Home Blog Page 2
Spirit Air insider Christine Richards bought 5000 shares of the discount airline despite worries Coronavirus could impact global travel. Richards was appointed director at Spirit Airlines Inc. (SAVE) in Sept. of last year. A Form 4 filed today disclosed the purchase of $216K of SAVE at $43.24. As Executive VP and General Counsel...
In the mid-19th century, Gerson von Bleichröder gained fame as the financial advisor to Otto von Bismarck, the Chancellor of the German Empire. The investment firm S. Bleichröder merged with Arhnold Bros. in 1964, eventually becoming New-York City-based Arnhold and S. Bleichroeder, Inc. That firm was renamed First Eagle Investment Management(FEIM), an investment firm that today manages $101 billion. Bleichroeder L.P....
Director Stephen Luczo bought $3.7 mil of AT&T(T) at $37.60 on Feb.4. It was Luczo's -- who is also Chairman of the Board at Seagate Technology(STX) -- first open market purchase of AT&T shares since becoming a director in November. Luczo's history as a corporate insider dates back to August of 2003 when he...
I'm “done with fossil fuels." That's what Jim Cramer just said on CNBC's Squawk Box. Cramer compared fossil fuel companies to the stigmatized tobacco companies, saying oil stocks are in the “death knell phase.” But if that's true, I wonder why billionaire oil tycoon and hotelier Bob Rowling just bought $5.6 million of beaten down Northern Oil...
In a 13D filed on Jan. 21 targeting Garrison Capital (GARS), corporate activist Joseph Stilwell notes that he has taken an "activist position" in 68 publicly-traded companies since 2000. In his most recent 13D, Stilwell Value, LLC disclosed a 5% stake in Garrison, a closed-end investment company. Stilwell affiliates acquired 804,980 shares of GARS...
"Insiders are selling stock like it's 2007." That's a headline from August 27, 2019. Sounds ominous. One might have been inclined to think: The smart guys are dumping stock, guess I should too. Well that would have been a big mistake. Since that headline was posted, the S&P 500 is up over 15%. The Nasdaq 100 Index...
In a 13G filed Friday evening, Citadel Advisors disclosed a 19.9% Avianca Holdings (AVH) stake. Ken Griffin's hedge fund reported that it owns 82,364,111 preferred shares of AVH issued to Citadel in exchange for a $356 million investment in Avianca. To be sure, the AVH investment represents a small fraction of...
Legion Partners disclosed a 5.15% stake in Landec Corp (LNDC) after market hours on Thursday. The hedge fund stated it believes LNDC's stock price "does not reflect the Issuer’s intrinsic value." Legion believes that Landec is "engaged in an odd combination of businesses that will never achieve full and fair value in the Issuer’s current structure."
The Sharpe ratio is a popular way to measure the return of an investment compared to the amount of risk taken. Risk is measured as volatility or standard deviation. So, the equity managers with the highest Sharpe ratios in the WhaleWisdom database have demonstrated skill picking stocks with market beating returns. However, their picks have shown relatively...
Due to to years of lagging performance, investors have largely abandoned energy stocks. But with the recent explosion of U.S - Iran tensions, oil stocks are suddenly in the spotlight again. Investors must now consider the possibility that a Mid East war could cause a "super spike" in oil prices to $150 per barrel. It's a good...