With each issue of Daily Profit, I aim to deliver unique and profitable investment ideas or strategies that my team thinks could help your investment portfolio. And it’s rare that we step back and share lots of ideas from fellow investors.
But that’s exactly what I’m going to do today. That’s because I’m in New York City with my colleague Chris Preston for the 9th annual Value Investing Congress.
The Value Investing Congress is one of the premier investing events for value investors. Nearly 500 institutional investors – mostly hedge fund and mutual fund managers – convene in New York every fall to hear 25 investment presentations from some of the best and brightest investment minds.
As the name suggests, the Value Investing Congress is focused on value investments. The conference attracts a wide variety of presenters, each of who have a slightly unique twist on the value investing principles of David Dodd, Benjamin Graham and Warren Buffett
It’s been two years since I last attended this conference. After gathering numerous investment ideas in 2011 and sharing the best of these with my readers, I know that this conference is full of profitable ideas. That’s why I felt it was important for Wyatt Investment Research to attend the conference and share the best ideas of these ideas with you.
Yesterday started out with Canada’s Guy Gottfried of Rational Investment Group sharing two hidden gems. He’s developed a reputation for picking winners, and the attendees started buying his recommendations as soon as the market opened. By the end of the day, cell phone retailer Glentel (Toronto: GLN) was up 7.5% and envelope maker Supremex (Toronto: SXP) was up 17%. If these stocks perform like his previous recommendations, these gains are just the start.
While the conference includes primarily presentations from hedge fund managers, mutual fund manager John Mirshekari of the Fidelity Low-Priced Stock Fund (FLPSX) was invited to the event. His presentation titled Inflections in Incentives focused on how shareholder value can be unlocked when executives are appropriately incentivized.
He recommends shares of URS (NYSE: URS), an engineering and construction contractor. The company appears to be ending its acquisition spree, and is considering an aggressive share buyback to deliver shareholder value. He thinks the $53 stock could rise to $98 by 2015.
Meanwhile, Alexander Roepers of Atlantic Investment Management was ready to share five of his top ideas. While more ideas aren’t always better, Roepers has returned 19.2% annually to his clients for the last 21 years…an enviable track record. Roepers’ recommends shares of Baker Hughes (NYSE: BHI) and Harman International (NYSE: HAR), with 25 – 50% share price upside (details on all five of his latest recommendations can be read by clicking here).
Our morning session was wrapped up with Clifton Robbins of Blue Harbour Group. The former Kohlberg Kravis Roberts (KKR) partner takes a private equity approach to publicly traded stocks, thinking of each investment as a private business.
His top idea was Chico’s (NYSE: CHS). He likes that the women’s retailer operates small stores, has four growing divisions, and generates superior sales per store than its peers. His firm owns 6% of the stock, and thinks that shares of the company with a $2.7 billion market cap could rise 40 – 80%.
Meanwhile, Mark Boyar of The Boyar Value Fund (BOYAX) recommends another household name: Madison Square Garden (NYSE: MSG). He thinks the Dolan family could take the company private. With a variety of assets including the world’s most famous arena, The New York Knicks, The New York Rangers, and TV networks, he sees this as an attractive value.
For energy investors, Harvey Sawikin of Firebird Management offered up a compelling presentation titled A Russian, State-Owned Energy Company…and It’s a Buy! His recommendation is Gazprom Neft (OTC: GZPFY). The highly efficient and profitable company trades at just four-times earnings and offers a 7% yield.
And the final presentation of the day didn’t disappoint either. Two managers of a little known Nashville hedge fund shared two powerful investment ideas for compounding your wealth. Both of these stocks are overlooked, undervalued, and cash flow machines. The companies are Ascent Capital Group (Nasdaq: ASCMA) and Covanta Holdings (NYSE: CVA), and you can read my full notes on each by clicking here now.
Chris has done an amazing job writing real-time articles on each of the presentations from the conference. They’re all available – free of charge – on the Wyatt Investment Research web site by clicking here.
I’m thrilled that we’re at the Value Investing Congress and able to share some of these great investment ideas with our readers. We will of course be using this conference as the first step toward conducing thorough investment research into several new ideas. The best of these ideas may find themselves in the issues of my $100k Portfolio investment newsletter, where I’ll share all my thoughts and analysis.
In the mean time, I encourage you to visit WyattResearch.com throughout today to get our latest and real time updates on each new investment idea as it’s released.
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