Air France-KLM News and Headlines -

GuruFocus Articles Total 21
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Firm makes way for new holdings

Donald Smith & Co. (Trades, Portfolio) has released its portfolio for the third quarter. The firm, originally purchased and renamed by the late Donald Smith in 1983, has revealed major reductions in gold and top holdings, including Gold Fields Ltd. (GFI), Air France-KLM (AFLYY), Taylor Morrison Home Corp. (TMHC), Iamgold Corp. (IAG) and Atlas Air Worldwide Holdings Inc. (AAWW).

The firm takes a strict bottom-up approach to investing. It seeks to invest in stocks that are out of favor and are selling at discounts to tangible book value. Ideal companies for the firm are trading at very

211 Views    Graham Griffin    2020-11-06 22:03
Firm's largest sales of the 3rd quarter

Donald Smith & Co. sold shares of the following stocks during the third quarter of fiscal 2020, which ended on Sept. 30.

Gold Fields

The firm reduced its stake in Gold Fields Ltd. (GFI) by 55.62%. The trade had an impact of -4.34% on the portfolio.

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The gold miner has a market cap of $10.68 billion and an enterprise value of $12.18 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 9.32% and return on assets of 3.9% are outperforming 88% of

39 Views    Tiziano Frateschi    2020-11-06 16:53
Firm of late investor releases 2nd-quarter portfolio

Donald Smith & Co. released its second-quarter portfolio earlier this month.

Founded by the late Donald Smith (Trades, Portfolio) in 1980, the New York-based investment firm uses a deep-value, bottom-up approach to invest in out-of-favor stocks that are trading at a discount to tangible book value. According to the firm's website, the portfolio managers look for opportunities among companies that are in the bottom decile of price-tangible book ratios and have a positive earnings outlook over the next two to four years.

Based on these criteria, the firm added three new positions to the portfolio, divested of

352 Views    Sydnee Gatewood    2020-08-28 16:55
The firm's top new buys are in distressed gold and paper companies

Donald Smith & Co. recently announced its portfolio updates for the first quarter of 2020.

The firm, which was founded by Donald Smith (Trades, Portfolio) in 1980, specializes in out-of-favor stocks that are trading at a discount to their tangible book value. The portfolio managers look for stocks with good earnings expectations over the next two to four years and maintain concentrated funds in order to focus on their best ideas. After Smith passed away in late 2019, he was succeeded as CEO by Richard Greenberg, who is also the co-chief investment officer along with Jon Hartsel.

351 Views    Margaret Moran    2020-05-12 22:02
Buffett's largest airline holding posts record revenue thanks to domestic and international growth

Before the market opened on Jan. 14, Delta Air Lines Inc. (DAL) reported earnings for its fourth quarter of 2019, which ended on Dec. 31.

Delta is a major international airline headquartered in Atlanta. As of Jan. 14, it has a market cap of $39.99 billion. The airline posted revenue of $11.4 billion, an increase of 7% year over year after adjusting for its sale of DAL Global Services, a wholly-owned subsidiary that provides staffing services. Diluted earnings per share were $1.71, a 31% increase from the prior-year quarter. Analysts expected revenue of $11.35 billion and earnings per share of

145 Views    Margaret Moran    2020-01-14 23:06
Fund's top buys include French airline and 3 German companies

The Causeway International Value (Trades, Portfolio) Fund disclosed this week that it established five new positions during the third quarter: Siemens AG (XTER:SIE), Bayer AG (XTER:BAYN), Sinopharm Group Co. Ltd. (HKSE:01099), Air France-KLM (XPAR:AF) and Infineon Technologies AG (XTER:IFX).

The fund managers, which include Causeway co-founder Sarah Ketterer (Trades, Portfolio), seek long-term capital appreciation through a value-oriented, bottom-up stock selection. The fund said in its commentary section of its website that it outperformed the benchmark during November due primarily to stock selection.

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As of quarter-end, the fund’s $6.25

305 Views    James Li    2019-12-17 20:20
Guru invests in La Quinta spinoff

Donald Smith (Trades, Portfolio), leader of New York-based investment firm Donald Smith & Co., disclosed he established a stake in CorePoint Lodging Inc. (CPLG) on March 27.

Using a deep-value, bottom-up approach, the guru’s firm typically invests in out of favor stocks that are trading at a discount to tangible book value. The portfolio managers look for companies that are in the bottom docile of price-tangible book ratios and have a positive earnings outlook over the next two to four years.

According to GuruFocus Real-Time Picks, a Premium feature, Smith invested in 3.01 million shares of

249 Views    Sydnee Gatewood    2019-04-08 16:55
Guru reduces holding of semiconductor manufacturer by nearly 35%

Donald Smith (Trades, Portfolio), leader of Donald Smith & Co., disclosed that he trimmed his holdings of Photronics Inc. (PLAB) and Beazer Homes USA Inc. (BZH) on March 25.

Favoring unpopular companies trading at a discount to tangible book value, the guru’s New York-based firm picks stocks using a deep-value, bottom-up approach. It looks for companies that are in the bottom docile of price-tangible book ratios and have a positive earnings outlook for the next two to four years.

Photronics

According to GuruFocus Real-Time Picks, a Premium feature, Smith slashed his Photronics stake by 34.87%, selling

166 Views    Sydnee Gatewood    2019-03-27 17:26
Guru adds to holdings of these 7 companies

Donald Smith (Trades, Portfolio), the president and co-chief investment officer of Donald Smith & Co., bought shares of the following stocks in both the second and third quarters.

Air France-KLMÂ (AFLYY)

In the second quarter, the guru increased his position by 3.92% and added 13.96% in the third quarter.

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With a market cap of $4.54 billion, the company provides passenger and cargo air transportation services. Its revenue of $30.88 billion has fallen 4.50% over the last five years.

Smith is the largest

47 Views    Tiziano Frateschi    2018-11-15 20:16
The company seems to have the right plan to deliver an improved business model

Any company that is experiencing rising costs needs to have an impressive strategy to overcome them. Delta Air Lines Inc.’s (DAL) fuel and non-fuel costs have continued to grow in recent quarters, causing its near-term financial outlook to come under pressure.

The company, though, seems to have put a solid growth strategy in place. Changes such as increased capacity on highly demanded routes, greater access to the lucrative corporate market and an expansion into Asia could act as catalysts on its future performance. A renewed focus on customer service and replacement jets may also help it to perform well in

369 Views    Robert Stephens, CFA    2018-08-30 20:37
Guru establishes one position and increases holdings in three airlines

Donald Smith (Trades, Portfolio), chief investment officer of Donald Smith & Co., disclosed on Thursday that he established a position in Jefferies Financial Group Inc. (JEF) during the second quarter.

Managing a portfolio of 64 stocks, Smith invests in companies with a deep-value investing approach: the guru seeks out-of-favor companies “that sell in the bottom decile of price-to-tangible-book value” according to his firm’s website. The guru’s top five position boosts for the quarter were Unum Group (UNM), JetBlue Airways Corp. (JBLU), Gold Fields Ltd. (GFI), Air France-KLM (AFLYY)(XPAR:AF) and Avianca Holdings SA (AVH).

Jefferies

184 Views    James Li    2018-08-10 20:54
The fund's largest 3rd-quarter sales

As an investment management firm, Donald Smith (Trades, Portfolio) & Co. Inc. manages a portfolio composed of 70 stocks with a total value of $4.155 billion. During the third quarter the guru sold shares in the following stocks:

The guru’s holding of Toll Brothers Inc. (TOL) was reduced by 51.05% with an impact of -1.13% on the portfolio.

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The luxury homebuilder has a market cap of $7.29 billion and an enterprise value of $10.18 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return

215 Views    Tiziano Frateschi    2017-11-13 20:12
Working with the bottom 10% of the market, Smith uses price-to-tangible book value and potential earnings to sort out potential winners

“Stocks in the lowest price-to-tangible-book decile delivered the highest returns over the long term.” --Donald Smith

Donald Smith (Trades, Portfolio) brings a relatively unique perspective to value investing, dealing only with stocks in the bottom 10% based on price-to-tangible book values.

He and his firm serve only institutional clients, so we do not have a lot of details about his performance. A couple of clues lead us to believe he has done well for those clients, however.

Who is Smith?

According to Inside Philanthropy, Smith earned a Bachelor

683 Views    Robert Abbott    2017-11-02 22:02
The guru's largest 2nd-quarter sales

Guru Donald Smith (Trades, Portfolio) sold shares of the following stocks during the second quarter:

Smith's Micron Technology Inc. (MU) position was reduced by 3.14% with an impact of -0.32% on the portfolio.

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The company produces semiconductor systems, including dynamic RAM memory, flash memory and solid-state drives (SSD).

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity (ROE) of 19.02% and return on assets (ROA) of 8.62% are underperforming 78% of companies in the Global Semiconductor Memory industry. Financial strength has a rating

185 Views    Tiziano Frateschi    2017-09-05 19:38
Second-best carrier has some weak spots

Georgia-based Delta Air Lines (DAL) announced its first-quarter results early this month, reporting a 1% sales decline to $9.15 billion and an unimpressive 36% profit decline to $603 million  a 6.6% profit margin vs. 10.2% in the first quarter of 2016.

As observed, fuel regional carriers expense grew 45% to $242 million during the quarter, with overall operating expenses growing 5%, affecting Delta’s bottom line.

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“Despite fuel price pressures, the Delta people once again delivered solid results across the board with double-digit operating margins, strong improvements in customer satisfaction and progress on our

327 Views    Mark Yu    2017-04-24 14:29

Orders for new commercial aircraft had been falling even before 2008 but the financial crisis made matters worse before they improved in 2009. The stock price of Boeing Co. (BA) has risen by almost 400% since 2009, the year when both stock prices and new orders were in a slump. Curiously, the shapes of the graphs of new orders for Boeing in absolute numbers since 2006 and the company’s stock price from that year look almost identical.

The 787 factor

However, there have been a lot of production and delivery delays that have led to both deferrals and cancellations from

1088 Views    Business Reports    2015-04-03 16:00

Donald Smith (Trades, Portfolio) is the President and Chief Investment Officer at Donald Smith (Trades, Portfolio) & Co., a discipline-based value investing fund. The fund’s website boasts that that they are a “deep-value manager employing a strict bottom-up approach.” Donald Smith (Trades, Portfolio) & Co.’s investment team seeks out-of-favor companies that are valued in the bottom decile of price-to-tangible book value ratios.

The guru recently released his portfolio holdings for the quarter ended June 30, 2014. These holdings consisted of 75 stocks, with four being new buys from the

1784 Views    Monica Wolfe    2014-08-22 20:39

[url=http://www.gurufocus.com/StockBuy.php?GuruName=Donald+Smith]Donald Smith[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Donald+Smith]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Donald+Smith]Portfolio[/url]) is the President and Chief Investment Officer at [url=http://www.gurufocus.com/StockBuy.php?GuruName=Donald+Smith]Donald Smith[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Donald+Smith]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Donald+Smith]Portfolio[/url]) & Co., a discipline-based value investing fund. The fund’s website boasts that that they are a “deep-value manager employing a strict bottom-up approach.” [url=http://www.gurufocus.com/StockBuy.php?GuruName=Donald+Smith]Donald Smith[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Donald+Smith]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Donald+Smith]Portfolio[/url]) & Co.’s investment team seeks out-of-favor companies that are valued in the bottom decile of price-to-tangible book value ratios.

The guru recently released his portfolio holdings for the quarter ended March 31, 2014. These holdings consisted of 76 stocks, with two being new buys from the quarter, valued at $5.14 billion. The following five stocks are

1630 Views    Monica Wolfe    2014-06-17 22:06

Donald Smith (Trades, Portfolio) is the guru and CIO of Donald Smith (Trades, Portfolio) & Co., a registered investment adviser specializing in managing value equity accounts for tax-exempt and taxable funds, as well as high net worth individuals. The deep-value investing fund looks for out-of-favor stocks that are valued in the bottom decile of price-to-tangible book value ratios.

Over the past quarter Donald Smith (Trades, Portfolio) added three new stocks to his holdings bringing his total portfolio to 80 stocks valued at $5.017 billion.

Micron Technology (MU)

The guru’s largest

1543 Views    Monica Wolfe    2014-02-10 23:27
With its stock trading positively today, Delta Airlines has driven media to speculate over its potential takeover of England-based Virgin Atlantic Airways, by possibly buying some or all of Singapore Airlines’ (SINGF) 49 percent stake of the privately-owned company. The majority owner, Virgin founder Richard Branson, will keep his 51 percent seat, despite talks of ownership swapping. In his blog today, he posted “Rumors have been spread in the press that I am planning to give up control of Virgin Atlantic... this is wishful thinking and totally misguided.” Singapore Airlines paid about 600 million pounds for its Virgin stake in
520 Views    Dianne Tordillo    2012-12-10 23:35

Headlines Total 21
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