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Monday, October 14, 2013

Lowest P/E Stocks in Soros Portfolio

As of the Sept. 20, 2013 update by GuruFocus, the portfolio of George Soros of Soros Fund Management listed 203 stocks, 59 of them new, with a total value of $9.22 billion, and a quarter-by-quarter turnover of 19%.

Here's a review of the four lowest P/E stocks in the Soros portfolio:

Tivo Inc. ( TIVO )

P/E: 5.40

Up 24% over 12 months, Tivo Inc., the pay television company, has a market cap of $1.5 billion; its shares were traded at around $12.33. TIVO trades with a P/B of 2.80.

Guru Action: As of the second quarter of 2013, George Soros holds 1,000,000 shares valued at around $11.05 million.

TIVO is a new holding for Soros who has bought and sold out twice since the second quarter of 2008. His most recent new buy of 1,000,000 shares was made in the second quarter of 2013; he bought shares at an average price of $11.80, for a gain of 4.5%.

Read more: http://www.nasdaq.com/article/lowest-pe-stocks-in-soros-portfolio-cm286491#ixzz2hhyOzHOl

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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.