Every week I run a screen to find the stocks that the best Billionaire Investors and Hedge Fund Managers are down the most on. While running my scan this weekend I came across Apollo Group (APOL), which is near its 52 week low, and is almost 50% below where Billionaire Investor Donald Yacktman payed for this stock in the summer of 2012.
Donald Yacktman, of Yacktman Asset Management runs a $17 Billion asset management firm, he has the best track record of any long only manager over the last 10 years. Mr Yacktman doubled his stake in this stock last summer at prices almost 50% above today. He currently owns 6.6% of Apollo Group (APOL).