) heads the New York investment adviser
(Trades, Portfolio) & Co. Inc., a deep value manager with a
strict bottom-up approach. The firm seeks out-of-favor companies
with the lowest price-to-tangible book value ratios and high
earnings potential in the next two to four years.
Smith bought four new stocks in the second quarter: Validus
Holdings Inc. (
), Seacor Holdings Inc. (
), News Corp (
) and Oplink Communications Inc. (
Validus Holdings Inc. (
Smith purchased 816,534 shares of Validus Holdings, for 0.58% of
the portfolio. The company's share price averaged $37 in the second
Validus Holdings Ltd. was incorporated under the laws of Bermuda on
Oct. 19, 2005. Validus Holdings Inc. has a market cap of $3.43
billion; its shares were traded at around $37.70 with a P/E ratio
of 6.50 and P/S ratio of 1.60. The dividend yield of Validus
Holdings Inc. stocks is 3.20%.
Seacor Holdings Inc. (
Smith bought 64,626 shares of Seacor Holdings Inc., for 0.1% of the
portfolio. The stock price averaged $83 in the quarter.
Seacor Holdings Inc. was incorporated in 1989 in Delaware. Seacor
Holdings Inc. has a market cap of $1.61 billion; its shares were
traded at around $81.02 with a P/E ratio of 25.10 and P/S ratio of
1.43. Seacor Holdings Inc. had an annual average earnings growth of
2.50% over the past 10 years.
News Corp (
Smith bought 300,000 shares of News Corp, for 0.098% of the
portfolio. The second quarter share price averaged $17.
News Corp is a diversified media and information services company
focused on creating and distributing authoritative and engaging
content to consumers. News Corp has a market cap of $9.74 billion;
its shares were traded at around $16.83 with and P/S ratio of 1.10.
Oplink Communications Inc. (
Smith bought 307,498 shares of Oplink Communications for 0.098% of
the portfolio. The share price averaged $17 in the second quarter.
Oplink Communications Inc. was incorporated in California in
September 1995 and was later reincorporated in Delaware in
September 2000. Oplink Communications Inc. has a market cap of
$357.500 million; its shares were traded at around $19.32 with a
P/E ratio of 50.60 and P/S ratio of 1.85.
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