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Subsea 7 SA News and Headlines -

GuruFocus Articles Total 4
  • 1

Value fund invests in Bank of Ireland and offshore drilling

Earlier this week, the Third Avenue Value Fund (Trades, Portfolio) disclosed its portfolio updates for the fourth quarter of 2019. During the quarter, the fund established a new position in The Drilling Company of 1972 A/S (OCSE:DRLCO) and sold out of its position in Transocean Ltd. (XSWX:RIGN). The most significant additions to existing positions were in Bank of Ireland Group PLC (LSE:BIRG) and Subsea 7 SA (OSL:SUBC), while the biggest reductions were Koninklijke Boskalis Westminster NV (XAMS:BOKA) and Buzzi Unicem SpA (MIL:BZU).

About Third Avenue

Third Avenue Management (Trades, Portfolio) was founded by legendary

458 Views    Margaret Moran    2020-01-08 22:40
Fund legendary investor Marty Whitman founded reports portfolio

The Third Avenue Value Fund (Trades, Portfolio), founded by legendary investor Marty Whitman, disclosed this week its top five buys for the third quarter were Bank of Ireland Group PLC (LSE:BIRG), Mohawk Industries Inc. (MHK), Borr Drilling Ltd. (OSL:BDRILL), Tidewater Inc. (TDW) and Subsea 7 SA (OSL:SUBC).

Portfolio managers Matthew Fine and Michael Fineman said in their second-quarter shareholder letter, Third Avenue Management (Trades, Portfolio) “arrives at investment decisions through a bottom-up fundamental analysis.” The fund seeks to invest in undervalued securities across industries, regions and market caps.


307 Views    James Li    2019-10-16 20:25
Fund guided by Martin Whitman's principles discloses portfolio update

The widely followed Third Avenue Value Fund (Trades, Portfolio) on Thursday announced its stock buys for the fourth quarter, revealing that the managers invested in three foreign-based companies out of their four new positions.

The fund was managed since its inception in 1990 by the legendary Martin Whitman, who passed leadership to others in 2012. Present-day portfolio managers Matthew Fine and Michael Fineman assumed responsibility on Sept. 19, 2017, with the goal to “revitalize the deep value philosophy” that defined Whitman’s approach. They encapsulated the elements of his style into four pillars:

“First, the issuers of

312 Views    Holly LaFon    2019-01-03 23:05
A closer look at one of the investment opportunities presented by HK

Horizon Kinetics is lead by Murray Stahl (Trades, Portfolio) and Steven Bregman. These are some of the gurus who had a profound impact on the way I think about investing. You won’t be surprised I’m following their quarterly reports eagerly!

They are currently on the bearish side among value investors I follow. They are holding quite a bit of cash across the various strategies they manage. In this first quarter 2018 quarterly letter, they are again tackling some of the problems associated with the indexation trend. In addition, they discuss some of their

154 Views    Bram de Haas    2018-04-20 15:24