Bill Miller: We are bullish on the out of favor asset class: US equities
Bill Miller thinks the decline of stocks this year is because of oil prices :”Stocks have struggled in the first four months of this year, as they did for most of last year. This year, as last, it’s all about oil.?He said in his first quarter commentary ?
Saturday, April 30, 2005
Tuesday, April 26, 2005
Robert Olstein: we're fully invested
Robert Olstein: we're fully invested
Robert Olstein said he is fully invested for the first time in a long time. Formerly an accountant, Robert Olstein is famously for looking behind the numbers. He said that the most critical thing in researching companies is comparing free cash flow to the reported earnings. Eventually, these numbers all need to match up and resolve, or they've got some accounting issues. Currently he is wrong on one out of every three stocks he buys. He likes Tribune, Pier 1, Gap, and he just bought Cisco…
Robert Olstein said he is fully invested for the first time in a long time. Formerly an accountant, Robert Olstein is famously for looking behind the numbers. He said that the most critical thing in researching companies is comparing free cash flow to the reported earnings. Eventually, these numbers all need to match up and resolve, or they've got some accounting issues. Currently he is wrong on one out of every three stocks he buys. He likes Tribune, Pier 1, Gap, and he just bought Cisco…
Thursday, April 21, 2005
Buffett invests in Anheuser-Busch
Shares of Anheuser-Busch jumped $2.97, or 6.6%, to $48.07 after the maker of Budweiser and other beer brands said Thursday that it had recently learned of Berkshire's move. Berkshire Hathaway (BRKA: news, chart, profile) (BRKB: news, chart, profile) , controlled for more than 40 years by closely watched investor Warren Buffett, has seen its net worth jump from $19 per share to $55,824 a share at the end of 2004.
Wallace Weitz: Opportunities these days involve “growth stocks” that report disappointing earnings.
Wallace Weitz: Opportunities these days involve “growth stocks” that report disappointing earnings
Wallace Weitz is having trouble finding great bargains. The new stocks that he has added to the portfolios tend to be companies with good underlying business characteristics that have stumbled for some company- or industry-specific reason. It can be difficult to figure out how significant and how temporary the negative factor is—this is art, not science. Many of the opportunities which present themselves these days involve “growth stocks” that report disappointing quarterly earnings news. If he can believe that a problem is temporary or that a stock is now under-valued despite an on-going problem, we will buy. He likes FRE, FNM, Cardinal Health, etc.
Wallace Weitz is having trouble finding great bargains. The new stocks that he has added to the portfolios tend to be companies with good underlying business characteristics that have stumbled for some company- or industry-specific reason. It can be difficult to figure out how significant and how temporary the negative factor is—this is art, not science. Many of the opportunities which present themselves these days involve “growth stocks” that report disappointing quarterly earnings news. If he can believe that a problem is temporary or that a stock is now under-valued despite an on-going problem, we will buy. He likes FRE, FNM, Cardinal Health, etc.
Friday, April 15, 2005
Message Board: Discussion of Guru Stock Picks and Commentaries -- GuruFocus.com
Ronald Muhlenkamp: Fair is Fair
Ronald Muhlenkamp: Fair is Fair
Everything is fair for Ron Muhlenkamp right now: The economy continues to expand. Inflation remains under control at about 2%. The Fed continues to raise short-term interest rates toward the 3%+ range, the long-term treasury rates (the 30-year) are just below the 5% range. Stocks are priced to return 8%-9%…
Ronald Muhlenkamp: Fair is Fair
Everything is fair for Ron Muhlenkamp right now: The economy continues to expand. Inflation remains under control at about 2%. The Fed continues to raise short-term interest rates toward the 3%+ range, the long-term treasury rates (the 30-year) are just below the 5% range. Stocks are priced to return 8%-9%…
Wednesday, April 13, 2005
Bill Nygren: The opportunities are in identifying the best businesses
Bill Nygren: The opportunities are in identifying the best businesses
In his letter to shareholders released today, Bill Nygren wrote that over the past five years most stocks that were undervalued have increased significantly while the stocks that were overvalued have significantly declined. The range of P/E's has narrowed so much that he believes the better values today are generally the superior businesses where the market isn't demanding significant P/E premiums. The opportunity in 2000 was to identify the best prices; today, he thinks more of the opportunities are in identifying the best businesses. The market is now much more reasonably priced, its P/E is about two-thirds of its 2000 level. He did not comment what he bought or sold this time…
In his letter to shareholders released today, Bill Nygren wrote that over the past five years most stocks that were undervalued have increased significantly while the stocks that were overvalued have significantly declined. The range of P/E's has narrowed so much that he believes the better values today are generally the superior businesses where the market isn't demanding significant P/E premiums. The opportunity in 2000 was to identify the best prices; today, he thinks more of the opportunities are in identifying the best businesses. The market is now much more reasonably priced, its P/E is about two-thirds of its 2000 level. He did not comment what he bought or sold this time…
Monday, April 11, 2005
Robert Olstein (Buys Sells): We like to buy bad news
Robert Olstein (Buys Sells): We like to buy bad news
Robert Olstein, whose Financial Alert Fund outperformed the Standard & Poor's 500 Index in eight of the past nine years, said he tries to avoid money-losing investments by buying stocks that have already collapsed. “We like to buy bad news because it produces the right price. We look first at how much we can lose before we think of the upside.” His research is based on microscopic study of financial reports. He does not talk to management, he said it is a waste of time…
Robert Olstein, whose Financial Alert Fund outperformed the Standard & Poor's 500 Index in eight of the past nine years, said he tries to avoid money-losing investments by buying stocks that have already collapsed. “We like to buy bad news because it produces the right price. We look first at how much we can lose before we think of the upside.” His research is based on microscopic study of financial reports. He does not talk to management, he said it is a waste of time…
Friday, February 18, 2005
George Soros Stocks buys and sells
We have updated the stock buys and sells of George Soros. He sold a lot of oil stocks and bought the beaten down drug companies and tech stocks.
see:
http://www.gurufocus.com/ListGuru.php?GuruName=George%20Soros
Monday, February 14, 2005
Warren Buffett buys and sells
Warren Buffett add one new stock in the last quarter: Dean Foods. Although he added his position in Comcast and GAP. He dumped HCA completely, reduced Iron Mountain and Nike.
Wednesday, February 09, 2005
Stock Picks, Market Insight of Warren Buffett Gurus
GuruFocus.com -- Stock Picks and Market Insight of Warren Buffett Gurus
The insight and stock picks of the most ourstanding investors such as Warren Buffett, Bill Nygren, Wallace Weitz and more.
Why Research stocks from the very beginning by yourself? Let investment gurus do most of the homework! GuruFocus has identified the best investors in the world, and tracks the stock picks of these investment gurus. The gurus that GuruFocus.com tracks include Warren Buffett, Bill Nygren, Mason Hawkins, Ken Fisher, David Dreman, Martin Whitman, James Gipson, Robert Rodriguez, Ronald Muhlenkamp, Wallace Weitz, William, Ruane, and Edward Owens.
The insight and stock picks of the most ourstanding investors such as Warren Buffett, Bill Nygren, Wallace Weitz and more.
Why Research stocks from the very beginning by yourself? Let investment gurus do most of the homework! GuruFocus has identified the best investors in the world, and tracks the stock picks of these investment gurus. The gurus that GuruFocus.com tracks include Warren Buffett, Bill Nygren, Mason Hawkins, Ken Fisher, David Dreman, Martin Whitman, James Gipson, Robert Rodriguez, Ronald Muhlenkamp, Wallace Weitz, William, Ruane, and Edward Owens.
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