Every quarter, many money managers have to disclose what they've bought and sold, via "13F" filings. Their latest moves can shine a bright light on smart stock picks.
Today, let's look at Joel Greenblatt's Gotham Asset Management. It's of great interest to many investors because Greenblatt is the author of the well-regarded and best-selling The Little Book That Beats the Market and because his system�of seeking out companies with high returns on capital and hefty earnings yields. His "Magic Formula" has many fans. As my colleague Morgan Housel has noted, "The simple formula absolutely destroys market averages over time. Greenblatt backs this up with considerable statistical evidence."
The company's reportable stock portfolio totaled $2.0 billion in value as of March 31, 2013.
Interesting developments
So what does Gotham's latest quarterly 13F filing tell us? Here are a few interesting details:
The biggest new holdings are Seagate Technology�and Warner Chilcott. Other new holdings of interest include Tellabs (NASDAQ: TLAB ) and Windstream (NASDAQ: WIN ) . Tellabs offers a satisfying dividend yield of 3.7%, but the networking equipment maker has been facing some headwinds, such as the death of its CEO and the recent departure of its CFO. Its performance has been spotty, besting estimates in its fourth quarter but disappointing them in the recent first quarter.
Top 5 Clean Energy Stocks To Watch For 2015: Plum Creek Timber Company Inc.(PCL)
Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The trust also focuses on mineral extraction and natural gas production, communication, and transportation. Plum Creek Timber Company was founded in 1989 and is based in Seattle, Washington.
Advisors' Opinion:- [By John Divine]
Plum Creek Timber (NYSE: PCL ) , which, like Weyerhaeuser, is also a REIT with a main focus on -- you guessed it -- timber products, fell 2.5% today. The uber-short-term performance of Plum Creek has also been dismal, with shares slumping more than 8% in the past five days alone. But just last week, shares reached a 52-week high, and why shouldn't they have? A recovery in the housing market is well under way; as the resurgence continues, companies such as Plum Creek Timber and Weyerhaeuser will be there to benefit.
- [By Matt DiLallo]
Rayonier believes that its forest resources business is seeing "the early stages of an improving housing market" with profits "being reflected in increasing sawlog demand and prices." The pricing power at both homebuilders and forest product companies is a key sign of recovery. It's a trend that's likely to continue when�Plum Creek Timber (NYSE: PCL ) �reports earnings later today. Investors have taken notice and appear to have already priced these�exceptions�into the stock, as its shares are already up more than 20% year to date.
- [By Matt DiLallo]
This has trickled all the way down to the performance of forestry companies. Timber REIT Plum Creek Timber (NYSE: PCL ) saw its first-quarter earnings nearly double. Its business performance improved across the board as its timber segment saw revenue grow 9.7%, while its manufacturing segment saw a 13% increase and finally its real estate business improved revenue by 22%. Looking ahead, the company expects higher demand for both lumber and structural panels, which will positively impact prices for the foreseeable future. To take advantage of this, last month it restarted operations at one of its sawmills, which had been idle since 2009.
- [By Ben Levisohn]
Shares of Rayonier have plunged 15% to $46.97 at 12.36 p.m., but its fall doesn’t seem to have damaged other timber companies. Weyerhaeuser (WY) has gained 3.7% to $31.43 after it reported a profit of 27 cents today, beating estimates of 21 cents. Plum Creek Timber (PCL) is little changed at $49.47 and Boise Cascade (BCC) has risen 1.1% to $27.83.
Hot Dividend Stocks For 2014: Hickory Tech Corporation (HTCO)
Hickory Tech Corporation provides integrated communications services to business and residential customers in the Midwest. The company operates in two segments, Business Sector and Telecom Sector. The Business Sector segment offers integrated data services, such as fiber, data and Internet, voice and voice over Internet protocol, managed and hosted, data center, equipment, and total care support services. This segment also distributes telecommunications and data processing equipment, as well as provides network and equipment monitoring, maintenance, and equipment consulting services; and offers fiber-based transport for regional and national telecommunications carriers, wireless carriers, and other providers. It serves businesses primarily in the upper Midwest. The Telecom Sector segment offers network access services; and broadband services, such as residential and business DSL access, high-speed Internet, digital TV, and business Ethernet services. It also provides local telephone, long distance, and calling features services; and directory assistance, operator service, and long distance private lines. In addition, this segment offers directory publishing, customer premise equipment sales, bill processing, and add/move/change services. It owns and operates approximately 900 mile fiber optic network and facilities in Minnesota. Hickory Tech Corporation was founded in 1898 and is headquartered in Mankato, Minnesota.
Advisors' Opinion:- [By Marc Bastow]
Hickory Tech (HTCO), a communications provider in several Midwest states, announced a 3% dividend increase to 15 cents per share, payable Dec. 5 to shareholders of record as of Nov. 15.
HTCO Dividend Yield: 5.5%
Hot Dividend Stocks For 2014: Northeast Utilities(NU)
Northeast Utilities, a public utility holding company, provides electric and natural gas energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. The company engages in the purchase, delivery, and sale of electricity; and owns and operates approximately 1,200 megawatts of primarily fossil-fueled electricity generation assets. As of December 31, 2010, it served approximately 1.2 million customers in 149 cities and towns in Connecticut; 497,000 retail customers in 211 cities and towns in New Hampshire; and 206,000 retail customers in 59 cities and towns in western Massachusetts. The company also operates a natural gas distribution system in Connecticut and serves approximately 206,000 customers in 71 cities and towns. It offers gas supply to commercial and industrial customers; and to residential customers for heating, hot water, and cooking needs, as well as provides gas transportation services t o commercial and industrial customers. In addition, the company offers electric transmission services. Northeast Utilities was founded in 1927 and is headquartered in Hartford, Connecticut.
Advisors' Opinion:- [By Richard Stavros]
Meanwhile, the companies that are projected to be spending more in 2015 than they are presently include The AES Corp (NYSE: AES), Ameren Corp (NYSE: AEE), American Electric Power Co Inc (NYSE: AEP), CMS Energy Corp (NYSE: CMS), and Northeast Utilities (NYSE: NU).
- [By David Dittman]
Utilities in regions with better-than-average growth will also do well on this front. Northeast Utilities (NYSE: NU), a recent addition to the UF Portfolio, has significant FERC regulated transmission investments in line that will support dividend growth for years.
- [By David Dittman]
Answer: Growth: Magna International, Ag Growth International Inc (TSX: AFN, OTC: AGGZF), NextEra Energy Inc (NYSE: NEE), Aqua America Inc (NYSE: WTR) and, at these levels, Chevron Corp (NYSE: CVX). I like Verizon too.
Income: Brookfield Renewable Energy, Northeast Utilities (NYSE: NU), Enterprise Products Partners LP (NYSE: EPD), Plains All American Pipeline Partners LP (NYSE: PAA), Pembina Pipeline. - [By David Dittman]
Northeast Utilities (NU) is New England's largest utility system, serving more than 1.7 million electricity customers in Connecticut, Massachusetts, and New Hampshire.
Hot Dividend Stocks For 2014: HCP Inc. (HCP)
HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry including sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing. The fund also invests in mezzanine loans and other debt instruments. It engages in acquisition, development, leasing, selling and managing of healthcare real estate and provides mortgage and other financing to healthcare providers. The fund benchmarks the performance of its portfolio against the S&P 500 Index, Berkshire Hathaway Index, and MSCI REIT Index. HCP, Inc. was formed in 1985 and is based in Long Beach, California with additional office in Nashville and San Francisco.
Advisors' Opinion:- [By Fredrik Arnold]
Results from David Fish's Dividend Champions Index compiled as of July 30, 2013 projecting price upside results one year hence showed HCP, Inc. (HCP), the healthcare properties real estate investment trust, posted a 9.45% upside to lead a pack of just four dogs this month.
- [By Brad Thomas]
REITs mentioned: (VTR), (OHI), (O), (DLR), (HCP), (HTA), (KIM), (FRT), (SPG), and (SKT).
Note: This article is intended to provide information to interested parties. As I have no knowledge of individual investor circumstances, goals, and/or portfolio concentration or diversification, readers are expected to complete their own due diligence before purchasing any stocks mentioned or recommended.
- [By Roberto Pedone]
You don't have to be an expert technical analyst to see what's going on in shares of health care REIT HCP (HCP). This stock is in stuck in a textbook downtrending channel. Fundamentally, there's a lot to like about this stock, but HCP is a good example of why it's never a good idea to chase yield; HCP may have a 5.29% annual dividend payout, but shares have lost more than that in the last month alone.
HCP's price channel has provided traders with a high-probability range for shares since the middle of the year. Despite the last four attempts at pushing through trendline resistance, shares have been swatted down on each attempt. And while HCP has been turning higher in the last few sessions, investors should look at trendline resistance at $42 with a lot of skepticism. That's probably the worst possible time to be a buyer.
Instead, it makes sense to sell near the trendline for a most efficient exit in HCP. Yes, trendlines do eventually break, but getting in now is a big mistake. After all "this time it's different" are probably the most expensive four words in the English language. As long as shares stay within that channel, sell the bounce.
Hot Dividend Stocks For 2014: TAL International Group Inc.(TAL)
TAL International Group, Inc. engages in the lease of intermodal containers and chassis. It operates in two segments, Equipment Leasing and Equipment Trading. The Equipment Leasing segment involves in the acquisition, lease, re-lease, and sale of various intermodal transportation equipment, such as dry freight containers, which are used for general cargo, including manufactured component parts, consumer staples, electronics, and apparel; refrigerated containers that are used for perishable items, such as fresh and frozen foods; and special containers, which are used for heavy and oversized cargo, such as marble slabs, building products, and machinery. It also leases chassis, which are used for the transportation of containers and tank containers that are used to transport bulk liquid products, such as chemicals, as well as finances port equipment, which includes container cranes, reach stackers, and other related equipment. The Equipment Trading segment purchases container s from shipping line customers and other sellers of containers, and resells these containers to container traders and users of containers for storage or one-way shipment. As of December 31, 2009, it had a fleet of 701,946 containers and chassis, including 31,137 containers under management for third parties, representing 1,139,523 twenty-foot equivalent units (TEU). The company was founded in 1963 and is headquartered in Purchase, New York.
Advisors' Opinion:- [By Seth Jayson]
Margins matter. The more TAL International Group (NYSE: TAL ) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders. Healthy margins often separate pretenders from the best stocks in the market. That's why we check up on margins at least once a quarter in this series. I'm looking for the absolute numbers, so I can compare them to current and potential competitors, and any trend that may tell me how strong TAL International Group's competitive position could be.
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