The following is an excerpt from Morningstar's Premium Analyst Report for Oakmark International (OAKIX), a foreign large-blend fund that receives a Gold Morningstar Analyst Rating. Morningstar.com Premium Members can click here to see the full Analyst Report. Not a Premium Member? Take a free Premium trial to access this and hundreds more reports.
Process Pillar: Positive | 10/04/2013
Like all Oakmark stock-pickers, lead manager David Herro seeks companies trading at deep discounts to his and comanager Rob Taylor's assessment of their intrinsic value. Their estimates of a business' worth are based on multiple valuation models and, depending on the company under consideration, may focus on a firm's likely private-market acquisition price, its tangible book value, or normalized discounted cash flows.
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Shannon Zimmerman does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.