This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Investment Ideas From Day 1 of the NY Value Investing Congress

NEW YORK ( TheStreet) -- I'm in New York this week, attending the 9th Annual New York Value Investing Congress, which I consider to be a can't miss event. As usual, I walked away from day 1 with a few interesting ideas, and some homework.

John Mirshekari, co-portfolio manager of Fidelity Low-Priced Stock (FLPSX), who specializes in industrial names, made an interesting case for engineering name URS (URS - Get Report). The company has made some rather expensive acquisitions over the years, but Mirshekari believes that there is change in the air at URS. Last Friday, the company pledged to return at least $500 million to shareholders in 2014 and 2015, which he sees as a positive. Mirshekari believes that URS could be worth $98 a share in two years, more than 80% above current levels.

Clifton Robbins of Blue Harbour Group, presented the bullish case for women's retailer Chico's FAS (CHS). Retailers, and especially women's retailers are not my typical cup of tea, but Robbins presentation was compelling enough that I'll at least be doing some additional digging on this name.

Robbins believes that the chain which currently has 1427 locations could grow to 2,200. He points to the stores smaller size, and considerably higher sales per square foot than competitors such as Ann Taylor (ANN - Get Report), Coldwater Creek (CWTR - Get Report) and Talbot's as another positive.

Of Chico's brands, Robbins is especially bullish on the company's Soma stores, which he likened to Victoria's Secret for women over age 30. Chico's currently trades for 13 times 2015 consensus analyst estimates. The balance sheet is solid with $302 million, or nearly $2 per share and no debt. CHS Chart CHS data by YCharts

Legendary value investor Mark Boyar presented the case for Madison Square Garden (MSG - Get Report), an asset rich name which owns among other assets, The New York Knicks, New York Rangers, Madison Square Property and associated air rights. The stock has pulled back recently from the $62 range to $55, and Boyar was critical of the $125 million deal the company recently announced for a 50% stake in the artist management business of Eagles manager Irving Azoff. Boyar believes that MSG could be taken private by the Dolan family, which controls nearly 70% of the company's voting rights. MSG Chart MSG data by YCharts

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ANN $36.79 -1.63%
CHS $17.73 -1.39%
CWTR $0.02 0.87%
CVA $21.99 2.09%
MSG $76.99 -0.71%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs