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Fairholme
By admin - Posted on November 10th, 2008
Tagged: Bruce Berkowitz of Fairholme Capital Management discusses what's next for the markets.
- 1 comment
Bruce Berkowitz of Fairholme Capital Management discusses what's next for the markets.
- 1 comment
By admin - Posted on July 18th, 2008
Tagged: Recent SEDAR filings show that Fairholme (lead by Bruce Berkowitz) has bought Clarke Inc.
Recent SEDAR filings show that Fairholme (lead by Bruce Berkowitz) has bought Clarke Inc.
By admin - Posted on July 6th, 2008
Tagged: Since the inception of the Fairholme Fund (FAIRX), right at the end of 1999, the fund has returned a cumulative 240%, through June 30, 2008. On an annualized basis, those are returns of 15.5% per year. The principal manager of the Fairholme Fund is Bruce Berkowitz.
Berkowitz likes to talk about how Fairholme tries to turn every business into the “corner grocery store.” I find it a simple, and useful, mental exercise to go through when analyzing the free cash flow of my companies.
Since the inception of the Fairholme Fund (FAIRX), right at the end of 1999, the fund has returned a cumulative 240%, through June 30, 2008. On an annualized basis, those are returns of 15.5% per year. The principal manager of the Fairholme Fund is Bruce Berkowitz.
Berkowitz likes to talk about how Fairholme tries to turn every business into the “corner grocery store.” I find it a simple, and useful, mental exercise to go through when analyzing the free cash flow of my companies.
By admin - Posted on June 9th, 2008
Tagged: Bruce Berkowitz of Fairholme Fund recently appeared on Consuelo Mack's WealthTrack where he recommended buying WellCare Health Plans, Inc. (WCG).
Bruce Berkowitz of Fairholme Fund recently appeared on Consuelo Mack's WealthTrack where he recommended buying WellCare Health Plans, Inc. (WCG).
By admin - Posted on March 17th, 2008
Tagged: Bruce Berkowitz, who oversees $6.7 billion in assets as president of Fairholme Funds, talks with Bloomberg's Matt Miller from Miami about his investment strategy, U.S. stock market volatility and holdings in WellCare Health Plans Inc. and Sears Holdings Corp. Bloomberg's Erik Schatzker also speaks.
Bruce Berkowitz, who oversees $6.7 billion in assets as president of Fairholme Funds, talks with Bloomberg's Matt Miller from Miami about his investment strategy, U.S. stock market volatility and holdings in WellCare Health Plans Inc. and Sears Holdings Corp. Bloomberg's Erik Schatzker also speaks.
By admin - Posted on March 3rd, 2008
Tagged: As manager of the $6.8 billion Fairholme fund, which he launched in 1997, Bruce Berkowitz is on the hunt for undervalued companies with strong managers and plenty of free cash. Rather than building a traditional, diversified portfolio, Miami-based Fairholme—named after a street Berkowitz once lived on—concentrates its resources on a limited number of positions, a strategy that has led to impressive returns. Fairholme boasts annualized returns of more than 20 percent over the past five years and has returned nearly 2 percent so far in 2008—despite the nasty market.
As manager of the $6.8 billion Fairholme fund, which he launched in 1997, Bruce Berkowitz is on the hunt for undervalued companies with strong managers and plenty of free cash. Rather than building a traditional, diversified portfolio, Miami-based Fairholme—named after a street Berkowitz once lived on—concentrates its resources on a limited number of positions, a strategy that has led to impressive returns. Fairholme boasts annualized returns of more than 20 percent over the past five years and has returned nearly 2 percent so far in 2008—despite the nasty market.
By admin - Posted on February 4th, 2008
Tagged: Fairholme Fund’s 2007 calendar-year performance of 12.35% outperformed the S&P 500 Index performance of 5.49% (with dividends reinvested).
Fairholme Fund’s 2007 calendar-year performance of 12.35% outperformed the S&P 500 Index performance of 5.49% (with dividends reinvested).
By admin - Posted on January 27th, 2008
Tagged: Fairholme Capital Management is a well-known investment advisor founded by value investing guru Bruce Berkowitz. Fairhome typically invests in a few companies at a time, looking for undervalued firms with solid management.
Fairholme's website says that the fund avoids "faddish companies, industries, or trends," while looking for firms with "conservative accounting procedures" and "sustainable competitive advantages," attributes that will be familiar to followers of Buffett as well.
Fairholme Capital Management is a well-known investment advisor founded by value investing guru Bruce Berkowitz. Fairhome typically invests in a few companies at a time, looking for undervalued firms with solid management.
Fairholme's website says that the fund avoids "faddish companies, industries, or trends," while looking for firms with "conservative accounting procedures" and "sustainable competitive advantages," attributes that will be familiar to followers of Buffett as well.
By admin - Posted on December 17th, 2007
Tagged: Bruce R. Berkowitz of Fairholme Capital Management and Fairholme Funds buys a stake in WellCare Health Plans, Inc.
Bruce R. Berkowitz of Fairholme Capital Management and Fairholme Funds buys a stake in WellCare Health Plans, Inc.
By admin - Posted on February 8th, 2007
Tagged:
Because bargains are usually found among securities out of favor, stressed industries attract Fairholme Team like children to a locked cabinet. Accordingly, they have pried open the residential housing industry. While not drawn to most homebuilders, whose business models we find unattractive, we have identified two related businesses that seem overly depressed by current conditions, Mohawk Industries and USG. Both have the talented managers, free cash flows, and strong balance sheets necessary to take advantage of others’ pain. Hopefully, the current residential construction downturn has not seen its nadir. The worse it gets, the better we’ll do down the road.
Because bargains are usually found among securities out of favor, stressed industries attract Fairholme Team like children to a locked cabinet. Accordingly, they have pried open the residential housing industry. While not drawn to most homebuilders, whose business models we find unattractive, we have identified two related businesses that seem overly depressed by current conditions, Mohawk Industries and USG. Both have the talented managers, free cash flows, and strong balance sheets necessary to take advantage of others’ pain. Hopefully, the current residential construction downturn has not seen its nadir. The worse it gets, the better we’ll do down the road.
