Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s (dated 2018-9-30). This week we’ll take a look at:
Nucor Corporation (NYSE: NUE)
Nucor is the largest steelmaker in the United States by production volume. Nucor uses electric arc furnaces to produce a wide variety of steel products that service all major end markets. Nucor is involved in every phase of the steelmaking value chain, from collecting and processing scrap to manufacturing value-added fabricated steel products.
A quick look at the price chart below for Nucor shows us that the stock is down 6% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 6.37 which means that it remains undervalued.
(Source: Google Finance)
Superinvestors who currently hold positions in Nucor include:
Cliff Asness – 628,677 total shares
Ken Griffin – 416,574 total shares
Ray Dalio – 147,627 total shares
Ken Fisher – 140,846 total shares
Paul Tudor Jones – 78,424 total shares
Lee Ainslie – 30,370 total shares
Joel Greenblatt – 11,102 total shares
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