cost Plus Inc.. His sale prices were between $0.98 and $2.8, with an estimated average price of $1.53.Cost Plus, Inc. is a specialty retailer of casual home furnishings and entertaining products. Cost Plus Inc. has a market cap of $55.9 million; its shares were traded at around $2.5301 with and P/S ratio of 0.1.
