Published: September 18, 2012
As is often the case in high growth companies, valuation metrics seems to diverge significantly from the underlying business and market fundamentals. You don’t need to look beyond American Superconductor (NASDAQ: AMSC), Green Dot (NASDAQ: GDOT), OpenTable (NASDAQ: OPEN), and RealID (NYSE: RLD) as...
Published: September 12, 2012
The Value Investing Congress and SumZero, Inc. today revealed the 3 finalists for the top idea contest, the Value Investing Challenge.
The three finalists are Ryan Fusaro of LionEye Capital Management, Matthew Kirk of Lonestar Capital Management, and Steven Wood of GreenWood Investors. The Cha...
Published: September 10, 2012
I submit this write-up knowing full well that the SumZero community quickly frowns upon unprofitable young businesses with seemingly expensive valuations. I am doing so because I believe that Zipcar (ZIP) is one of the cheapest stocks available and offers a 2x-3x return opportunity.
Over the l...
Published: September 06, 2012
Nokia: Focus on the margin of safety, not what you think you know.
Most people in North America (my main audience) have a mobile phone and at the very least a vague sense of what Apple is. Therefore most people have an opinion on the mobile phone market. You mention Nokia and they recoil in ho...
Published: September 06, 2012
This is an update to an article originally published on 7/31/12. You can read the original article here: http://sumzero.com/news/97.
Update:
Facebook shares sank after BMO Capital analyst Daniel Salmon wrote that many advertisers appear to b...
Published: September 05, 2012
SportsCenter is full of the amazing: half court buzzer beaters, circus catches in the end zone, diving outfield catches, and on and on. I can’t remember many layups that make the highlight reel.
There will be no highflying heroics in my idea. Just standing under the bucket consistently and rel...
Published: August 29, 2012
We are in the middle of a smartphone revolution in China. There are strong fundamentals to support this even in a hard lending scenario.
The availability of affordable smartphones (less than USD$130) will trigger explosive smartphone adoption in China. China Mobile (CHL) is a leader in the vo...
Published: August 28, 2012
If you found it unusual that one of the most storied teams in the history of soccer would do its IPO in the US, you’re not alone. MANU was rumored to be considering an IPO in Asia (as have a fair number of European luxury brands), and, yet, the deal was done in New York. This is akin to the NY Ya...
Published: August 22, 2012
On a sum-of-the-parts basis, Yahoo! is currently worth approximately $18.67 per share – with non-core assets of $12.27 and an estimated $6.40 valuation for Yahoo! “Core”. I estimate this figure will rise to approximately $23.32 per share by mid-2015 through a combination of growth in Alibaba’s en...
Published: August 21, 2012
Buy the General Growth Properties (“GGP”) bank debt default interest claim at 3.25% of par with a price target of 3.66%. Assuming settlement of this case at the end of 2012, this investment would generate a return of 12.5% and an IRR of 35%.
This claim of $89.3M (based on Judge Gropper’s ruli...
Published: August 16, 2012
DreamWorks currently has a film library consisting of 24 movies: three franchise hits (Shrek, Kung Fu Panda and Madagascar), with a potential fourth on its way (How to Train Your Dragon). Studios covet franchises because they allow studio executives to sleep a little easier at night knowing that ...
Published: August 14, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Quick Thesis:
Now that it is almost certain that ATPG will file for reorganization, the recovery value of the 2nd Lien Notes offers a potential 64% upside over the current market pri...
Published: August 10, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Quick Thesis:
Hewlett-Packard is a a world class company with a 73 year old brand that is globally recognized. It controls the #1 market position in almost every business segment in ...
Published: August 09, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Quick Thesis:
In short, the company consists of about 2,800 revenue generating professionals who have some sort of advanced degree (think PHD, MBA, JD, CPA, etc). They are consultant...
Published: July 31, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the authors' consent)
Bull Quick Thesis
– I believe ATVI has a strong management team that is navigating a transitioning business to strong growth and cash flow generation through digital...
Published: July 31, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Quick Thesis:
Facebook is by far the most attractive short I have seen with a market cap in excess of $1 billion. The current valuation implies Facebook is one the highest quality an...
Published: July 26, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Eiad Asbahi.
Firm: Prescience Investment Group. Hedge Fund.
Location: New York, NY.
Recommendation: Short Student Transportation Group (Nasdaq: STB)
Timeframe: 6 M...
Published: July 24, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Fionn Gibbons.
Firm: Cluain Ard. Hedge Fund.
Location: New York, NY.
Recommendation: Short Unsecured Debt of Level 3 Communications (Nasdaq: LVLT)
Timeframe: 2 Yea...
Published: July 20, 2012
SumZero Ideas Revisited
We are publishing top-notch, 100% free research on this weekly email. Here are some of our most successful calls over the past six months revisited:
Recommendation: Short on Zynga (Nasdaq: ZNGA)
Contributor: Jo...
Published: July 19, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Jonathan Platt.
Firm: Cavoleph Partners. Hedge Fund.
Location: New York, NY.
Recommendation: Long Shares of Terex (NYSE: TEX)
Timeframe: 6 Months to 1 Year
Recent...
Published: July 16, 2007
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Uncited.
Firm: Undisclosed. Hedge Fund.
Location: New York, NY.
Recommendation: Long Shares of Rick's Cabaret (Nasdaq: RICK).
Timeframe: 6 Months to 1 Year
Recent...
Published: July 13, 2012
SumZero News
SumZero and the Value Investing Congress have launched a brand new top idea contest, the Value Investing Challenge. The winner of this 1st annual event will take the stage at this year’s Congress in NYC alongside investing greats like David...
Published: July 11, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Uncited.
Firm: Undisclosed. Hedge Fund.
Location: New York, NY.
Recommendation: Short Shares of Procter & Gamble (NYSE: PG).
Timeframe: 1 to 2 Years
Recent Price:...
Published: July 10, 2012
SumZero and the Value Investing Congress are pleased to announce the 1st Annual Value Investing Challenge, a top idea contest designed to identify compelling ideas and insightful thinkers within the investment management universe.
Starting today, all members of the core SumZero community are...
Published: July 10, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Andrew Park.
Firm: Peter Cooper Capital Management
Location: New York, NY.
Recommendation: Short the 30-Year Treasury Bond.
Timeframe: Less than 3 Months
Recent Yi...
Published: July 09, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Colin Symons.
Firm: Symons Capital Management. Hedge Fund.
Location: Pittsburgh, PA.
Recommendation: Short Shares of iShares MSCI Brazil Index (NYSE: EWZ)
Timefram...
Published: July 06, 2012
News Across the Hedge Fund World
Dan Loeb (Third Point) disclosed a massive increase in his position in embattled natural gas giant Chesapeake Energy (NYSE: CHK). Loeb’s $9 billion fund has not yet disclosed whether it is net long or short the position. Curiosity abounds whether...
Published: July 05, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Andrew Jones.
Firm: Undisclosed. Hedge Fund.
Location: Atlanta, GA
Recommendation: Long Shares of Navistar (NYSE: NAV)
Timeframe: 1 to 2 Years
Recent Price: $25.5...
Published: July 03, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Kevin Clay.
Firm: Fraser Kearney Capital. Hedge Fund.
Location: Toronto, Canada.
Recommendation: Long Shares of Sanofi-Aventis (NYSE: SNY)
Timeframe: 1 to 2 Years...
Published: July 02, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Roy Sebag.
Firm: Essentia Equity. Hedge Fund.
Location: Tel Aviv, Israel.
Recommendation: Long Shares of Porsche Automobil (PAH3.DE)
Timeframe: Less than 3 Months...
Published: June 28, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Chris Moreno, CFA.
Firm: Undisclosed.
Location: New York, NY.
Recommendation: Short Shares of LinkedIn (Nasdaq: LNKD)
Timeframe: 1 to 2 Years
Recent Price: $103....
Published: June 27, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Bo Yang.
Firm: Guggenheim Partners. Hedge Fund.
Location: New York, NY.
Recommendation: Long Shares of Hanesbrands (NYSE: HBI)
Timeframe: 1 to 2 Years
Recent Pri...
Published: June 26, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Mike Curran.
Firm: Cush Capital Management. Hedge Fund.
Location: Overland Park, KS.
Recommendation: Long Shares of Intel (Nasdaq: INTC).
Timeframe: 1 to 2 Years
...
Published: June 25, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Anthony Abbate.
Firm: Granite Value Capital. Hedge Fund.
Location: Hanover, NH.
Recommendation: Long Shares of Procter & Gamble (NYSE: PG).
Timeframe: 2 Years and...
Published: June 21, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Alex Bossert.
Firm: Uncited. Hedge Fund.
Location: Minneapolis, MN.
Recommendation: Long Shares of Goldman Sachs (NYSE: GS).
Timeframe: 2 Years and Beyond
Recent...
Published: June 20, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Ethan Agarwal.
Firm: Uncited. Hedge Fund.
Location: New York, NY.
Recommendation: Long Shares of Demand Media (NYSE: DMD).
Timeframe: 3 to 6 Months
Recent Price:...
Published: June 19, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Ryan J. Ross, CFA.
Firm: Formerly at American Century Investments. Mutual Fund.
Location: Kansas City, MO.
Recommendation: Long Shares of CBS (NYSE: CBS).
Timefram...
Published: June 18, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Albert Rosanno.
Firm: Vance Hall Capital Management. Hedge Fund.
Location: New York, NY.
Recommendation: Long Shares of SIRIUS XM Radio (Nasdaq: SIRI)
Timeframe: 6 ...
Published: June 14, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Jay Siegel.
Firm: CGL Advisors. Hedge Fund.
Location: New York, NY
Recommendation: Long Shares of Devon Energy (NYSE: DVN)
Timeframe: 1 to 2 Years
Recent Price: $5...
Published: June 13, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Brett Janis, CFA.
Firm: Prism Asset Management. Hedge Fund.
Location: New York, NY
Recommendation: Long Shares of Barrick Gold (NYSE: ABX)
Timeframe: 1 to 2 Years
...
Published: June 12, 2012
Gary Brode, Managing Director at Silver Arrow Investment Management and top-rated SumZero member, was interviewed on CNBC this morning regarding the Supreme Court's upcoming decision on Obamacare and his favorite stock should the Court overturn the legislation. At today's prices, Brode recommends...
Published: June 11, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Uncited.
Firm: Hedge Fund
Location: Seattle, WA
Recommendation: Long Shares of Brookfield Residential Properties (NYSE: BRP)
Timeframe: 1 to 2 Years
Recent Price: ...
Published: June 07, 2012
(Chris Karlin is a longstanding member of the SumZero Community)
Chris Karlin is the Managing Partner of Aquitania Capital Management. Aquitania seeks to maximize risk-adjusted returns by identifying and capitalizing on securities trading at values meaningfully divergent from their re...
Published: June 06, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the authors' consent)
Bull & Bear Pitch on Apple (Nasdaq: AAPL)
Bull
Source: Uncited Portfolio Manager
Firm: Hedge Fund
Location:<...
Published: June 04, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Abdulaziz Alnaim
Firm: Mayar Capital Management
Location: Riyadh, Saudi Arabia
Recommendation: Long Shares of Coca-Cola Hellenic (NYSE: CCH)
Timeframe: 2 Years and ...
Published: May 31, 2012
Company: Salesforce.com (NYSE: CRM)
Segment: Application Software
Headquarters: San Francisco, CA
Comps: OCRL, SAP, MSFT, CA
Market Cap: $19.08B
Recent Price: $138.00
SumZero Community Data
Members Actively Tracking CRM: 21
Community Experts: 20
Recent Community Sentiment: 86...
Published: May 30, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: David Epstein
Location: Los Angeles, CA
Recommendation: Long Deckers (Nasdaq: DECK)
Timeframe: 6 Months to 1 Year
Current Price: $55.25
Target Price: $78.00
Qui...
Published: May 29, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Ben Michaud
Firm: H.M. Payson & Co. Portland, ME.
Firm Type: Hedge Fund.
Recommendation: Long Xerox (NYSE: XRX)
Timeframe: Uncited
Current Price: $7.00
Target Pri...
Published: May 24, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Brian W.
Source: Withheld. New York, NY.
Recommendation: Long Blackstone (NYSE: BX)
Timeframe: 2 Years and Beyond
Recent Price: $12.15
Target Price: $17.00
Quic...
Published: May 24, 2012
(This is a highly-abbreviated version of a full SumZero report republished with the author's consent)
Contributor: Adib Motiwala
Source: Motiwala Capital. Dallas, TX.
Recommendation: Long Big Lots (NYSE: BIG)
Timeframe: 2 Years and Beyond
Recent Price: $35.66
Target Price: $52....