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. This week we’ll take a look at:
Qurate Retail Inc Series A (NASDAQ: QRTEA)
Qurate Retail Inc through its subsidiaries is engaged in the video and online commerce industries. Its segments include QxH – QVC U.S. and HSN markets and sells a wide variety of consumer products using its televised shopping programs and via the Internet through their websites and mobile applications, which generates most of its revenue & QVC International and Zulily. Its retail brands include QVC, HSN, Zulily, Ballard Designs, Frontgate, Garnet Hill, Grandin Road, and RyllaceTM, all dedicated to providing a Third Way to Shop, beyond transactional eCommerce or traditional brick-and-mortar stores. It also involved in mobile commerce and social commerce. It operates in North America, Europe and Asia.
A quick look at the price chart below for Qurate Retail shows us that the stock is up 2% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.22, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Qurate Retail include:
(Shares)
Andrew Wellington – 13,846,802
Cliff Asness – 5,291,832
Ken Griffin – 2,524,454
Mario Gabelli – 1,619,788
Wally Weitz – 1,100,000
Jeremy Grantham – 1,043,029
Jim Simons – 1,033,361
Steve Cohen – 675,300
Jeremy Hosking – 519,248
Israel Englander – 333,323
Paul Tudor Jones – 220,428
Joel Greenblatt – 183,676
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One Comment on “This Acquirers Multiple Stock Is Appearing In Cohen, Gabelli, Tudor-Jones Portfolios”
The price of this stock is so disconnected compared to historical cash flows and even if we divide the most recent enterprise value by the operating income for this quarter you get roughly 10 and this is during a period of high distress. This stock will bottom once interest rates are cut and with regional banks under pressure I don’t think this is too distant. This business should be valued at 3 dollars and that’s accounting for flat earnings. Mr. Market is being irrational here. This is a strong brand in a cyclical business being hammered by recent fulfillment centre fire, labor shortage, tarrifs on imported goods from China (they’ve consolidated their suppliers over the years which exposes them to a high concentration in suppliers), inflation, and change in consumer spending. This was the perfect storm for the market to take them down but soon I think a strong bottom will form for the price of this business.