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:
Fox Corp (FOXA)
Fox represents the assets not sold to Disney by predecessor firm, Twenty First Century Fox in 2019. The remaining assets include Fox News, the FOX broadcast network, FS1 and FS2, Fox Business, Big Ten Network, 28 owned and operated local television stations of which 17 are affiliated with the Fox Network, Tubi, and the Fox Studios lot. Since the Disney sale, Fox has acquired other related and unrelated assets including Credible Labs, a consumer fintech firm. The Murdoch family continues to control the successor firm, which represents a large-scale bet on the value of live sports and news in the U.S. market.
A quick look at the price chart below 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 7.60 which means that it remains undervalued.
Ken Griffin – 5,587,074
Donald Yacktman – 2,639,747
Israel Englander – 1,926,817
Jim Simons – 1,319,392
Cliff Asness – 583,598
Mario Gabelli – 407,408
Joel Greenblatt – 242,522
Ray Dalio – 205,135
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