Wednesday, February 4, 2015

New Guru David Abrams' 2 New Stocks and 1 Increase

David Abrams (Trades, Portfolio) of Boston-based Abrams Capital Management is a new guru. He formerly held a position at Seth Klarman (Trades, Portfolio)'s Baupost Group, and since founding his own fund in 1998, has returned about an annualized 15% for his clients. Abrams is a classic value investor who worked in merger arbitrage before his hedge fund days.With a value of $1.26 billion, Abrams' long portfolio holds just 13 stocks. Two positions were new in the first quarter: Microsoft Corp (MSFT) and Barnes & Noble (BKS).Microsoft (MSFT)Abrams purchased 3,420,000 shares of Microsoft in the first quarter, amounting to 11.1% of his portfolio. This makes it the third-largest position in his holdings, behind Western Union (WU) (22.5%) and AIG (AIG) (18.8%).1402518974621.pngMicrosoft's share price averaged $38 in the first quarter, and has moved up 9% since.Microsoft Corp was founded in 1975. It was incorporated in the State of Washington. Microsoft Corp has a market cap of $337.19 billion; its shares were traded at around $40.82 with a P/E ratio of 15.40 and P/S ratio of 4.10. The dividend yield of Microsoft Corp stocks is 2.60%. Microsoft Corp had an annual average earnings growth of 14.80% over the past 10 years. GuruFocus rated Microsoft Corp the business predictability rank of 3.5-star.Barnes & Noble (BKS)Abrams added 2,115,229 shares of Barnes and Noble in the first quarter, equal to 3.54% of the company's shares outstanding and making the company 3.5% of his portfolio.1402519442965.pngBarnes and Noble had a share price average of $17 per share in the first quarter, and has increased by 14% since.Barnes & Noble Inc. was incorporated in Delaware in 1986. Barnes & Noble Inc. has a market cap of $1.2 billion; its shares were traded at around $20.06 with and P/S ratio of 0.20.Increase – J.C. Penney (JCP)Abrams increased his slight position in J.C. Penn! ey by 50% in the first quarter, adding 500,000 shares at an average price of $7 to his stake started the previous quarter of 1 million shares purchased at an average price of $8. This holding represents 1% of his portfolio after the increase. The price has since moved up to around $8.68 on Wednesday.1402520049638.pngJ. C. Penney Company Inc. was incorporated in Delaware in 2002. J.C. Penney Co. Inc. has a market cap of $2.65 billion; its shares were traded at around $8.69 with a P/S ratio of 0.20.For more David Abrams (Trades, Portfolio) stocks, visit his portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!Also check out: David Abrams Undervalued Stocks David Abrams Top Growth Companies David Abrams High Yield stocks, and Stocks that David Abrams keeps buying

Currently 5.00/512345

Rating: 5.0/5 (2 votes)

Voters:
Email FeedsSubscribe via Email RSS FeedsSubscribe RSS Comments Please leave your comment:
More GuruFocus Links
Latest Guru Picks Value Strategies
Warren Buffett Portfolio Ben Graham Net-Net
Real Time Picks Buffett-Munger Screener
Aggregated Portfolio Undervalued Predictable
ETFs, Options Low P/S Companies
Insider Trends 10-Year Financials
52-Week Lows Interactive Charts
Model Portfolios DCF Calculator
RSS Feed Monthly Newsletters
The All-In-One Screener Portfolio Tracking Tool
iPhone App MORE GURUFOCUS LINKS
Latest Guru Picks Value Strategies
Warren Buffett Portfolio Ben Graham Net-Net
Real Time Picks Buffett-Munger Screener
Aggregated Portfolio Undervalued Predictable
ETFs, Options Low P/S Companies
Insider Trends 10-Year Financials
52-Week Lows Interactive Charts
Model Portfolios DCF Calculator
RSS Feed Monthly Newsletters
The All-In-One Screener Portfolio Tracking Tool
MSFT STOCK PRICE CHART 40.58 (1y: +18%) $(function(){var seriesOptions=[],yAxisOptions=[],name='MSFT',display='';Highcharts.setOptions({global:{useUTC:true}});var d=new Date();$current_day=d.getDay();if($current_day==5||$current_day==0||$current_day==6){day=4;}else{day=7;} seriesOptions[0]={id:name,animation:false,color:'#4572A7',lineWidth:1,name:name.toUpperCase()+' stock price',threshold:null,data:[[1371186000000,34.4],[1371445200000,35],[1371531600000,34.98],[1371618000000,34.59],[1371704400000,33.49],[1371790800000,33.265],[1372050000000,33.715],[1372136400000,33.67],[1372222800000,34.35],[1372309200000,34.62],[1372395600000,34.545],[1372654800000,34.36],[1372741200000,33.94],[1372827600000,34.01],[1373000400000,34.21],[1373259600000,34.325],[1373346000000,34.35],[1373432400000,34.7],[1373518800000,35.685],[1373605200000,35.67],[1373864400000,36.17],[1373950800000,36.27],[1374037200000,35.74],[1374123600000,35.44],[1374210000000,31.4],[1374469200000,32.01],[1374555600000,31.82],[1374642000000,31.96],[1374728400000,31.39],[1374814800000,31.62],[1375074000000,31.54],[1375160400000,31.85],[1375246800000,31.84],[1375333200000,31.67],[1375419600000,31.89],[1375678800000,31.7],[1375765200000,31.58],[1375851600000,32.063],[1375938000000,32.89],[1376024400000,32.7],[1376283600000,32.87],[1376370000000,32.23],[1376456400000,32.35],[1376542800000,31.79],[1376629200000,31.8],[1376888400000,31.393],[1376974800000,31.62],[1377061200000,31.61],[1377147600000,32.39],[1377234000000,34.75],[1377493200000,34.15],[1377579600000,33.26],[1377666000000,33.02],[1377752400000,33.55],[1377838800000,33.4],[1378184400000,31.88],[1378270800000,31.195],[1378357200000,31.235],[1378443600000,31.152],[1378702800000,31.655],[1378789200000,32.39],[1378875600000,32.74],[1378962000000,32.69],[1379048400000,33.03],[1379307600000,32.801],[1379394000000,32.93],[1379480400000,33.32],[1379566800000,33.64],[1379653200000,32.791],[1379912400000,32.74],[1379998800000,32.455],[1380085200000,32.505],[1380171600000,32.77],[1380258000000,33.27],[1380517200000,33.28],[1380603600000,33.58],[1380690000000,33.92],[1380776400000,33.86],[1380862800000,33.88],[1381122000000,33.3],[1381208400000,33.01],[1381294800000,33.07],[1381381200000,33.76],[1381467600000,34.13],[1381726800000,34.45],[1381813200000,34.49],[138189960000! 0,34.64],[1381986000000,34.92],[1382072400000,34.96],[1382331600000,34.99],[1382418000000,34.58],[1382504400000,33.76],[1382590800000,33.72],[1382677200000,35.73],[1382936400000,35.57],[1383022800000,35.52],[1383109200000,35.54],[1383195600000,35.405],[1383282000000,35.525],[1383544800000,35.94],[1383631200000,36.64],[1383717600000,38.18],[1383804000000,37.5],[1383890400000,37.78],[1384149600000,37.59],[1384236000000,37.36],[1384322400000,38.155],[1384408800000,38.021],[1384495200000,37.841],[1384754400000,37.2],[1384840800000,36.74],[1384927200000,37.08],[1385013600000,37.4],[1385100000000,37.57],[1385359200000,37.64],[1385445600000,37.35],[1385532000000,37.6],[1385704800000,38.13],[1385964000000,38.45],[1386050400000,38.31],[1386136800000,38.94],[1386223200000,38],[1386309600000,38.36],[1386568800000,38.705],[1386655200000,38.11],[1386741600000,37.61],[1386828000000,37.22],[1386914400000,36.69],[1387173600000,36.885],[1387260000000,36.52],[1387346400000,36.58],[1387432800000,36.25],[1387519200000,36.8],[1387778400000,36.62],[1387864800000,37.08],[1388037600000,37.44],[1388124000000,37.29],[1388383200000,37.29],[1388469600000,37.41],[1388642400000,37.16],[1388728800000,36.91],[1388988000000,36.13],[1389074400000,36.41],[1389160800000,35.76],[1389247200000,35.53],[1389333600000,36.04],[1389592800000,34.98],[1389679200000,35.78],[1389765600000,36.76],[1389852000000,36.89],[1389938400000,36.38],[1390284000000,36.17],[1390370400000,35.93],[1390456800000,36.055],[1390543200000,36.805],[1390802400000,36.03],[1390888800000,36.27],[1390975200000,36.66],[1391061600000,36.86],[1391148000000,37.84],[1391407200000,36.48],[1391493600000,36.35],[1391580000000,35.82],[1391666400000,36.18],[1391752800000,36.56],[1392012000000,36.8],[1392098400000,37.175],[139218480

No comments:

Post a Comment