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5 Stocks George Soros Can't Get Enough Of Today
Mar. 11, 2011 8:53 AM ET | Includes: AAPL, CSCO, CVX, DAL, F, GM, HD, LMCA, LOW, ORCL, PBR, RIG, UAL, WMT
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Investing legend George Soros is known for actively managing his portfolio. At the time of writing, Soros Fund Management LLC has 837 positions. He initiated or added positions in all the stocks below during the last reporting period. Here are 14 of them along with some commentary on each.
Cisco (NASDAQ:CSCO) made $42.36 billion in revenues in the trailing 12 months ending in January 2011. This was an increase of 19.2% from the same period a year ago. For FY 2010 (August 2009 to July 2010), revenues grew by 10.86%. Net income rose by 24.8% to $7.57 billion, whereas in FY 2010, they increased by 26.6%. The return on invested capital was 12.56% versus 14.3% in FY 2010. The EBT margin was 21.19%, but 23.5% in FY 2010. Also, the profit margin was 62.4%, and 64% in FY 2010. The current ratio is 2.81 with a healthy debt to equity ratio of 0.27. The most recent EPS was $1.32, implying a P/E of 14.
The company forecast a Q3 EPS of $0.35 to $0.38 per share. So, the EPS would be $1.30 to $1.33 for the 12 months thru the end of Q3. That would still be an increase of 10.1% to 12.7%. The PEG ratio falls in the range of 1.10 to 1.38. Moreover, the 30 day put/call ratio is 0.5.
Recently, Cisco announced its intent to acquire privately held Pari Networks, a leading provider of network configuration and change management and compliance management solutions. The Company also completed the acquisition of privately held LineSider Technologies, a leading provider of network management software that helps customers build the network services necessary to securely create and deploy cloud computing infrastructure. In addition, Cisco and BMC Software forged a strategic alliance to develop and market new solutions for large-scale, multi-tenant cloud computing infrastructures.
Since the Q2 earnings announcement on February 9, CSCO share price is down 15.6%.
Oracle (NYSE:ORCL) made $31.99 billion in revenues and $6.77 billion in profits in the 12 months through November 2010. These were respective increases of 37.7% and a 16.7%, from the previous 12 months. Profit and EBT margins were 75.38% and 28.4%, respectively. For FY 2010 that ended in May, profit and EBT margins were 78.5% and 30.7%, respectively. ROIC was 14.46%, and 14.75% in FY 2010. The current ratio is 2.45 with a D/E of 0.43. The most recent EPS was $1.33 with a P/E of 24.7.
The company has yet to give guidance on earnings for Q3 2011, although analysts give estimates of $0.42 to $0.50 for EPS. This would project $1.53 to $1.61 in EPS through the end of Q3 2011. The equivalent figure through Q3 2010 was $1.11. The 30 day put/call ratio is 0.8.
Lowe’s Corporation (NYSE:LOW): Lowe’s we expect sales growth averaging 5% and a low single-digit increase in average store footage as Lowe’s emphasizes sales of branded goods. Lowe’s should also be able to keep administrative, selling and IT costs in check, consistent with its recent operating history. As a result, margins should gradually inch northward from last year’s 6.8%. Shares are worth more than $32 apiece with reasonable assumptions.
Apple (NASDAQ:AAPL) put up a ROIC of 36.8%, for the trailing 12 months ending in December 25, 2010, and also produced $76.28 billion in revenues. Profit and EBIT margins were 38.76% and 28.5%. ROE was 36.8%. Ending in September, profit margins in 2010, 2009, 2008, 2007, and 2006 were, 39.38%, 40.14%, 34.3%, 33.97%, and 28.98%.
The respective EBIT margins were 28.4%, 28.1%, 21.2%, 20.86%, and 14.59%. The current ratio is 1.85 with a D/E near zero. Apple shares trade under a P/E multiple of 19.1, given that the most recent annualized EPS is $17.93. EPS also grew 75.2% over the past 12 months. The 30 day put/call ratio is 0.7. Given the put/call ratio of below 1, most investors believe that AAPL is undervalued. The computer hardware sub-industry has an average profit margin of 7.57%, ROE of 30.1%, D/E of 0.42, and P/E of 16.5.
On Thursday, February 24, Intel introduced "Thunderbolt technology," a new high-speed PC connection technology. Running at 10Gbps, this permits the transfer of a full-length HD movie in less than 30 seconds. This was developed in technical collaboration with Apple, and is available first on Apple’s new line of MacBook Pro laptop computers. To learn how much we think Apple is worth per share, see our recent article.
Liberty Starz Group (LSTZA): This $3.4 billion dollar company operates in the video programming space and owns a number of premium cable channels, namely Starz, Encore, IndiePlex, MoviePlex and RetroPlex. And as of 9/30/2010, Klarman holds 1,000,000 shares, or 2.04% of shares outstanding and may be continuing his purchases. Notably, a number of other value investors, including Jean-Marie Eveillard and Third Avenue Management, are also shareholders.
Shares have appreciated relative to Klarman’s average buy prices (between $51.39 -$65.12), but the company will continued to benefit from growth in streaming video. LSTZA’s streaming rights contracts with Disney (NYSE:DIS), and Sony (NYSE:SNE) films cover production and new releases through 2015, and the outcome of a potentially lucrative licensing renewal contract between Starz and Netflix (NASDAQ:NFLX) is on the horizon in 2011. Our fair value estimate is $72 a share. Guru Seth Klarman is also a shareholder, as we wrote about here.
Source: 5 Stocks George Soros Can't Get Enough Of Today
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