Positions - Page 20

Buffett and Berkshire impress Mr. Market (BRK.A, BRK.B)

Warren Buffett published his annual letter to shareholders on Saturday. In his typical folksy manner, the Oracle from Omaha touched on such complex topics as performance measurement and capital management, the importance of workplace culture, succession planning at Berkshire Hathaway (BRK.A and BRK.B) and his plans for another major acquisition in the near term, saying: ... read more

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Positions Frank on 1 Mar 2011
Why I sold out of Netflix - J. Ward (NFLX)

John Warn manages Covestor's Precedent-Based portfolio, which combines fundamental analysis with technical indicators with the goal of minimizing risk. Once of John's largest positions going into last week (2/20 - 2/25/11) was Netflix (NFLX), but he liquidated the position throughout the week. We took the opportunity to ask John about his reasons for selling. His response: My ... read more

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Positions Frank on 28 Feb 2011
Priceline profits on increase in travel, but domestic growth down (PCLN)

Priceline.com Incorporated (PCLN), the online fixed and auction hotel reservation site, posted a 35% increase in revenues in its 2010 fourth quarter, with growth led by new markets such as Asia-Pacific and South America. From the company's press release: “The Group’s worldwide hotel business performed well for the 4th quarter and full year 2010,” said ... read more

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Positions Frank on 27 Feb 2011
Toll Brothers staging a turnaround in tough market (TOL)

Toll Brothers, Inc. (TOL) is a luxury home builder active in nineteen states. Given the state of the housing market, one would expect poor performance, but according to TOL's 1Q 2011 earnings release on 2/23/2011, the company has staged a comeback: The Company reported FY 2011 first quarter net income of $3.4 million, or $0.02 per ... read more

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Positions Frank on 27 Feb 2011
What Covestor managers are buying: Patterson-UTI Energy (PTEN)

For his Breakouts and Reversals portfolio, Covestor model manager Ronald Guerrini uses "a simple but robust approach which aims to outperform the S&P500 and NASDAQ 100 with lower volatility and shallower drawdowns." Ronald averages 22.5 trades a month, and this portfolio's current top holdings include Baxter International Inc. (BAX), Patterson-UTI Energy, Inc (PTEN) and Stanley ... read more

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Positions Frank on 24 Feb 2011
What Covestor managers are buying: Lihua International Inc. (LIWA)

For his Greater China portfolio, Covestor model manager James Hofmann seeks "to invest directly in China through equities ADRs, using a value-based strategy" combining "a top-down macro approach... with a bottom up equity valuation." Current top holdings in the model are Trina Solar Ltd (TSL), China Petroleum & Chemical Corp (SNP), and China Mobile Ltd ... read more

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Positions Frank on 23 Feb 2011
What Covestor managers are buying: ICICI Bank Ltd (IBN)

For his Opportunistic Arbitrage portfolio, Covestor model manager Mark Holder looks for small- to mid-cap companies involved in a major corporate transaction such as an IPO or spinoff, or simply operating in "beaten down sectors." Mark is a CPA educated at the University of Tulsa. He aims for a "well diversified group of 15 - ... read more

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Positions Frank on 23 Feb 2011
What Covestor managers are buying: Red Robin Gourmet Burgers (RRGB)

For his Small Cap portfolio, Covestor model manager Derek Pilecki looks for companies "with strong competitive advantages, attractive business models, and management teams that think like shareholders." Derek, portfolio manager at Tampa, Florida based Gator Capital, generally holds 30 stocks in this model. Current top holdings are Brigham Exploration (BEXP), Newcastle Investment Corp. (NCT), Fossil ... read more

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Positions Mick Weinstein on 23 Feb 2011
What Covestor managers are buying: Synaptics, Open Text, Power-One (SYNA, OTEX, PWER)

In his Small Cap Growth model, manager Michael Simon of Alpha Mark Advisors looks for "growth companies with sustainable business models, reliable cash flows and strong management." Performance of his model as of end of day 2/18/11: * See important disclosures Last week Simon made a number of interesting purchases for the model, among them: ... read more

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Positions Covestor Live on 22 Feb 2011
Dell buying AMD, the company with ‘no management team’? (DELL, AMD)

Tiernan Ray of Barron's Tech Trader Daily reported yesterday (2/14) the rumors that chipmaker AMD might be bought by Dell. Ian King at Bloomberg added this harsh quote from an analyst: “There is no management team there [at AMD],” said Patrick Wang, an analyst at Wedbush Securities in New York. There is some “chatter” that the ... read more

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Positions Mick Weinstein on 15 Feb 2011