Number of Stocks: 70
Total Value: $7.9 Billion
View David Tepper Holdings
David Tepper Buys FCX, INGR, and CYH.
Freeport-McMoRan Copper & Gold (FCX) explores for copper, gold, molybdenum, cobalt, silver, and other metals, such as rhenium and magnetite. The forward P/E is 11.11 so its a pretty good bet David Tepper sees this as a value play even though its been in an uptrend channel since July 2013. David Tepper bought an estimated $53.6 million.
Ingredion Incorporated (INGR) products include maltodextrins, high fructose corn syrup, sweetener products comprising glucose syrups, high maltose syrups, caramel color, dextrose, polyols, and glucose and syrup solids; and starch-based products, which include food-grade and industrial starches. It also provides refined corn oil to packers of salad dressings, cooking oil, as well as to producers of margarine, mayonnaise, shortening, and other foods. The foward P/E on INGR is 12.17. The company has a lot of debt relative to cash with a Debt/Equity of more than 71. Buying companies that have huge debt or need to re-structure that debt is David Tepper’s niche. David Tepper bought $1.9 million of INGR.
Community Health Systems (CYH) and general care hospitals offer a range of inpatient and outpatient medical and surgical services, emergency room, such as general acute care, internal medicine, general and specialty surgery, psychiatric, critical care, obstetrics, diagnostic, and rehabilitation services. The forward P/E is 10.71 and some community hospitals are in heavy debt with a Debt/Equity of more than 282. Once again, buying distressed companies is David Tepper’s specialty. David Tepper bought about $8.7 million worth of CYH.