In 2008, Slim began buying shares of New York Times (NYT), eventually becoming the media firm's largest shareholder outside of the Sulzberger family. At present, Slim's nearly 10 million shares are valued at more than $90 million.
The move was an interesting one for Slim because of its timing. The billionaire bought shares of the troubled stock during one of the worst bear markets in the market's history. He's since increased his stakes in the stock, making a $250 million loan to Times last year in an attempt to improve the company's liquidity amid declining revenues and waning profitability. Efforts to better monetize Times' online properties will come to bare in 2011, when the company adopts a paid model for NYTimes.com.
New York Times' fortunes are far from certain at the moment, but a tough market for print media and a highly leveraged balance sheet will continue to plague investors who are hoping for a more bullish perspective on the stock. At least they've got one of the world's most prescient investors in their corner.
Carlos Slim Helu also owns a stake in Philip Morris International (PM), a company for which he is also a director. According to filings with the SEC, Slim's stake in the company is estimated to be around $16 million.Philip Morris is a major player in the tobacco industry, with almost 16% of the world's cigarette market. The company, which spun off from Altria (MO) back in 2008, owns the international rights to some of the world's most well-known tobacco brands, including Marlboro, Parliament and L&M. But the flagship is clearly Marlboro, a storied name that contributed 35% of Philip Morris International's sales volume last year. This company's biggest focus right now is in the emerging markets. While Western Europe currently contributes around half of Philip Morris' revenue, Europe's tight regulation and oversaturated market are proving to be a challenging environment to operate in. Cigarette growth in markets such as China is much more appealing -- the company's joint venture with China National Tobacco should give them an appealing "in" to the Chinese marketplace.
|Who Else Owns Philip Morris?|
Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV