Five Ideas Stolen From Five Money Managers
The post Five Ideas Stolen From Five Money Managers appeared on BitcoinEthereumNews.com. intrusion of a burglar in a house inhabited getty Theft sometime pays. It sounds much nicer to call it competition research. Once a year in this column, I take a look at the holdings of a few investment managers I respect. Choosing one stock from each of their holdings, I call the result the Purloined Portfolio. From Scott Black, the head of Delphi Management in Boston, I select Jabil, which provides contract manufacturing services to technology companies. Among its customers are Apple AAPL , Cisco Systems CSCO , Dell Technologies DELL and HP HPQ . In the past five years, Jabil has grown its sales by more than 14% a year, and earnings faster than sales. The company’s profit margin, traditionally slender, has been expanding. The stock sells for 22 times recent earnings and 14 times the earnings analysts predict for 2024. From Randall Eley, chief investment officer of Edgar Lomax Co. in Alexandria, Virginia, I choose FedEx. The big delivery company has increased its sales by an average of 10% a year the past decade, and earnings by almost 8% a year. In the past year, sales were down a smidge, but profits were up. The stock sells for 15 times earnings, while the ten-year median has been 21. Pandemic or no pandemic, I think the trend to online shopping will continue. That should keep FedEx and its rival United Parcel Service UPS Inc. (UPS) pleasantly busy. Chenierre Ken Heebner is chief investment officer at CGM Trust in Boston, and runs mutual funds, including the CGM Focus Fund. From his portfolio I draw Cheniere Energy (LNG), a leading builder of liquefied natural gas terminals. The U.S. is rich in gas, and is exporting increasing amounts. Chenierre was a pioneer in this business, and had to endure several years of…
The post Five Ideas Stolen From Five Money Managers appeared on BitcoinEthereumNews.com.
intrusion of a burglar in a house inhabited getty Theft sometime pays. It sounds much nicer to call it competition research. Once a year in this column, I take a look at the holdings of a few investment managers I respect. Choosing one stock from each of their holdings, I call the result the Purloined Portfolio. From Scott Black, the head of Delphi Management in Boston, I select Jabil, which provides contract manufacturing services to technology companies. Among its customers are Apple AAPL , Cisco Systems CSCO , Dell Technologies DELL and HP HPQ . In the past five years, Jabil has grown its sales by more than 14% a year, and earnings faster than sales. The company’s profit margin, traditionally slender, has been expanding. The stock sells for 22 times recent earnings and 14 times the earnings analysts predict for 2024. From Randall Eley, chief investment officer of Edgar Lomax Co. in Alexandria, Virginia, I choose FedEx. The big delivery company has increased its sales by an average of 10% a year the past decade, and earnings by almost 8% a year. In the past year, sales were down a smidge, but profits were up. The stock sells for 15 times earnings, while the ten-year median has been 21. Pandemic or no pandemic, I think the trend to online shopping will continue. That should keep FedEx and its rival United Parcel Service UPS Inc. (UPS) pleasantly busy. Chenierre Ken Heebner is chief investment officer at CGM Trust in Boston, and runs mutual funds, including the CGM Focus Fund. From his portfolio I draw Cheniere Energy (LNG), a leading builder of liquefied natural gas terminals. The U.S. is rich in gas, and is exporting increasing amounts. Chenierre was a pioneer in this business, and had to endure several years of…
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