The annual Value Investor Conference is one of the premier events surrounding Berkshire Hathaway's (NYSE: BRK-B ) annual meeting in Omaha. The Motley Fool's Joe Magyer, Michael Olsen, and Rex Moore were in attendance and talked to several value investors. In today's video, Joe chats with Wedgewood Partners' David Rolfe about the biggest lesson -- and misconception -- surrounding Warren Buffett.
What now?
Thanks to the savvy of investing legend Warren Buffett, Berkshire Hathaway's book value per share has grown a mind-blowing 586,817% over the past 48 years. But with Buffett aging and Berkshire rapidly evolving, is this insurance conglomerate still a buy today? In The Motley Fool's premium report on the company, Berkshire expert Joe Magyer provides investors with key reasons to buy as well as important risks to watch out for. Click here now for instant access to Joe's take on Berkshire!
Top Warren Buffett Companies To Watch For 2014: Curlew Lake Resources Inc. (CWQ.V)
Curlew Lake Resources Inc. engages in the acquisition, exploration, and development of mineral properties, as well as in the production of oil and gas in Canada and the United States. The company explores for gold and silver. It holds a 100% interest in the Typhoon mineral claims that include 117 mineral claims in the Clear Creek District of the Yukon. The company also has interests in oil and gas properties primarily in Alberta. Curlew Lake Resources Inc. was incorporated in 1987 and is based in Langley, Canada.
Top Warren Buffett Companies To Watch For 2014: Nortec Ventures Corp. (NVT.V)
Nortec Minerals Corp., an exploration stage company, engages in the acquisition and exploration of mineral properties in Canada, Ecuador, and Finland. The company explores for gold, copper, silver, platinum, palladium, nickel, lithium, tin, tantalum, and cobalt ores. It owns interest in the Tammela project in south-west Finland; the Kaukua and Haukiaho projects in north-central Finland; the TL property in Northern Labrador, Canada.The company was formerly known as Nortec Ventures Corp. and changed its name to Nortec Minerals Corp. in January 2010. Nortec Minerals Corp. was incorporated in 1999 and is headquartered in Vancouver, Canada.
Top 10 High Tech Stocks To Invest In Right Now: MFA Financial Inc (MFA)
MFA Financial, Inc., incorporated on July 24, 1997, is engaged in the business of investing, on a leveraged basis, in residential Agency mortgage-backed securities (MBS) and Non-Agency MBS. Its business objective is to generate net income for distribution to its stockholders resulting from the difference between the interest and other income it earn on its investments and the interest expense it pays on the borrowings, which it uses to finance its leveraged investments and its operating costs. Its operating policies require that at least 50% of its investment portfolio consist of ARM-MBS, which are either Agency MBS or rated in two rating categories by at least one of rating agency, such as Moody�� Investors Services, Inc., Standard & Poor�� Corporation (S&P) or Fitch, Inc. The remainder of its assets may consist of direct or indirect investments in other types of MBS and residential mortgage loans; other mortgage and real estate-related debt and equity; and other yield instruments.
The mortgages collateralizing the Company�� MBS portfolio are Hybrids, ARMs and 15-year fixed-rate mortgages. The Hybrids collateralizing its MBS typically have fixed-rate periods ranging from three to 10 years. Interest rates on the mortgage loans collateralizing its ARM-MBS reset based on specific index rates, which include London Interbank Offered Rate (LIBOR) or the one-year constant maturity treasury (CMT) rate. The mortgages collateralizing its ARM-MBS have interim and lifetime caps on interest rate adjustments. The Company�� Non-Agency MBS have been at discounts to face/par value.
Advisors' Opinion:- [By Jonas Elmerraji]
We're seeing the exact opposite setup in shares of MFA Financial (MFA). Unlike NCT, shares of MFA have been in a well-defined downtrend since the middle of May. That high probability range puts this stock's likely target price lower for the end of August.
Since the best time to buy an uptrend is at support, it makes sense that the best time to sell a stock in a downtrend is at trendline resistance. That's the exact level that MFA is testing this week. If you own MFA right now, it makes sense to be a seller on the first semblance of a bounce lower.
Momentum provides some extra confirmation here too. RSI has been suck down in bearish territory since the uptrend began in May. Oscillators like RSI tend to become range-bound when stocks' price action trends. I'd look for a move above 50 on RSI as a precondition to a move higher in price.
- [By Jon C. Ogg]
MFA Financial Inc. (NYSE: MFA) has an estimated $0.20 decline in book value. This is partially attributable to the company’s recent special dividend declaration. For the third quarter, Sterne Agee sees MFA with a core earnings per share of $0.19, yet the dividend of $0.50 is a combined $0.22 estimated and $0.28 special.
Top Warren Buffett Companies To Watch For 2014: (JAINIRRIG.BO)
Jain Irrigation Systems Limited, an agri-business company, primarily engages in the manufacture and sale of irrigation systems, piping products, agro processed products, and plastic sheets. It offers irrigation systems and components comprising drip irrigation systems, sprinkler irrigation systems, plastic control and safety valves, fertigation systems and chemigation equipment, and water filters; PVC pipes, PE pipes and PE pipe fittings, HDPE pipes, cable duct pipes, and gas pipes; and PVC plastic sheets and poly carbonate sheets. The company also provides food processing products, such as dehydrated onions and vegetables; and agriculture products, including biofertilizers, green houses plant nurseries, and tissue cultures, as well as processed fruits. In addition, it offers solar water heating systems, solar photovoltaic systems, and biogas power plants; hybrid and grafted plants; and poly and shade houses, as well as provides services turnkey project services, and agric ultural and engineering consultancy services. Jain Irrigation Systems Limited offers its solutions and services for the urban household, urban housing, community development, mining, plant tissue culture, chemical, oil and gas exploration, optic fiber ducting, advertisement and signage, landscaping, water shed development, waste land development, fruit and vegetable processing, and farm production and management markets, as well as for small farmers, green houses, and sugar factories. It primarily operates in India, Europe, and North America. The company was founded in 1963 and is based in Jalgaon, India.
Top Warren Buffett Companies To Watch For 2014: ASF Group Ltd(AFA.AX)
ASF Group Limited, an investment company, operates in the resources, property, travel, commodities, infrastructure, and financial services sectors in Australia and China. The company holds interests in various mineral exploration projects, including the South Ellendale thermal coal and diamonds project covering an area of approximately 2,000 square kilometers in the Canning Basin of Western Australia; and two mineral exploration ventures for base metals and gold in Tasmania. It also involves in the shipping of bulk commodities from Australia to markets in China; development of port and rail facilities; and provision of property services to Chinese investors in Australia, as well as provides funds management and advisory services. ASF Group Limited was founded in 1980 and is headquartered in Sydney, Australia.
Top Warren Buffett Companies To Watch For 2014: Constellation Brands Inc (STZ)
Constellation Brands, Inc. produces and markets alcoholic beverages primarily in the United States, Canada, and New Zealand. It offers wine, spirits, and imported beer. The company?s Constellation Wines North America segment produces, markets, and exports wine, as well as sells various wine brands across various categories, including table wine, sparkling wine, and dessert wine. It offers wine under various brands, which include Robert Mondavi Brands, Clos du Bois, Blackstone, Estancia, Arbor Mist, Toasted Head, Simi, Black Box, Ravenswood, Rex Goliath, Kim Crawford, Franciscan Estate, Wild Horse, Ruffino, Nobilo, Mount Veeder, Inniskillin, and Jackson-Triggs; and spirits under various brands, including SVEDKA Vodka, Black Velvet Canadian Whisky, and Paul Masson Grande Amber Brandy. This segment also produces and markets wine kits and beverage alcohol refreshment drinks in Canada. The company?s Crown Imports segment imports, markets, and sells beer under the Modelo Brands, which include Corona Extra, Corona Light, Coronita, Modelo Especial, Pacifico, Negra Modelo, and Victoria, as well as the St. Pauli Girl and Tsingtao brands in the United States. The company sells its products through wholesale distributors, as well as state and provincial alcoholic beverage control agencies in North America; and directly to retailers or through wholesalers and importers in New Zealand. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.
Advisors' Opinion:- [By Jon C. Ogg]
Constellation Brands Inc. (NYSE: STZ) was raised to Buy from Neutral with a $65 price target at Goldman Sachs.
Corning Inc. (NYSE: GLW) was downgraded to Perform from outperform at Oppenheimer, taking out 0.3% of the value of shares down to $14.00 on the news.
- [By Sue Chang and Saumya Vaishampayan]
$STZ: Constellation Brands Inc. (STZ) �shares recovered to trade up 0.3%. The alcoholic beverages company, which owns beer brands including Corona and Modelo, notched its all-time closing high of $62.99 on Friday, according to FactSet.
- [By Monica Gerson]
Wall Street expects Constellation Brands (NYSE: STZ) to report its Q2 earnings at $0.88 per share on revenue of $1.53 billion. Constellation Brands shares rose 0.41% to $58.50 in after-hours trading.
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