Acquirer’s Multiple Stocks Featuring In Watsa, Greenblatt, Simons Portfolios

0
Acquirer’s Multiple Stocks Featuring In Watsa, Greenblatt, Simons Portfolios

One of the new weekly additions here at The Acquirer’s Multiple features some of the top picks from our All Investable Stock Screener and some top investors that have added, or are holding these same picks in their portfolios. Investors such as Joel Greenblatt, Jim Simons, Prem Watsa, Jeremy Grantham, and Howard Marks.

Get The Timeless Reading eBook in PDF

Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

The top investor data is provided from the latest 13F’s over at WhaleWisdom (dated 2017-09-30). This week we’ll take a look at the #2 pick in our All Investable Stock Screener:

Li Lu On Understanding Competitive Advantage In 2021

Bruce GreenwaldOn April 9th 2021, Bruce Greenwald, the founding director of the Heilbrunn Center for Graham and Dodd Investing at Columbia Business School, sat down for a Fireside Chat with Li Lu, the founder and chairman of Himalaya Capital as part of the 13th Columbia China Business Conference. Q1 2021 hedge fund letters, conferences and more Read More


Argan Inc (NYSE:AGX)

A quick look at the price chart for Argan Inc shows us that the stock is down 35% in the past twelve months. We currently have the stock trading at an Acquirer’s Multiple of 1.75.

Acquirer's Multiple Stocks

Source: Google Finance

New Positions

Top investors who took new positions in Argan Inc in the latest reported quarter include:

Prem Watsa – Fairfax Financial Holdings – 61,000 shares

Chuck Royce – Royce & Associates – 183 shares

Added To Their Positions

Top investors who added to their positions in Argan Inc in the latest reported quarter include:

Cliss Asness – AQR Capital Management – 211,044 shares

Scott Black – Delphi Management Inc – 14,894 shares

Currently Holding

Other top investors who currently hold positions in Argan Inc in the latest reported quarter include:

Jim Simons – Renaissance Technologies – 1,280,100 shares

Joel Greenblatt – Gotham Asset Management – 152,269 shares

Ken Griffin – Citadel Investment Group – 10,270 shares

Paul Tudor Jones – Tudor Investment Corp – 3,894 shares

John Hussman – Hussman Strategic Advisors – 4,000 shares

For more articles like this, check out our recent articles here.

The post "Acquirer’s Multiple Stocks Featuring In Watsa, Greenblatt, Simons Portfolios" appeared first on The Acquirer's Multiple.

Previous article Growth In China Peaking As country Grapples With Internal Issues
Next article Lawmakers Question Success Of Secret SpaceX Zuma Mission
The Acquirer’s Multiple® is the valuation ratio used to find attractive takeover candidates. It examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization. The Acquirer’s Multiple® is calculated as follows: Enterprise Value / Operating Earnings* It is based on the investment strategy described in the book Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations, written by Tobias Carlisle, founder of acquirersmultiple.com. The Acquirer’s Multiple® differs from The Magic Formula® Earnings Yield because The Acquirer’s Multiple® uses operating earnings in place of EBIT. Operating earnings is constructed from the top of the income statement down, where EBIT is constructed from the bottom up. Calculating operating earnings from the top down standardizes the metric, making a comparison across companies, industries and sectors possible, and, by excluding special items–earnings that a company does not expect to recur in future years–ensures that these earnings are related only to operations. Similarly, The Acquirer’s Multiple® differs from the ordinary enterprise multiple because it uses operating earnings in place of EBITDA, which is also constructed from the bottom up. Tobias Carlisle is also the Chief Investment Officer of Carbon Beach Asset Management LLC. He's best known as the author of the well regarded Deep Value website Greenbackd, the book Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014, Wiley Finance), and Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012, Wiley Finance). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Articles written for Seeking Alpha are provided by the team of analysts at acquirersmultiple.com, home of The Acquirer's Multiple Deep Value Stock Screener. All metrics use trailing twelve month or most recent quarter data. * The screener uses the CRSP/Compustat merged database “OIADP” line item defined as “Operating Income After Depreciation.”

No posts to display