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Prem Watsa Exits POSCO, Trims Helmerich & Payne

- By Tiziano Frateschi

The present, chairman and CEO of Fairfax Financial Holdings, Prem Watsa (Trades, Portfolio) sold shares of the following stocks during the first quarter.


The POSCO (PKX) holding was closed. The trade had an impact of -0.82% on the portfolio.

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The steel producer has a market cap of $15.41 billion and an enterprise value of $27.94 billion.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 3.85% and return on assets of 2.14% are outperforming 52% of companies in the Steel industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.43 is above the industry median of 0.29.

The largest guru shareholder of the company is Sarah Ketterer (Trades, Portfolio)'s Causeway Capital Management with 0.11% of outstanding shares, followed by Charles Brandes (Trades, Portfolio) with 0.09% and NWQ Managers (Trades, Portfolio) with 0.05%.

Watsa curbed his Helmerich & Payne Inc. (HP) position by 58.9%. The portfolio was impacted by -0.77%.

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The company has a market cap of $5.52 billion and an enterprise value of $5.74 billion.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 1.64% and return on assets of 1.20% are outperforming 78% of companies in the Oil and Gas Drilling industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.55 is above the industry median of 0.4.

The company's largest guru shareholder is Ken Fisher (Trades, Portfolio) with 1.32% of outstanding shares, followed by the Chuck Royce (Trades, Portfolio) with 0.47%, Pioneer Investments (Trades, Portfolio) with 0.20% and Steven Cohen (Trades, Portfolio)'s Point72 Asset Management with 0.32%.

The guru closed his Bemis Co. Inc. (BMS) stake, impacting the portfolio by -0.10%.

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The manufacturer of flexible packaging has a market cap of $5.24 billion and an enterprise value of $6.59 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 19.68% and return on assets of 6.55% are underperforming 62% of companies in the Packaging and Containers industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.57.

Mairs and Power (Trades, Portfolio) is the largest guru shareholder of the company with 2.22% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio)'s GMO LLC with 0.80% and NWQ Managers (Trades, Portfolio) 0.72%.

The Shire PLC. (SHPG) position was closed. The portfolio was impacted by -0.10%.

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The Ireland-based specialty drug firm, has a market cap of $55.04 billion and an enterprise value of $69.92 billion.


GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 13.33% and return on assets of 7.22% are outperforming 88% of companies in the Biotechnology industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.01 is below the industry median of 64.2.


The company's largest guru shareholder is John Buckingham (Trades, Portfolio) with 0.01% of outstanding shares.

Watsa trimmed 15.63% off his Northwest Pipe Co. (NWPX) position. The trade had an impact of -0.05% on the portfolio.

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The manufacturer of engineered steel pipe water systems has a market cap of $237.54 million and an enterprise value of $233.70 million.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 11.69% and return on assets of 9.94% are outperforming 55% of companies in the Metal Fabrication industry. Its financial strength was rated 7 out of 10, with no debt.

Royce is the largest guru shareholder of the company with 11.94% of outstanding shares, followed by Watsa with 1.39% and Jim Simons' (Trades, Portfolio) Renaissance Technologies with 0.66%.

The Argan Inc. (AGX) stake was reduced by 14%. The portfolio was impacted by -0.04%.

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The company, which operates in the power industry services segment, has a market cap of $740.24 million and an enterprise value of $443.51 million.


GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 13.35% and return on assets of 10.16% are outperforming 77% of companies in the Engineering and Construction industry. Its financial strength is rated 10 out of 10 with no debt.


The company's largest guru shareholder is the Simons' firm with 5.32% of outstanding shares, followed by Royce with 4.11% and Third Avenue Management (Trades, Portfolio) with 0.57%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.