Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Billionaire Michael Price’s Cheap Stock Picks Include Pfizer Inc. (PFE)

Page 1 of 2

We track quarterly 13F filings from hundreds of hedge funds and other notable investors as part of our work researching investment strategies; we have found, for example, that the most popular small cap stocks among hedge funds outperform the S&P 500 by an average of 18 percentage points per year. We also like to screen filings from individual funds according to a number of criteria, including low earnings multiples. By looking for these “cheap” stocks, we can help investors identify targets for further research which may be good value stocks. Read on for our quick take on the five largest holdings in billionaire Michael Price’s MFP Investors’ portfolio as of the end of March with both trailing and forward P/Es of 13 or lower (or see the full list of Price’s stock picks).

Michael Price

The fund reported a position of 1.8 million shares in Intel Corporation (NASDAQ:INTC) in the filing. Intel Corporation (NASDAQ:INTC) is valued at 12 times earnings, whether we consider its trailing results or analyst consensus for 2014. If the company does manage to keep its earnings stable over the next year and a half, that would be an improvement on its recent growth rates: revenue slipped last quarter compared to the first quarter of 2012, pushing net income down by 25%. At current prices and dividend levels Intel’s annual yield is 3.7% so it is a potential income stock as well.

Price was one of the fund managers getting into Hess Corp. (NYSE:HES) between January and March, as the oil and gas company plans to spin out its non-upstream operations in order to become more focused on exploration and production activities. It currently trades at 11 times forward earnings estimates. That represents a premium to some larger oil and gas companies, but is certainly low in absolute terms and the breakup of Hess Corp. (NYSE:HES) does have some potential to create shareholder value as management becomes better able to focus on core operations.

MFP trimmed its stake in Symetra Financial Corporation (NYSE:SYA), a $2.2 billion market cap life insurance company, by 17% during the first quarter of the year but still closed March with 1.5 million shares in its portfolio. Symetra Financial Corporation (NYSE:SYA) is valued at a considerable discount to the book value of its equity (the P/B ratio is 0.6) and its earnings multiples are low as well. However, the company’s margins have been shrinking and as a result earnings declined by over 10% in its most recent quarter compared to the same period in the previous year despite higher sales.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!