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Value pack: this fund thinks portfolio diversity is overrated.(Funds)(Brief Article)
Don Yacktman has been a fan of value investing for years--and his Yacktman Focus fund (YAFFX) shows it. Through December 13, the fund--with only 25 stocks in its port-folio--was up more than 14 percent, while other mid-cap value funds were underwater by about 16 percent, according to Lipper Analytical Services.
"We buy profitable businesses that have returns on sales, low prices, and management teams that do a good job at capital allocation," says Yacktman, who's managed the fund since its inception in 1997.
What you won't find in this portfolio are highly cyclical businesses, like auto or airline stocks. "We also don't invest in capital goods kinds of companies so that keeps us out of a lot of technology businesses that are shooting stars or Roman candles," ...
- Yacktman vs. His Directors: What Are the Facts?(proxy fight between manager...
- Magazine article from: Kiplinger's Personal Finance Magazine Goldberg, Steven T. December 1, 1998 700+ words
Donald Yacktman inspires nothing if not trust. A former...confidence. Moreover, the 57-year-old Yacktman employs a sensible and easily understood...mutual fired donnybrook. But this fall, Yacktman began a proxy fight aimed at replacing...
- Yacktman's back in the black.
- News wire article from: The America's Intelligence Wire March 4, 2003 700+ words
...and sometimes the bear eats you. Don Yacktman has been feasting on the very grizzly...Poor's 500 index falls. Yet the Yacktman Fund , which invests in large-cap stocks...result is sweet vindication for manager Yacktman, 61, a veteran value investor whose...
- Yacktman Wins Vote To Remove and Replace Yacktman Funds' Directors.
- Press release article from: PR Newswire December 1, 1998 700+ words
CHICAGO, Dec. 1 /PRNewswire/ -- Yacktman Asset Management Co. ("Yacktman") announced today that it has received a preliminary...election of the votes cast by stockholders of The Yacktman Funds, Inc. (the "Funds"), at the special...
- Yacktman's dilemma: How to regain respect.
- Magazine article from: Investment News Hoffman, David June 4, 2001 700+ words
...stubborn manager's value style Donald Yacktman can't win for losing. Investors fled...vaunted Chicago value manager's flagship Yacktman Fund when the Nasdaq Composite Index...back in. One adviser who backed Mr. Yacktman during a nasty proxy battle in 1998...
- Yacktman Seeks Own Brand Of Trouble Gives Tech Wide Berth B+ Rated fund pounced...
- Magazine article from: Investor's Business Daily July 3, 2002 700+ words
Byline: KEN HOOVER As Donald Yacktman sees it, investing in stocks comes...huge volume earlier this month, Yacktman saw a buy. No matter that CEO Dennis...largest position in the $148 million Yacktman Fund. "It was cheap. We don...
- DON YACKTMAN'S WILD RIDE.(fall of a fund manager)
- Magazine article from: Kiplinger's Personal Finance Magazine Knestout, Brian P. February 1, 2001 700+ words
...UNPRETENTIOUS conference room in Don Yacktman's downtown Chicago office suite sits...solitary, if rocky, trail. Whether Yacktman, a Westerner raised and educated in...investing and extreme patience. Don Yacktman, now 59, was once a star. Named portfolio...
- THE YACKTMAN FUND IS LAUNCHED
- Press release article from: PR Newswire July 17, 1992 700+ words
THE YACKTMAN FUND IS LAUNCHED CHICAGO, July 17 /PRNewswire/ -- The Yacktman Fund, a new no-load mutual fund, managed by Donald A. Yacktman is now fully registered and available to investors in all 50 states. Mr. Yacktman was selected...
- DONALD YACKTMAN CREATES YACKTMAN ASSET MANAGEMENT COMPANY
- Press release article from: PR Newswire March 16, 1992 700+ words
DONALD YACKTMAN CREATES YACKTMAN ASSET MANAGEMENT COMPANY CHICAGO, March 16 /PRNewswire/ -- Donald A. Yacktman, Morningstar's 1991 Mutual Fund Portfolio Manager of the Year, announces the formation of Yacktman Asset Management Company...
- UPDATE 1-Yacktman's back in the black.
- News wire article from: The America's Intelligence Wire March 4, 2003 700+ words
...and sometimes the bear eats you. Don Yacktman has been feasting on the very grizzly...Poor's 500 index falls. Yet the Yacktman Fund , which invests in large-cap stocks...result is sweet vindication for manager Yacktman, 61, a veteran value investor whose...
- UPDATE 3-Yacktman's back in the black.
- News wire article from: The America's Intelligence Wire March 4, 2003 700+ words
...and sometimes the bear eats you. Don Yacktman has been feasting on the very grizzly...Poor's 500 index falls. Yet the Yacktman Fund , which invests in large-cap stocks...result is sweet vindication for manager Yacktman, 61, a veteran value investor whose...
Source: HighBeam Research, Value pack: this fund thinks portfolio diversity is...