Top fund manager Donald Yacktman says that he’s sticking with high-quality stocks. Yacktman tells CNBC that his biggest holdings include Pepsi, News Corp., and Proctor and Gamble. He also says he’d stay away from lower-quality stocks and cyclical firms. He thinks many cyclicals are selling at profit margins that may be unsustainable.
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Tag Archives: Donald Yacktman
Yacktman: Stocks Still Remarkably Attractive
February 6, 2012
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Top fund manager Donald Yacktman says that he can’t remember another time in his 40-plus-year career when he has “seen so many high-quality, profitable businesses selling at prices relative to the market this cheaply.” Yacktman tells WealthTrack’s Consuelo Mack that many stocks are trading at valuations similar to where they were in the late 2008 [...]
Read moreAn Unlikely Tech Stock Fan
November 11, 2011
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Donald Yacktman, who for more than a decade has posted one of the best track records of any mutual fund manager, is finding big value in an area he once shunned: tech stocks. “If someone had told me 10 years ago that these stocks would be in my portfolio, I would have laughed,” Yacktman, who [...]
Read moreYacktman: Big Blue Chips As Cheap As He’s Ever Seen
October 13, 2011
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Top fund manager Donald Yacktman says that in his 40-plus-year investment career, he has “never seen so many large, profitable businesses selling on a relative basis to other things as cheaply as they do today.” Yacktman recently told Bloomberg that PepsiCo and News Corp. are two of the most attractive large-caps he’s finding right now. [...]
Read moreWhy Bad News Can Be Good News
July 13, 2011
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Many investors run from a stock when it makes short-term negative headlines. But in this recent interview with Bloomberg about News Corp., one of his biggest holdings, top fund manager Donald Yacktman offers an interesting take on how a value investor like himself deals with short-term bad news. In the case of News Corp., for [...]
Read moreTop Managers Shun Bank Stocks
May 5, 2011
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While it’s now more than two-and-a-half years since the collapse of Lehman Brothers and the worst of the financial crisis, several top investors are still avoiding bank stocks. “We find it hard to believe the banks have cured all their bad asset problems, and they aren’t transparent enough for us to understand the risks,” Clyde [...]
Read moreYacktman Managers Talk Strategy, Mindset, and Value
April 6, 2011
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In an extensive interview with GuruFocus.com, Donald Yacktman, Stephen Yacktman, and Jason Subotky of the top-performing Yacktman Funds talk about their investment strategy, and where they’re finding value right now. “The most important decision is the purchase price relative to the value of the investment,” the managers say when asked what the most important indicator [...]
Read moreYacktman: Blue Chips Still Selling Near 18-Year Lows
March 29, 2011
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Even with the market up more than 90% off its 2009 lows, top fund manager Donald Yacktman says he’s still finding big values in big, blue-chip stocks. “I don’t think the opportunities are anywhere near what they were two years ago,” Yacktman tells Barron’s. “But what is staggering to me is high-quality companies still selling [...]
Read moreYacktman Still Finding Value
February 23, 2011
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While the market is up close to 100% over its March 2009 low, top value manager Donald Yacktman says he’s still finding bargains. “We have bought Apollo Group — a private universities company — and H&R Block, which does tax preparation work in the US,” Yacktman tells the Financial News. “While the market is a [...]
Read moreYacktman Sees Shift to Higher-Quality Stocks Coming
February 1, 2011
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In his fourth-quarter shareholder letter, top fund manager Donald Yacktman and his team say they expect the market to shift from stocks with “exciting” stories to those that have “stable, established value” sometime soon. The rally over the last four months of 2010 was driven by the Federal Reserve’s second quantitative easing plan, the Yacktman [...]
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