Super Investor Arnold Van Den Berg sees the current developments in U.S. Research and Development as “so significant that I label it as another industrial revolution. Given the tremendous breakthroughs taking place in artificial intelligence, 3D printing, robotics and nanotechnology, it’s hard to see it any other way. Furthermore, America is a leader in almost every one of these areas.”
Mr. Van Den Berg has been managing money for institutions and the wealthy for nearly 50 years. Starting Century Management in 1974, this top portfolio manager follows “the Benjamin Graham school of thought, which is the value-investing approach.”
The Texas-based money manager declares that “numerous technology companies will benefit from this manufacturing renaissance. Three companies we own and like over the long run are Corning (Corning Incorporated, NYSE:GLW), Intel (Intel Corporation, NASDAQ:INTC) and IBM (International Business Machines Corp., NYSE:IBM).“
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These three stocks “are trading between our established ‘buy’ zones and fair values as of this interview, they are good companies to keep an eye on. Should these companies pull back a little from their current prices, we believe these would be solid positions to own,” Mr. Van Den Berg said.
However, investors should avoid some stocks participating in the “new industrial revolution,” specifically 3D Systems Corporation (NYSE:DDD), with “an average price-to-sales ratio of 14.6 times during this same period. So while I would not recommend investing in 3D printing hardware companies today, I would recommend this investment theme and looking for companies that can benefit from the technology,” Mr. Van Den Berg adds.
It is rare to hear a money manager with 50 years of investing experience pounding the table for American businesses with such enthusiasm. It bodes well for the rest of the stocks that Mr. Van Den Berg recommends in this interview.
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