Somewhere, Benjamin Graham is smiling. The father of Value Investing and mentor to Warren Buffett had a favorite investment strategy: Buying “Net-Net” stocks. These are stocks that because of bad markets, bad business, bad luck – or a combination of all three -- are trading for less than the net cash they have in the bank.
Newell Brands (NWL) stock tumbled 22% over three days, but a long-time lieutenant of activist investor Carl Icahn was buying, picking up $1 million worth on August 8 at $20.50. In total, 3 directors of NWL bought $1.7 million of stock into the downdraft. The purchases were disclosed in Form 4 filings submitted today.
A March 7 Barron’s article read: "Resideo Stock Tanks Because the Stock Market Hates Confusion.” Thursday, Resideo Technologies Inc. (REZI) disclosed that insider Roger Fradin took advantage of the confusion to buy 25,000 shares of REZI at $20.41. It was the most...
Jab Holdings B.V. disclosed via Form 4 filings on August 28 buying over $32 million of Coty Inc. (NYSE:COTY) shares at prices ranging from $11.98 to $12.90 on August 24 through August 28.  Last December 31 JAB filed a 13G disclosing a 76% stake in the beauty company. Since filing the 13G at years end, JAB has acquired an additional 30 million shares of COTY spending nearly $83 million dollars.
RA Capital Management leads the pack when it comes to health care stock selection. Since 2008, an equal-weight portfolio of the Boston-based hedge fund's top ten 13F positions would have averaged a 37.05% annual return. So, when RA Capital adds to a position, it pays to investigate....
Intra-Cellular Therapies FDA news release on Sept. 10 appeared positive. The FDA informed the company that it will not schedule an Advisory Committee meeting in connection with its review of the company’s new drug application (NDA) for Lumateperone for the treatment of schizophrenia. All good, moving ahead,...
Live Nation insider James Kahan bought 4,500 shares of the concert promotion and ticketing company at $61.54 on Nov. 6. Kahan, a director at Live Nation, Inc. (LYV) since 2007, last bought LYV stock at $8.40 in August of 2010. LYV closed Friday at $63.16. Kahan's Live...
Many traders know of Bruce Kovner, the cab driver turned multi-billionaire, from his interview with Jack Schwager in the classic investment book Market Wizards. As founder and Chairman of Caxton Associates from 1983 to 2011, Kovner reportedly averaged 21% annual returns. Kovner managed as much as $14 billion...
On Dec. 23, Nierenberg Investment filed a 13D/A on Houston Wire and Cable (HWCC). The investment adviser expressed frustration that the market value of its long-held position in the micro-cap has "widened substantially over the last two years." The filing amended a 13D...