Value investor Joel Greenblatt (Trades, Portfolio) started to follow Benjamin Graham during his junior year at Wharton College. After he read an investment article written by Graham his entire life changed. “As soon as I read that article, I said, 'Ah, this makes sense to me,' and I started to read everything that he wrote, and I started to really look at the world through a different lens.” He then goes on to describe what he really learned from Graham was figuring out what a company was worth and then paying a lot less for it.
Greenblatt started a hedge fund, Gotham Capital, with $7 million in 1985. Below is a YouTube interview with Joel Greenblatt (Trades, Portfolio) and Howard Marks (Trades, Portfolio).
Greenblatt has most recently added 2,590,547 shares of Twenty-First Century Fox (FOXA, Financial), a 462.12% increase in his holdings, as well as 2,316,719 shares for Ingram Micro (IM, Financial) a 900.86% increase from what he was previously holding.
Twenty-First Century Fox is also traded in the U.K. and Australia.
Twenty-First Century Fox was incorporated in 1979. It is a media and entertainment company that operates cable network programming; Television, Filmed entertainment and other corporate and eliminations. Twenty-First Century Fox conducts its business throughout the world principally in the United States, the United Kingdom, Continental Europe, Asia and Latin America.
Twenty-First Century Fox has a market cap of $59.53 billion, a P/E ratio of 16.65, a P/S ratio of 2.84 and a dividend yield of 0.98.
Below is a Peter Lynch chart for Twenty-First Century Fox.
Ingram Micro is also traded in Mexico and Germany.
Ingram Micro was incorporated in 1979 in Delaware. The company is a wholesale technology distributor, by net sales, and a global leader in supply chain management and mobile device life cycle services. It distributes and markets technology and mobility products from companies, such as Acer (ACN, Financial), Apple (AAPL, Financial), Cisco (CSCO, Financial), Citrix (CTXS, Financial), Hewlett-Packard (HPQ, Financial), IBM (IBM, Financial), Lenovo (LNVGY, Financial), Microsoft (MSFT, Financial), Samsung, Symantec (SYMC, Financial), VMware (VMW) and many others.
As a vital link in the technology value chain, it creates sales and profitability opportunities for vendors, resellers and other customers through unique marketing programs, outsourced logistics and mobile device life cycle solutions, technical support, financial services, product aggregation and distribution, solutions creation and Cloud service models. The company has operations in 39 countries, spanning all global regions: North America (United States and Canada) and Europe (Austria, Belgium, Denmark, France, Finland, Germany, Hungary, Italy, the Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland and the United Kingdom).
Ingram Micro has a market cap of $4.63 billion, a P/E ratio of 24.95, a P/S ratio of 0.11 and a dividend yield of 0.66.
Below is a Peter Lynch chart for Ingram Micro
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With these two large additions to Greenblatt's portfolio it shows that he truly believes in them. “Figure out what it’s worth, pay a lot less and leave a large margin of safety” is this guru's philosophy when it comes to investing.
Cheers to your investment success.
