Oct. 28, 2014, 7:34 AM| Comment!
Oct. 27, 2014, 5:30 PM
- ACI, AET, AGCO, AIXG, ALR, AME, AMTD, AN, AXE, BP, CAS, CIT, CMI, CNC, CNX, COH, CPLA, CRY, CVLT, CYNO, DD, DIN, ECL, ENTG, FCX, FDP, FLWS, FMER, GLPI, GLW, HCA, HMC, HOT, HRS, ICON, IIVI, IPGP, LH, MDSO, MLM, MMC, MSM, MSO, MWV, NBL, NCI, NVS, PCAR, PCG, PES, PFE, PH, POR, RDWR, SAIA, SAVE, SCHN, SCOR, SHW, SIRI, SNCR, ST, SYRG, TECH, TKR, TRW, TTS, TWI, UBS, UTHR, VDSI, VRTS, VSH, WAB, WHR, XYL
Aug. 23, 2014, 7:58 AM
- Joel Greenblatt made investors fortunes at his hedge fund 30 years ago by holding a highly concentrated basket - six to eight names - of deep-value stocks, but his approach today is somewhat different: Buy more than 300 high-quality stocks trading at cheap prices and short more than 300 expensive, lower-quality names. Stocks are weighted in the portfolio depending on where they rank along that spectrum.
- Greenblatt: "[My partner] and I would wake up some days and lose 15% or 20% of our net worth ... now it's more like 15 or 20 basis points."
- The strategy is also available in a trio of mutual funds Greenblatt's Gotham Asset Management offers, and they now account for more than half of Gotham's $7B in AUM.
- A top position last year remaining a large holding after a big run higher is Apple, thanks to "huge returns on capital" and 11% earnings yield. As for Apple's future, Greenblatt will leave that for others to debate: "I don't own just Apple. I own a bucket of companies like Apple, and over time, I know my bucket is going to work."
- Top 5 long holdings now: ENR, SAFM, BG, AXE, CAT.
- Top 5 short holdings now: SUSS, THC, BOBE, KMT, TMO.
Jul. 29, 2014, 7:33 AM| Comment!
Jul. 28, 2014, 5:30 PM
- ACI, AET, AGCO, AIXG, AKS, ALLY, AMAG, AMG, ARW, AUDC, AVX, AXE, BP, CARB, CAS, CNX, CPLA, CRS, CVLT, CYNO, DIN, DSX, ECL, ENTG, ETN, ETR, FDP, FIS, FSS, GLT, GLW, GNC, GTI, HCA, HMC, HRS, HW, ICON, IP, IPGP, ITW, KLIC, LVLT, MDC, MDSO, MDXG, MHFI, MLM, MMC, MRK, MSO, NCI, NEE, NLSN, NMM, NOV, NYT, OSK, PCAR, PFE, POR, RAI, RYN, SAVE, SIRI, SNCR, ST, TLM, TRW, UAM, UBS, UBSI, UDR, UPS, UTHR, VSH, WDR, WM, WYNN, XYL, YNDX
Apr. 29, 2014, 7:34 AM| Comment!
Apr. 28, 2014, 5:30 PM
- ABB, AGCO, AIXG, ALR, AMG, ARRY, AXE, BMY, BP, BSX, CARB, CCJ, CHKP, CIT, CMI, CNX, COH, CPLA, CRY, DBD, DDD, DORM, ESV, ETN, FDP, FLWS, FRX, GAS, GEO, GLT, GT, GTLS, HCA, HCBK, HRS, HUN, HW, IPGP, IRWD, KLIC, LG, LKQ, LRN, LYB, MGI, MGLN, MGM, MHFI, MLM, MRK, NMM, NOK, OSK, PCAR, PES, PH, POR, RESI, ROK, RTRX, RYN, S, SAVE, SCOR, SLAB, ST, TRW, UBSI, UDR, UTHR, VAC, VLO, WAT, WDR, WRLD, WWW, XYL.
Apr. 2, 2014, 5:38 PM
Apr. 1, 2014, 3:59 PM
- An effort to sell wiring parts maker Anixter International (AXE -5.1%) has stalled as potential buyers reject the company’s price expectations, Bloomberg reports.
- French electrical-equipment distributor Rexel (RXEEY), earlier considered one of the more likely buyers, apparently decided to pass, and P-E funds Advent and CVC Capital also chose not to bid.
- AXE reportedly was seeking offers of more than $115/share, while Rexel wasn’t willing to pay more than $110.
Feb. 20, 2014, 4:36 PM
- Sam Zell-backed Anixter International (AXE) is working with Goldman Sachs to find a buyer for the company, Bloomberg reports.
- French electrical equipment distributor Rexel is said to be one of the bidders; Carlyle Group and U.K. engineering firm Melrose Industries are among firms that supposedly have looked and passed.
- Shares popped 2% in late trading and are up another 1.7% AH.
Feb. 4, 2014, 7:32 AM| Comment!
Feb. 4, 2014, 12:05 AM
Feb. 3, 2014, 5:30 PM
Nov. 25, 2013, 6:41 PM| Comment!
Oct. 22, 2013, 7:39 AM
Jul. 23, 2013, 2:53 PMAnixter International (AXE -2.2%) slips after Q2 results miss estimates. Organic sales growth was negative for the quarter and operating income fell 4.6% Y/Y. Operating margin fell 30 bps Y/Y and was flat sequentially. CEO Bob Eck says H1 was "muted by the global macroeconomic climate" and while he believes conditions and trends are improving, he notes that the business environment "will be characterized by low growth." Management is "cautiously optimistic" about H2. (PR) | Comment!
AXE vs. ETF Alternatives
Anixter International Inc distributes communications & electrical wire, cable products and fasteners and other small parts. Its products include data, video, & security products used to connect personal computers, peripheral equipment &, among others.
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