Name the top hedge funds. You probably said Berkshire Hathaway or maybe Bridgewater Associates. Casdin Capital or King Street Management probably didn’t come to mind. But while investors fawned over Bridgewater’s 14.6% gain in 2018, more obscure managers of smaller…Read More
Tailored Brands (TLRD), a top Q4 holding of Michael Burry’s Scion Hedge Fund, spiked higher Tuesday after a corporate insider disclosed buying $100K of the beaten-down stock. As of mid-day, TLRD was trading at $8.20, up 6.40% on the day,…Read More
Garelick Capital Partners isn’t exactly a household name in the Hedge Fund world. But that may change if the Boston-based hedge fund maintains its torrid performance. Based on the returns of 13F holdings through Q4’s end, the Boston-based hedge fund…Read More
Dr. Michael J. Burry’s hedge fund holdings were disclosed on Feb. 15 for the first time in over two years. The investing legend was one of the first people to recognize the massive risk in the pre-2007 sub-prime real estate…Read More
Bill Stiritz may not have the name recognition of Jeff Bezos, Elon Musk or Warren Buffett, but the 84-year-old Non-Executive Chairman of Post Holdings, Inc. may be one of the greatest CEOs of the last half century. An investment of $100 made in Ralston Purina in 1981 when Stiritz was named CEO, would have would have been worth $5,700 by 2000 -- a compound annual return of 20%.Read More
When screening insider trades, my interest is always piqued when I see both top executives of a company buying shares. It implies that the two people with the best information on that company agree the shares are a good value. That’s what just happened at FS KKR Capital Corp (FSK). Both the Chief Investment Officer (CIO) and the CEO, along with a director, purchased a total of $495,000 of their company’s stock.Read More
Question: If you’re a top hedge fund manager and the value of your highest conviction stock suddenly drops by 20%, what do you do? Answer: You buy more. Late in 2018, investors panic-sold en masse. Indiscriminate selling. Babies thrown out with bathwater. While the public freaked-out about interest rates, trade wars and recessions, leading hedge funds added to their best ideas.Read More
Is the January Effect a bunch of bull? These oversold small caps may rally in the new year regardless.
Many “effects” in finance have been linked to the calendar. There’s the Weekend Effect, the Turn-of-the-Month Effect, the October Effect, even the Mark Twain Effect. But probably the most widely discussed is the January Effect. This is the tendency for stocks – particularly small-cap stocks – to outperform in January vs other months. The January Effect is a market “anomaly” – market price behavior that “shouldn’t” happen.Read More
As the market tanks, the list of “Accidental High Yielders” grows. How about a $3.5 stock with a 23% yield and insider buying?
When the equities in your portfolio plummet, you may find yourself asking: What are these stocks really worth? They’ve fallen ten or twenty percent – what’s to keep them from declining even further? Well here’s one thing that can anchor a portfolio: Sizeable dividend payments.Read More
Amkor’s CEO sold millions of dollars of his company’s stock over the last few years – now he’s buying AMKR 50% lower
When Steve Kelley was named CEO of Amkor Technology (AMKR) in May of 2013, AMKR was around $4.50. As an incentive, the company granted him 750,000 shares in stock and options at the equivalent of $4.50. After the grant fully vested, SEC filings indicate the CEO sold most all of the granted stock and options between Nov. of 2016 and June of 2017 at an average price of $11.38 for total proceeds of $8.9 million. AMKR closed Wednesday at $6.53. So, since his employment began with Amkor, Kelley did not buy any AMKR on the open market. His only actions were disposing of shares granted to him as compensation. His timing was good.Read More