John Reese, editor of Validea, assesses stocks based on the known investing criteria of many of the ...
10 Top Value Ideas
09/23/2013 9:00 am EST
Each fall, some 500 institutional investors convene in New York for the Value Investing Congress; Ian Wyatt covered the event for his Daily Profit newsletter and highlights some favorite value investing ideas.
As the name suggests, the Value Investing Congress is focused on value investments. The conference attracts a wide variety of presenters, each of who have a slightly unique twist on the value investing principles of David Dodd, Benjamin Graham, and Warren Buffett.
Fund manager John Mirshekari, of the Fidelity Low-Priced Stock Fund, recommended shares of URS (URS), an engineering and construction contractor.
The company appears to be ending its acquisition spree, and is considering an aggressive share buyback to deliver shareholder value. He thinks the $53 stock could rise to $98 by 2015.
Alexander Roepers, of Atlantic Investment Management, has returned 19.2% annually to his clients for the last 21 years—an enviable track record. He recommends Baker Hughes (BHI) and Harman International (HAR), with 25% to 50% share price upside potential.
Clifton Robbins, of Blue Harbour Group.—the former Kohlberg Kravis Roberts partner—takes a private equity approach to publicly traded stocks, thinking of each investment as a private business.
His top idea was Chico's (CHS). He likes that the women's retailer operates small stores, has four growing divisions, and generates superior sales per store than its peers. His firm owns 6% of the stock, and thinks that shares of the company with a $2.7 billion market cap could rise 40% to 80%.
Meanwhile, Mark Boyar, of The Boyar Value Fund, recommends another household name: Madison Square Garden (MSG). He thinks the Dolan family could take the company private.
With a variety of assets, including the world's most famous arena, The New York Knicks, The New York Rangers, and TV networks, he sees this as an attractive value.
For energy investors, Harvey Sawikin, of Firebird Management, offered up a compelling presentation on Gazprom Neft (GZPFY). The highly efficient and profitable company trades at just four times earnings and offers a 7% yield.
And the final presentation of the day didn't disappoint either. Two managers of a little known Nashville hedge fund shared two powerful investment ideas for compounding your wealth.
He's developed a reputation for picking winners, and the attendees started buying his recommendations as soon as the market opened. But if these stocks perform like his previous recommendations, these gains are just the start.
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