Stockpickr: Trade Like Prince Al-Waleed

One longtime Al-Waleed stock that could come under activist attack is Saks(SKS Quote). The company has a $3 billion market cap and almost $100 million in net cash in the bank (cash of $767 million minus debt of $688 million). With EBITDA (earnings before interest, taxes, depreciation, and amortization) of $408 million, the company currently trades at just seven times. Earnings are expected to more than double in 2007, from 22 cents per share to 47 cents per share.

Another good sign is that analysts have been steadily raising their expectations. Of the 12 analysts covering the company, expectations of earnings per share have gone from 41 cents 90 days ago to 43 cents 60 days ago to 47 cents currently.

Even more interesting is who has been accumulating Saks: activist fund Barington Capital, value investor John Keeley and recently public hedge fund Fortress.

Check out Prince Al-Waleed's other holdings at Stockpickr. We regularly update the portfolio and the analysis whenever he takes additional active positions.

Stockpickr tip of the day: I'm a big fan of the recently launched TheStreet.com Ratings system and the regular articles those guys post on TheStreet.com. On Stockpickr, we also keep track of all the Ratings portfolios. You can bookmark the portfolios you're interested in if you want to receive email notifications each time they are updated.