|
Vinvesting.com is the leading website for value investors where you can get the latest investment ideas, insights and interviews from great investors like Warren Buffett, Templeton etc. Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates. |
Oak Value
By admin - Posted on July 21st, 2008
Tagged: The bloodshed in the retail sector has translated to some seeds of opportunities for Larry Coats, co-manager of Oak Value Fund. While typically avoiding the retail industry because of the group's highly competitive and capital-intensive nature, Coats, who's been in the profession since 1986, spotted opportunities in three stocks -- Tiffany & Co. (TIF) .
- Add new comment
The bloodshed in the retail sector has translated to some seeds of opportunities for Larry Coats, co-manager of Oak Value Fund. While typically avoiding the retail industry because of the group's highly competitive and capital-intensive nature, Coats, who's been in the profession since 1986, spotted opportunities in three stocks -- Tiffany & Co. (TIF) .
- Add new comment
By admin - Posted on August 21st, 2007
Tagged: Like Warren Buffett, Larry Coats of Oak Value Fund sticks with companies that are understood and valued. Top holding: Berkshire Hathaway
This summer's rumble on Wall Street doesn't faze Larry Coats, portfolio manager of the Durham (N.C.) Oak Value Fund (OAKVX). He has seen his share of ups and downs, and has learned to avoid companies heavily reliant on the credit markets.
Like Warren Buffett, Larry Coats of Oak Value Fund sticks with companies that are understood and valued. Top holding: Berkshire Hathaway
This summer's rumble on Wall Street doesn't faze Larry Coats, portfolio manager of the Durham (N.C.) Oak Value Fund (OAKVX). He has seen his share of ups and downs, and has learned to avoid companies heavily reliant on the credit markets.
By admin - Posted on April 23rd, 2007
Tagged: David R. Carr Jr. and Larry Coats Jr., managers of the Oak Value Fund say "
Periods of mis-alignment will come again, though we know not when. We believe that our charge is that of making good investment decisions on behalf of Fund shareholders. It is in this context that we have and will continue to periodically discuss the importance of our investment team’s effort. This effort serves the critical role of helping us identify “fat pitches” – investment opportunities that fit squarely into our definition of good businesses with good management at attractive prices. A broader, deeper, more productive and more effective research effort should continue to provide us with an attractive pool of investment opportunities. Perhaps the single most significant benefit to come from this evolution is the increased “competition for capital” in the Fund portfolio. Our goal is to continually challenge allocations of capital to “good investments” with the prospect of even better investments. To extend the baseball analogy, it is much easier to let the “bad pitches” go by when one has the discipline to wait and the confidence to swing at a “fat pitch”.
David R. Carr Jr. and Larry Coats Jr., managers of the Oak Value Fund say "
Periods of mis-alignment will come again, though we know not when. We believe that our charge is that of making good investment decisions on behalf of Fund shareholders. It is in this context that we have and will continue to periodically discuss the importance of our investment team’s effort. This effort serves the critical role of helping us identify “fat pitches” – investment opportunities that fit squarely into our definition of good businesses with good management at attractive prices. A broader, deeper, more productive and more effective research effort should continue to provide us with an attractive pool of investment opportunities. Perhaps the single most significant benefit to come from this evolution is the increased “competition for capital” in the Fund portfolio. Our goal is to continually challenge allocations of capital to “good investments” with the prospect of even better investments. To extend the baseball analogy, it is much easier to let the “bad pitches” go by when one has the discipline to wait and the confidence to swing at a “fat pitch”.
By admin - Posted on March 1st, 2007
Tagged:
Larry Coats Jr. favors a Warren Buffett-style approach to buying stocks. That is, he searches for companies with sustainable, high returns and low debt whose shares trade at a discount -- and in fact counts Buffett's Berkshire Hathaway Inc. as one of the top holdings in the mutual fund he runs.
Like Buffett, Coats is a believer in finding companies with what he refers to as "moats and castles," areas of competitive advantages combined with proven economics. "Those businesses should be worth more," said Coats, co-manager of the Oak Value Fund (OAKVX) with David Carr Jr. "They tend to have a higher probability of controlling their future."
Predictability is a key part of valuing a company, with value determined by the amount of cash an enterprise can generate over time, according to Coats. "If you can't understand the business, you can't value it," he said. "If you can't value it, you shouldn't own it."
Larry Coats Jr. favors a Warren Buffett-style approach to buying stocks. That is, he searches for companies with sustainable, high returns and low debt whose shares trade at a discount -- and in fact counts Buffett's Berkshire Hathaway Inc. as one of the top holdings in the mutual fund he runs.
Like Buffett, Coats is a believer in finding companies with what he refers to as "moats and castles," areas of competitive advantages combined with proven economics. "Those businesses should be worth more," said Coats, co-manager of the Oak Value Fund (OAKVX) with David Carr Jr. "They tend to have a higher probability of controlling their future."
Predictability is a key part of valuing a company, with value determined by the amount of cash an enterprise can generate over time, according to Coats. "If you can't understand the business, you can't value it," he said. "If you can't value it, you shouldn't own it."
