Chilton Investment Company hedge fund starts new positions in BYI, TTC, KMX, CF, MXIM – 13F Flash

Market Realist

Chilton investment company, a large U.S. based hedge fund started new positions in Bally Technologies, Inc. (BYI), Toro Co. (TTC), CarMax Inc. (KMX), CF Industries (CF), and Maxim Integrated Products (MXIM).

Financial summaries and metrics for these securities are included below. Detailed analysis and recommendations require a subscription (more information at the bottom of the article).

Bally Technologies, Inc. (BYI): Bally Technologies, Inc. is a diversified global gaming company that designs, manufactures, operates, and distributes advanced technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications. Its innovations and technology solutions allow its customers to more effectively manage their operations using its wide range of marketing, data management and analysis, accounting, player tracking, security, and other software applications and tools. The Company also provides hardware, including spinning-reel and video gaming devices, specialty gaming devices, and wide-area progressive (“WAP”) systems. It supports customers that include traditional land-based, riverboat, and Native American casinos, video lottery and central determination markets.

Bally was founded in Chicago, Illinois in 1932 as Bally Manufacturing Corp. The Company was incorporated in Nevada on September 30, 1968, under the name Advanced Patent Technologies.

BYI Fin

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BYI TEV to EBITDA

Toro Co. (TTC): Toro Ventures Inc. is in the acquisition and exploration of oil and gas properties. Toro Ventures Inc. was incorporated in the state of Nevada on April 11, 2005. Its business strategy is to acquire interest in the properties of, and working interests in the production owned by, established oil and gas production companies, whether public or private, in the United States oil producing areas.

When and if funding becomes available, the Company plans to acquire high-quality oil and gas properties, primarily properties which have “proven producing and proven undeveloped reserves.” It will also explore low-risk development drilling and work-over opportunities with experienced, well-established operators.

TTC Fin

 

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CarMax Inc. (KMX): CarMax, Inc. was incorporated under the laws of the Commonwealth of Virginia in 1996.  CarMax, Inc. is a holding company and its operations are conducted through its subsidiaries.  Its home office is located at 12800 Tuckahoe Creek Parkway, Richmond, Virginia.

Under the ownership of Circuit City Stores, Inc. (“Circuit City”), Carmax began operations in 1993 with the opening of its first CarMax superstore in Richmond, Virginia.  In 1997, Circuit City completed the initial public offering of a tracking stock that was intended to track separately the performance of the CarMax operations.  On October 1, 2002, the CarMax business was separated from Circuit City through a tax-free transaction, becoming an independent, publicly traded company.

CarMax is the nation’s largest retailer of used cars, based on the 447,728 used vehicles it retailed during the fiscal year ended February 28, 2013.  As of the end of fiscal 2013, it operated 118 used car superstores in 58 metropolitan markets.  In addition, it is one of the nation’s largest wholesale vehicle auction operators, based on the 324,779 wholesale vehicles it sold through its on-site auctions in fiscal 2013.

CF Industries (CF):

CF Industries is one of the largest manufacturers and distributors of nitrogen and phosphate fertilizer products in the world. Its operations are organized into two business segments—the nitrogen segment and the phosphate segment. Its principal customers are cooperatives and independent fertilizer distributors. Its principal fertilizer products in the nitrogen segment are ammonia, granular urea, urea ammonium nitrate solution, or UAN, and ammonium nitrate, or AN. Its other nitrogen products include urea liquor, diesel exhaust fluid, or DEF, and aqua ammonia, which are sold primarily to its industrial customers. Its principal fertilizer products in the phosphate segment are diammonium phosphate, or DAP, and monoammonium phosphate, or MAP.

CF’s core market and distribution facilities are concentrated in the midwestern United States and other major agricultural areas of the U.S. and Canada. It also exports nitrogen fertilizer products from our Donaldsonville, Louisiana manufacturing facilities and phosphate fertilizer products from its Florida phosphate operations through its Tampa port facility.

Maxim Integrated Products (MXIM):

Maxim Integrated Products, Inc. designs, develops, manufactures and markets a broad range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, for a large number of customers in diverse geographical locations. The analog market is fragmented and characterized by diverse applications, numerous product variations and, with respect to many circuit types, relatively long product life cycles. The Company’s objective is to develop and market both proprietary and industry-standard analog integrated circuits that meet the increasingly stringent quality and performance standards demanded by customers.

Maxim is a Delaware corporation originally incorporated in California in 1983.

Chilton Investment Company is run by Richard L. Chilton, Jr. and describes itself as “a global investment management firm that aims to produce superior investment returns by aggressively seeking capital appreciation in rising markets and preserving capital in declining markets. The firm takes a long-term perspective as it endeavors to maintain a focused, disciplined portfolio that consistently generates profits for its clients over time.”

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