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Paul Singer’s Elliott Management is the largest and arguably the most successful activist hedge fund. So when Singer first buys a stake in a stock, that company’s management shudders, and the share price jumps. Singer’s 13D filing usually means higher prices in the target stock in the weeks and months to come. But what...
Hedge fund managers with hundreds of millions of dollars rarely buy the illiquid shares of a micro-cap company -- but when they do it's often a prelude to much higher prices for that stock. Below I discuss the 13F "secret" to uncovering micro-cap winners as the "Whales" begin buying. Micro-cap stocks, those with...
Investors who mimicked Hite Hedge Asset Management's long portfolio on Nov. 15 would have been up 29.49% through Feb 15., making Hite the top hedge fund for Q4. Established in 2012, Quincy, MA-based Hite Hedge is focused on MLPs in the energy sector.  The fund’s 13F portfolio returned 29.49% in the 4th quarter. That...
Dr. Michael Burry's Scion Asset Management disclosed holdings 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 market -- the then unknown money manager bet over $1 billion that sub-prime would implode. He made himself...
Between August of 2015 and April of 2018 Plantronics Inc. (PLT) director Brian Dexheimer sold $1.18 million of his company’s stock on the open market. Two days ago, he bought it all back. On Feb. 5 the Santa Cruz-based headset maker reported earnings per share of $1.36, beating estimates by 68%. Revenue grew 122% year over year to $510.67 million.
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%.
Home Depot co-founder Ken Langone, 83, is famously frugal. In an interview with CNBC last year the multi-billionaire told of challenging the cable company’s $200 bill for his Manhattan apartment’s service. “The point I'm making is it's not that I'm cheap, it's just that I want to make sure I don't squander money," Langone says.
On December 27, 2018, Cannell Capital LLC — a hedge fund based in Alta, Wyoming – disclosed sending three separate letters to three company managements, notifying them of Cannell’s activist intentions. Buying the stocks targeted by Cannell on that date would have produced an average gain of 32.40% over the 25 trading days since.
In 1951, Denver resident Ida Goldstein purchased the formula for Scott’s Liquid Gold for $350 as a business opportunity for her three young adult sons. The guys began mixing and bottling the amber-colored wood care oil by hand in the family garage. So was born the brand that eventually found its place into households across America. Some 65 years later, the company is going strong.
NASCAR has always ruled auto racing in the U.S., and though attendance has declined in recent years, NASCAR produced revenue of $660 million in 2017. But internationally, the king of racing is Formula 1, generating revenue of over $1.83 billion in 2017. With 21 events held around the world last year, F1 likely produces more revenue per event than any other sport.