Third Avenue Value - TAVFX
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average rating: 3.85 / 53 ratings
DESCRIPTION:

Date updated:11-29-2007

From the company website, www.thirdavenuefunds.com

“Since our founding in 1986, Third Avenue Management has utilized a disciplined fundamental, bottom-up approach to identify appropriate investments with the sole objective of delivering superior returns with limited investment risk, over the long term.

We are guided by one proven value philosophy, which focuses on the strength of a company's balance sheet and the discounted price of its securities. Our belief is that a strong, well-managed company can survive difficult environments, and the price of its securities will eventually reflect its true intrinsic value.

Third Avenue Management's research approach is opportunistic and not constrained by market capitalization, industry sector, or geographic location.”

Morningstar rates the Third Avenue Value fund with 5 stars. The total Third Avenue umbrella of funds and investment vehicles has assets under management of over $20 Billion.

The fund is managed by Martin Whitman, who was a co-founder of the fund from 1991. Whitman is highly respected in value investing circles and is well know for his critiques of how companies measure their earnings. Recently and after a generous donation, Syracuse University renamed its School of Management after Whitman. Here is a good profile of Whitman’s life and career from the University.

Whitman is also an author and sits on the board of various public companies.

Current Returns:

1-Year: 10.81%
3-Year: 13.28%
5-Year: 19.44%

As of 7-31-07 filing.

symbol name last price % change open
  • +
  • PKX
    Posco
  • $112.45
  • +2.70%
  • $110.39

No Analysis added

People owning PKX also tend to own: JAKKUSUFHBIJRNMASMGA

TheStreet.com Rating: A What is this?

  • +
  • BAM
    Brookfield Asset
  • $21.10
  • -2.68%
  • $21.22

No Analysis added

People owning BAM also tend to own: ATHRMRVCSTXNAAAAPLADBEDVY

TheStreet.com Rating: C+ What is this?

  • +
  • FCE-A
    Forest City Ent C
  • $9.26
  • +0.43%
  • $9.07

No Analysis added

People owning FCE-A also tend to own: ANAVIDBEASBOHBYDCAEK

TheStreet.com Rating: No Rating What is this?

  • +
  • MBI
    M B I A Inc
  • $4.35
  • +6.62%
  • $4.07

No Analysis added

People owning MBI also tend to own: AAAMGNAXPCVXEGLEHDHNZ

TheStreet.com Rating: D What is this?

  • +
  • NBR
    Nabors Inds Inc N
  • $21.99
  • -1.08%
  • $21.80

No Analysis added

People owning NBR also tend to own: AVXBAMCHEUY.PKCVAFCE-AHLDVF.PKIVSBF.PK

TheStreet.com Rating: C What is this?

  • +
  • JOE
    St Joe Co (the)
  • $26.06
  • +0.50%
  • $25.78

No Analysis added

People owning JOE also tend to own: BTUFWLTGRMNSPWRTWIAAPLDVN

TheStreet.com Rating: D What is this?

  • +
  • BK
    Bank Of Ny Mellon
  • $26.90
  • +0.64%
  • $26.31

No Analysis added

People owning BK also tend to own: APHBCRCSCCSLGPCGRIVZ

TheStreet.com Rating: D+ What is this?

  • +
  • CVA
    Covanta Hld Cp
  • $17.50
  • +0.06%
  • $17.32

No Analysis added

People owning CVA also tend to own: BRGCCJCGMFXCHKCPHLXPCU

TheStreet.com Rating: C+ What is this?

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Portfolio not tracked!

08/02/2007 14:00 PM CDT Asked by Bhh
Dudes - where's CHEUY.PK and the like?

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