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Monday, November 4, 2013

Soros Review: Four Highest-Yield Stocks

George Soros
 The third quarter update of the Soros Fund Management portfolio, led by legendary Guru George Soros , lists 203 stocks, 59 of them new, with a total value of $9.22 billion, and a quarter-by-quarter turnover of 19%. George Soros is averaging a 12-month return of 26.3%.

Here's a review of the four highest-yield stocks in the Soros portfolio:

Penn Virginia Corporation ( PVA )

Yield: 16.40%

Up 99% over 12 months, Penn Virginia Corporation, an independent oil and gas E&P company, has a market cap of $600.69 million; its shares were traded at around $9.20. Shares trade with a P/B of 0.67.

Guru Action: As of the second quarter of 2013, George Soros holds 1,878,242 shares valued at around $8.82 million.

Read more: http://www.nasdaq.com/article/soros-review-four-highestyield-stocks-cm295729#ixzz2jg752iRr

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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.