Veritiv Corp $ 19.62 0.04 (0.2%)
VRTV News and Headlines - Veritiv Corp
Investors who are looking for bargains may be interested in the following stocks, as their share prices are standing below the intrinsic value calculated by GuruFocus' free cash flow-based Discounted Cash Flow (DCF) calculator.
These stocks have also received optimistic recommendation ratings from sell-side analysts on Wall Street.
The first stock value investors may be interested in is Veritiv Corp (VRTV), an Atlanta, Georgia-based supplier of facility solutions, packaging, print and publishing products and other related services.
Veritiv Corp was trading at a price of $17.22 per share at close on Friday, which is lower than the
"For a value investor, price has to be the starting point. It has been demonstrated time and time again that no asset is so good that it can't become a bad investment if bought at too high a price. And there are few assets so bad that they can't be a good investment when bought cheap enough." -Howard Marks (Trades, Portfolio)
I feel the same way as Marks about Veritiv Corp. (VRTV), a busted initial pulic offering.
Veritiv is a North American
The Dow Jones Industrial Average closed at 27,492.63 on Tuesday with a gain of 30.52 points or 0.11%. The S&P 500 closed at 3,074.62 for a loss of 3.65 points or -0.12%. The Nasdaq Composite closed at 8,434.68 for a gain of 1.48 points or 0.02%. The VIX Volatility Index was higher at 13.08 for a gain of 0.25 points or 1.95%.
Tuesday’s market movers
Indexes continued gains Tuesday with news that U.S. and China trade negotiators were considering repealing some tariffs. The Dow Jones reported another record close.
On the earnings calendar, the following companies topped headlines:
As we update the portfolios of Gurus, we have found that for some stocks the gurus have high convictions so that they have kept adding to their positions. For renowned value investor Seth Klarman (Trades, Portfolio), he has added again to his positions in Allergan, Twenty-First Century Fox, McKesson, and Veritiv.
No. 1: Allergan PLC (AGN), Weightings: 7.43% - 4,950,000 Shares
Seth Klarman (Trades, Portfolio) owns 4,950,000 shares of Allergan PLC (AGN), valued as $825 million as of 2018-06-30, which accounts for 7.61% of his equity portfolio. This is an increase of 4.21% from
The GuruFocus All-in-One Screener can be used to find insider trades from the past week. Under the Insiders tab, change the settings for All Insider Buying to “$5,000,000+,” the duration to “March 2017” and All Insider Sales to “$5,000,000+.”
According to the above filters, the following are trades from company insiders this week.
Tronc Inc.Â (TRNC) director and 10% owner Patrick Soon-Shiong bought 2,950,000 shares for $14.87 per share on March 20. Since then, the stock price has dropped to $13.60.
Formerly Tribune Publishing Co., Tronc is a multimedia company operating publishing, digital and broadcasting businesses.
The company has
The All-in-One Screener can be used to find insider trades from the past week. Under the Insiders tab, change the settings for All Insider Buying to “$200,000+” and the duration to "November 2016" and All Insider Sales to “$5,000,000+”.
According to the above filters, the following are recent trades from company insiders in the past week.
Cormorant Asset Management, LL, 10% owner and director of Proteostasis Therapeutics Inc. (PTI), bought 361,863 shares for $11.40 per share on Nov. 23. Since then, the stock price has risen by 2.5% to $11.68.
The company has an institutional ownership of 51.64%
Donald Smith (Trades, Portfolio) is the chief investment officer of Donald SmithÂ & Co. He has $3.6 billion under management andÂ compounded annualized return has been 15.3%Â 30 years since inception. During the third quarter the guru’s largest trades were the following:
He raised his stake in Iamgold Corp. (IAG) by 279.64% with an impact of 2.59% on the portfolio.
It is a gold mining company that explores, develops and operates gold mining properties. It also operates the niobium mine. Third quarter net earnings were $17.0 million or 4 cents per share
Seth Klarman (Trades, Portfolio), the value-driven founder of the Baupost Group, purchased 2,249,601 shares of Veritiv Corp. (VRTV), according to GuruFocus Real Time Picks. His holding represents 14.06% of the company, a filing from July 31 showed.
Veritiv’s stock began trading on the New York Stock Exchange in June, and its price has declined by 2.35% since. The price closed at $39.92 the date Klarman reported buying the stock, which is off of its 52-week high of $51.
Veritiv’s stock price history:
Veritiv is a business-to-business distributor, aiding with packaging, printing
|2020-11-05 $ 19.51 (22.7%)|
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|2020-05-20 $ 9.88 (4.55%)|
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|2020-05-12 $ 9.92 (1.22%)|
|2020-05-06 $ 8.83 (2.2%)|
|2020-05-04 $ 8.95 (-1.76%)|
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|2020-03-23 $ 9.26 (11.57%)|
|2019-11-18 $ 17.63 (0.28%)|
Veritiv: A Klarman Stock That Is Dirt Cheap - GuruFocus.com
|2019-04-08 $ 27.57 (-2.23%)|
|2018-07-25 $ 37.05 (-4.63%)|
|2018-05-18 $ 32.85 (2.34%)|
Seth Klarman Buys 14% of Newly Formed Company Veritiv - GuruFocus.com