Bayerische Motoren Werke AG News and Headlines -

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David Herro was interviewed on CNBC and expressed that he viewed European banks and industrials as deeply undervalued

David Herro (Trades, Portfolio), the chief investment officer for international equities at Harris Associates, appeared on CNBC on Aug. 12.

The fund manager won Morningstar's International Stock Fund Manager of the Year in 2006 and International Stock Fund Manager of the Decade for 2000-09.

In the recent interview, he talked about interesting industries that are deeply undervalued within Europe.

According to Herro, financials in Europe are priced at 60%-70% of book value. Those are similar valuation levels as seen in the great financial crisis. Meanwhile,

507 Views    Bram de Haas    2020-08-20 14:52
The company's stock is still soaring today even though registrations for its vehicles made in China plunged in July

Tesla Inc.'s (TSLA) stock is still soaring today even though registrations for its vehicles made in China plunged in July. It seems a price target increase from an analyst and a five-for-one stock split are boosting investor euphoria to the point that bad news from China doesn't even matter.

China registrations don't weigh on Tesla stock

Bloomberg reported on Monday that registrations of Tesla vehicles made in China plunged last month, but the stock wasn't even affected by that. Data from the state-backed China Automotive Information Net reveals a 24% month-over-month decline in registrations of Tesla vehicles made in

299 Views    Jacob Wolinsky    2020-08-18 19:38
Discussion of markets and holdings

The [url=]IVA International Fund[/url] ([url=]Trades[/url], [url=]Portfolio[/url]) Class A (NAV) ended the quarter on June 30, 2020 with a return of 9.90% versus the MSCI All Country World Index (ex-U.S.) (Net) (“Index”) return of 16.12% for the same period.

The start of the second quarter already saw the market beginning its upward climb after a brutal first quarter. The period between February 19th and March 23rd saw a rapid decline in markets, a sudden violent spike in unemployment and an economy which had entire sections shut down. Fear and uncertainty were rampant. Nevertheless, quarter two proved to be an excellent quarter

45 Views    Sydnee Gatewood    2020-07-30 21:33
Discussion of markets and holdings

The [url=]IVA International Fund[/url] ([url=]Trades[/url], [url=]Portfolio[/url]) Class A (NAV) ended the quarter on March 31, 2020 with a return of -23.00% versus the MSCI All Country World Index ex-U.S. (Net) (“Index”) return of -23.36% for the same period.

What a difference one quarter can make! After a strong 2019, markets continued their upward trend driven by further optimism and positive news. Unemployment was at record lows, a trade agreement was signed between the U.S. and China and by mid-February major market indices reached all-time highs. While it was clear that we were in the later stages of an economic cycle,

29 Views    Sydnee Gatewood    2020-04-23 20:04
Guru stock highlight

BMW AG (XTER:BMW) (“BMW”) – Today the entire market cap of BMW is less than the value of the net cash and financial assets in its automotive business (EUR 17 billion) plus the book value of its financial services business (EUR 15 billion). To suggest that is reasonable is to suggest that BMW’s entire auto business, arguably the best capitalized and one of the most welloperated auto companies in the world, which produced EUR 4.5 billion of operating profit in 2019, is currently worth less than zero. The company is presently valued at 0.63x tangible book value. On an

44 Views    Sydnee Gatewood    2020-04-09 18:05
Discussion of markets and holdings

Dear Shareholders,

We hope this letter finds you and your loved ones healthy and safe during the COVID-19 pandemic. As a society, we are adapting to challenging circumstances, the most important of which is the risk to human health. We are encouraged by humanity’s collective problem solving ability and ingenuity. The mobilization of our private sector to facilitate rapid solutions, in partnership with government agencies, is nothing short of incredible, as is our ability to rapidly rework distribution chains to get never before contemplated volumes of goods through a small subset of normal distribution channels. Governments and central banks in

90 Views    Sydnee Gatewood    2020-04-09 16:51
Discussion of markets and holdings

Fellow Shareholders,
In the wake of the impact of the coronavirus pandemic, I am disappointed to write that the Oakmark International Fund and Oakmark International Small Cap Fund have had extremely weak performance numbers in the first calendar quarter of 2020. Please see individual Fund letters for performance data. Despite this extreme downdraft in share prices, our team remains convinced that our Funds continue to offer value for long-term investors.

The Shock vs. Fundamentals
The resulting shock to share prices from the uncertainty surrounding the above-mentioned pandemic has meant that many of the businesses in which

73 Views    Sydnee Gatewood    2020-04-07 21:22
Guru stock highlight

When we first discussed the Fund’s investment in BMW AG (XTER:BMW) (“BMW”) in our March 2018 letter, our view was that the company’s stock was fully, if not more than fully, priced for an expected cyclical downturn in sales of BMW’s. We argued that BMW was “valued at levels reflecting an enormous amount of pessimism,” and that the luxury auto “industry is generally less competitive than mass-market, tends to produce higher operating profit margins and is historically less cyclical than mass market, a trait that is counter-intuitive to many people but real nonetheless.” Over the last couple of years, talk

63 Views    Sydnee Gatewood    2020-01-28 22:23
Spanish guru's top buys include LNG producer and German auto manufacturer

Francisco Garcia Parames (Trades, Portfolio), manager of Cobas Asset Management, disclosed last week that his top five buys for the third quarter were Golar LNG Ltd. (GLNG), Maire Tecnimont SpA (LTS:0QEP), CIR Compagnie Industriali Riunite SpA (MIL:CIR), Bayerische Motoren Werke AG (XTER:BMW3) and Danieli & C. Officine Meccaniche SpA (MIL:DANR).

Often dubbed the Spanish Warren Buffett (Trades, Portfolio), Parames applies key principles of value investing based on teachings from Benjamin Graham, Peter Lynch and the “Oracle of Omaha” within the Austrian business cycle framework. Parames, who spoke at our value conference earlier

329 Views    James Li    2019-11-11 19:34
Guru stock highlight

BMW AG (XTER:BMW) – Globally speaking, auto manufacturers have had a challenging couple of years. Many are caught in the midst of a trade war and most are grappling with the rising popularity of electric vehicles, which brings new competitors and the need to spend considerable sums on new technology. Many auto makers have even had to face substantial legal issues, most notably related to diesel emissions and all of that has occurred in an environment in which auto sales growth has slowed in China and the U.S., which are, respectively, the world’s first and second largest

31 Views    Holly LaFon    2019-08-15 19:37
Discussion of markets and holdings

Dear Shareholders,

For the three months ended June 30th, 2019, the [url=]Third Avenue Value Fund[/url] ([url=]Trades[/url], [url=]Portfolio[/url]) (the “Fund”) returned -2.04%, compared to the MSCI World Index, which returned 4.18%1. During the month of May, a deterioration in trade negotiations between the United States and China, followed by the threat of tariffs on virtually all goods imported into the United States from Mexico, led to a substantial change in sentiment surrounding the Fund’s industrial holdings, causing underperformance during the period.

The Fund has been intentionally out of step with broad market indices by focusing on smaller capitalization companies, by

86 Views    Holly LaFon    2019-08-14 19:42
Automaker BMW's stock had its strongest showing since August 2015

Shares of automaker BMW AG (XTER:BMW) rose 4.78% on Monday, hitting €75.66 a share in European trading, the largest rally since August 2015 for the company.

The company’s stock is rallying for several reasons, including the release of its November 2018 U.S. sales figures. The report showed that vehicle sales rose 1% compared to the same period last year, hitting 28,330 in November. The rise in sales marks the 13th straight quarter of sales increases.

The company’s Sports Activity Vehicles accounted for 56% of sales, led by sales of the BMW X5 and BMW X3. Electric vehicle

45 Views    Jacob Maslow    2018-12-04 15:43
Markets are reading more into the news than is justified

Auto stocks rallied virtually across the board on Monday, Oct. 29 on news that China’s National Development and Reform Commission, the country’s top macroeconomic policy management agency, had proposed a 50% cut in sales tax on automobile purchases. The proposal calls for a reduction in the prevailing sales tax of 10% down to 5%.

With the Chinese auto market flagging, the news was taken as a welcome sign by foreign stock markets, which sent auto stocks soaring.

Rejoicing across the industry

In the United States, top automakers Ford (F) and General Motors (GM) both shot up on the news. Since

69 Views    John Engle    2018-10-29 20:40
Electric vehicle manufacturer reports positive earnings surprise following 'go-private' saga

Tesla Inc. (TSLA), a major electric vehicle manufacturer, said the September quarter represented a “historic” quarter highlighted by strong Model 3 production and sales.

The Palo Alto, California-based company reported adjusted net income of $516 million, or $2.90 per share, outperforming the consensus estimate by approximately $3.10 per share.


Company accelerates Model 3 sales and gross margins during the quarter

Tesla CEO Elon Musk said automobile revenues of $6.098 billion increased 82% from that of the second quarter, driven primarily by a sharp increase in deliveries of its Model 3, “the best-selling car in the

355 Views    James Li    2018-10-24 22:10
Lundin Mining, CK Assets top the list

Martin Whitman's Third Avenue Value Fund (TAVFX) increased many holdings and established many several positions in the first quarter.

The guru acquired 4,751,597 shares in Lundin Mining Corp. (TSX:LUN), expanding the portfolio by 3.5%.

The investors acquired a new position in CK Asset Holdings Ltd. (HKSE:01113), buying 2,776,224 shares. The transaction had an impact of 2.25% on the portfolio.

The firm bought 3,464,714 shares in Henderson Land Development Co. Ltd, (HKSE:00012), which took 2.46% space in the portfolio.

The firm established a new position in Forest City Realty Trust Inc. Class A (

83 Views    Tiziano Frateschi    2018-04-09 15:02
Martin Whitman's firm announces portfolio

Value investors at [url=]Third Avenue Management[/url] ([url=]Trades[/url], [url=]Portfolio[/url]), a firm undergoing a number of changes, reported on Monday that it added seven stocks to its famed Third Avenue Value Fund in the first quarter.

Most of the first-quarter holdings trade on foreign exchanges, meaning they likely came to the portfolio as a result of its merger with the Third Avenue International Value Fund, announced March 19. Co-managed by Matthew Fine and Michael Fineman, the combination aimed to help “streamline its lineup of funds and strengthen its focus on deep-value investing” while reducing its expense ratio, according to a release.


333 Views    Holly LaFon    2018-04-03 21:24
The XT4 should give Cadillac a much needed sales boost

General Motors (GM) luxury brand Cadillac took the wraps off its compact crossover SUV, the all-new XT4 in New York. Cadillac’s new car is somewhat between a compact and a subcompact, which will be taking on the automaker’s German rivals. The luxury brand has been expanding its crossover lineup and the addition of XT4 is a crucial step for the company.

The XT4 will help General Motors build an effective lineup for Cadillac and revive the struggling sales in the U.S. market. The car’s entry will help Cadillac balance its sedan-focused lineup with crossovers and SUVs. This is important particularly

49 Views    Mayank Marwah    2018-03-29 15:26
The guru's largest sales of the 4th quarter

Fisher Investments is a fee-only investment company that serves institutional and private clients globally. Chief Executive Officer and Chief Investment Officer Ken Fisher (Trades, Portfolio) reduced his holdings in the following positions in the fourth quarter.

The Bank of America Corp. (BAC) position was reduced by 97.14%. The trade had an impact of -0.59% on the portfolio.


The bank has a market cap of $330.12 billion and an enterprise value of $431.91 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity

132 Views    Tiziano Frateschi    2018-01-26 21:15
Guru releases 3rd-quarter portfolio

International Value Advisers’ Charles de Vaulx (Trades, Portfolio) disclosed the IVA Worldwide Fund’s third-quarter portfolio this week, listing three new positions.

The fund invests in a range of securities from around the world to achieve long-term growth of capital. Managing a portfolio of 79 stocks, de Vaulx and his team invest largely in the financial services and industrials sectors.

The guru invested in WPP PLC (LSE:WPP), Astronics Corp. (ATRO) and First Resources Ltd. (SGX:EB5).


De Vaulx purchased 1.9 million shares of WPP for an average price of 15 pounds ($20.20) per share, giving it 0.87% portfolio

312 Views    Sydnee Gatewood    2017-12-01 19:10
This growing software company still looks attractive

As the holiday season begins and cooler air strolls into town, look out for some hidden “buys” that are not on everyone’s radar. One of these is Talend SA (TLND), the big data management company specializing in cloud storage and other integrated capabilities.

Let's take a look at this promising company and see if there is still an investment opportunity.

Company on the rise

Talend’s real sell is its sophisticated, new across-the-board data integration solution. Nicknamed it’s “Data Fabric,” this program offers full data integration regardless of the platform used.

Talend makes a strong case for itself on the numbers.

210 Views    John Engle    2017-11-20 17:48

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2020-06-18 $ 21.35 (-0.23%)
2020-06-08 $ 23.09 (3.36%)
2020-05-07 $ 17.75 (-1.88%)
2020-05-06 $ 18.09 (-4.89%)
2020-04-15 $ 17.72 (-5.94%)
2020-03-31 $ 17.1 (0.35%)
2020-01-23 $ 25.69 (-1.87%)
2020-01-04 $ 27.2 (-2.02%)
2019-09-05 $ 22.88 (1.82%)
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