Dividend-News

Daily dividend news for investors in dividend stocks


5 Dividend Picks From A $7 Billion Hedge Fund

Published Tue, 18 Dec 2012 04:50:44 -0500 on Seeking Alpha

Larry Robbins, a former trader at Leon Cooperman's Omega Advisors, founded Glenview Capital, a multi-strategy hedge fund, in 2001. The fund currently has over $7 billion in assets under management. The fund has been a consistent outperformer, returning, on average, 14.2% annually for the decade since its inception. As a hedge fund manager, Larry Robbins seeks out respectable businesses that have modest valuations and excess capital as well as above-average earnings growth. His current portfolio is heavily weighted towards the healthcare sector. This is so because Robbins believes that there is plenty of asset mispricing in the sector. Robbins is particularly bullish about hospitals, which he considers overcapitalized, and life sciences companies. His big bets in the healthcare sector are hospital owners Tenet Healthcare Corp. (THC) and HCA Holdings Inc. (HCA), and a life-sciences company Life Technologies Corporation (LIFE), his single largest holding. Robbins is also... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
XEROX 11.96   12.5 92.69 0.25 2.09
URS 48.02   14.3 332.00 0.88 1.83
FIDELITY NATIONAL INFORMATION SERVICES 53.30   31.4 1.67 0.96 1.80
CARDINAL HEALTH 68.95   64.9 106.00 1.21 1.75
COMPUTER SCIENCES 59.93   13.8 438.00 0.80 1.33