Think You Had A Bad Week? Carlos Slim Lost $8B

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(List compiled by Becca Lipman)

Think you had a bad week? Stubbed your toe? Car broke down? Perhaps you've lost a chunk of your savings in the market. Well, you probably didn't lose $8 billon.

That unfortunate fate has befallen Carlos Slim, who lost the whopping amount in four days, according to Bloomberg.


Eight. Billion. Dollars. That's $8,000,000,000, with nines zeroes. But before you reach for the tissues in a bout of sympathetic grieving, take note, he still has $63 billion to fall back on.

Carlos Slim Helu, if you didn't already know, has held the honor of "richest person in the world" since 2010. He's a self-made Mexican billionaire and before this unfortunate market dive, his market value had peaked at an estimated $74 billion.

Slim's not so very selfish either, Forbes has him listed as one of theBiggest Givers of 2011: He donated $4 billion to his own Carlos Slim Foundation. In other words, half of what he's just lost.

According to Bloomberg, his portfolio dropped 11% since July 29th. In comparison, the S&P dropped 7.1% and the broader Mexican market fell 9%.

The majority of his investments are tied up in America Movil (AMX) and Telefonos de Mexico (TMX).

America Movil accounts for 62% of his net worth. The stock closed on Friday at $25.80 and currently rests around $23.50, representing a 8.68% decrease.

For some, the drop in the stock's value represents an opportunity to buy in at a discounted price. Leon Cabera, trader in Mexico City, said to Bloomberg in a recent interview:

"The drop in America Movil, which has fallen 21 percent this year as regulators seek to put a dent in its 70 percent share of Mexico’s mobile-phone market, is an opportunity for investors to buy stock in a solid company."

Telefono de Mexico may have been Slim's saving grace: The stock closed on Friday at $16.16/share and currently resides at $17.68/share (a 9.4% increase)

Additionally, "Inbursa, Slim’s financial-services firm, slid 8.7 percent this week, while Inmuebles Carso, a real estate firm, declined 11 percent, and Grupo Carso, a holding company with retail and construction units, fell 18 percent." 

Want a closer look inside his portfolio? Here are the top (publicly disclosed ) stock holdings  of Carlos Slim:

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1. America Movil S.A.B. de C.V. (AMX): Wireless Communications Industry. Market cap of $91.14B. Current price at $23.64. The stock is currently stuck in a downtrend, trading -7.61% below its SMA20, -7.12% below its SMA50, and -13.79% below its SMA200. It's been a rough couple of days for the stock, losing 9.99% over the last week.

American Movil is the leading provider of wireless communications services in Mexico. Through their subsidiary Radiomovil Dipsa, which operates under the trademark Telcel, they provide cellular telecommunications service in all nine regions in Mexico, with a network covering approximately 31.4% of the geographical area of Mexico, including all major cities, and approximately 89.6% of Mexico 's population.

2. Telefonos de Mexico, S.A.B. de C.V. (TMX): Long Distance Carriers Industry. Market cap of $15.88B. Current price at $17.72. The stock has had a couple of great days, gaining 9.92% over the last week.

Telmex is a world-class telecommunications company that provides total telecommunications solutions to its clients: Local and long distance wire service, wireless communications, multimedia network for video, audio and data, network engineering, digital wireless network access, and Internet. Based in Mexico City, Telmex is currently positioned as the regional market leader in Telecommunications, with a presence in Mexico, The United States, Puerto Rico, and Brazil.

3. Kraft Foods Inc. (KFT): Food Diversified Industry. Market cap of $59.38B. Current price at $34.97. The stock has gained 18.07% over the last year.

Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U.S. and the second largest in the world. They have a superior brand portfolio created and supported through dynamic product innovation, worldclass marketing, experienced management, global scale and strategic acquisitions. Consumers of all ages around the world enjoy their brands across the entire spectrum of food and beverage occasions: breakfast, lunch, dinner and snacks. Brands include Kraft, Nabisco, Oscar Mayer, Post, Maxwell House, Philadelphia, and Jacobs.

4. Altria Group Inc. (MO): Cigarettes Industry. Market cap of $53.36B. Current price at $25.94. The stock has gained 21.21% over the last year.

Altria Group is the parent company of Philip Morris USA, U.S. Smokeless Tobacco Company, John Middleton, Ste. Michelle Wine Estates and Philip Morris Capital Corporation. Their tobacco company brand portfolios consist of successful and well-known brand names such as Marlboro, Copenhagen, Skoal and Black & Mild.

5. Saks Incorporated (SKS): Department Stores Industry. Market cap of $1.55B. Current price at $9.48. This is a risky stock that is significantly more volatile than the overall market (beta = 2.63). The stock is a short squeeze candidate, with a short float at 24.29% (equivalent to 11.08 days of average volume). The stock is currently stuck in a downtrend, trading -12.76% below its SMA20, -12.97% below its SMA50, and -16.82% below its SMA200. It's been a rough couple of days for the stock, losing 11.5% over the last week.

Saks, Inc. is a national retailer currently operating stores throughout numerous states under the following names: Saks Fifth Avenue, Parisian, Proffitt's, McRae's, Younkers, Herberger's, Carson Pirie Scott), Bergner's, Boston Store, and Off 5th. The company's stores are principally anchor stores in leading regional or community malls, and the stores typically offer a broad selection of fashion apparel, shoes, accessories, jewelry, cosmetics, decorative home furnishings, and furniture in selected locations.

6. Telecom Italia SpA (TI): Diversified Communication Services Industry. Market cap of $21.44B. Current price at $12.6. Might be undervalued at current levels, with a PEG ratio at 0.88, and P/FCF ratio at 6.65. It's been a rough couple of days for the stock, losing 9.44% over the last week.

The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines (for final retail customers and wholesale providers), the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications (especially in Brazil), and the television sector using both analog and digital terrestrial technology. The Group also operates businesses in the office products sector.

7. The New York Times Company (NYT): Publishing Industry. Market cap of $1.11B. Current price at $7.72. The stock is a short squeeze candidate, with a short float at 13.81% (equivalent to 6.77 days of average volume). The stock is currently stuck in a downtrend, trading -10.66% below its SMA20, -7.49% below its SMA50, and -14.4% below its SMA200. It's been a rough couple of days for the stock, losing 12.47% over the last week.

New York Times Company is a diversified media company including newspapers, television and radio stations, magazines, electronic information and publishing, Internet businesses, and forest products investments. The Company currently classifies its businesses into the following segments: Newspapers, Broadcasting, Magazines, and Forest Product Investments and Other Joing Ventures.

8. Philip Morris International, Inc. (PM): Cigarettes Industry. Market cap of $119.86B. Current price at $69.49. It's been a rough couple of days for the stock, losing 6.84% over the last week.

Philip Morris International is the leading international tobacco company, with products sold in over 160 countries. They own 7 of the top 15 brands in the world and have a strong mix of international and local products that seek to appeal to a wide array of adult smokers.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: AMX , KFT , MO , NYT , PM , SKS , TI , TMX

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