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I'm sharing the year-end letter I wrote to family members and friends whose accounts I manage. In the second part of two, I break down our portfolio holdings to explain why they're in our portfolio. We have 24 US equity positions, 4 European equity positions, and a few short-term ...
This real-money portfolio was first introduced to the Seeking Alpha community in December 2015. The portfolio outperformed its benchmark in Q4 2020 and is now outperforming the S&P 500's performance since late-2015. The portfolio was overweight Financials and Industrials headi...
The courts have approved KPS’s offer as a stalking horse which sets off an auction for the company. Honeywell may take a haircut on their obligation and has been acquiring the stock in the open market. The common stock may be worth more than $6 per share implying a ~50% ret...
Honeywell (HON) has reduced the carrying value of its receivables from Garrett Motion (GTX) by $350M following the latter's bankruptcy filing.The adjustment constitutes a non-cash charge to its Q3 earnings, but does not impact Honeywell's reported segment profit or cash flows from operations....
Judge Michael Wiles of the U.S. Bankruptcy Court in New York has allowed Garrett Motion (GTX) to designate a sale to KPS Capital Partners as the company's best offer to date, and approved $84M in breakup fees and expenses for the proposed deal.The private equity firm initially offered $2.1B f...
Defining what should go well about a business comes down to making a comprehensive list of what makes this company great and how it can continue to grow in the coming years. When I look at my past mistakes, many of them could be explained by unpredictable events and part of it is plai...
KPS agrees to increase stalking horse bid by $500 million to $2.6 billion and offer co-investment opportunity in new public parent company to Garrett stockholders Garrett also received preliminary proposal that the Company sell its business to certain stockholders in lieu of...
This real-money portfolio was first introduced to the Seeking Alpha community in December 2015. The portfolio outperformed its benchmark in Q3 2020, but it is still lagging the S&P 500's performance since late 2015. The portfolio was overweight Financials and Industrials headi...
Fulgent Genetics Set to Join S&P SmallCap 600 Fulgent Genetics Set to Join S&P SmallCap 600 PR Newswire NEW YORK, Sept. 21, 2020 NEW YORK , Sept. 21, 2020 /PRNewswire/ -- Fulgent Genetics Inc. (NASD: FLGT) will replace Garrett Motion Inc. (NY...
Fulgent Genetics (FLGT) has jumped 9.1% postmarket on news that it's joining the S&P SmallCap 600 index. It's replacing Garrett Motion (GTX), which is filing for bankruptcy and has to leave the index. The move is effective prior to the open of trading on Friday, Sept. 25. For further de...
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2024-08-01 03:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
ZEELAND, Mich., July 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and six months ended June 30, 2024. 2nd Qua...
2024-07-25 12:23:34 ET Autoparts manufacturer Garrett Motion (NASDAQ: GTX) reported mixed quarterly results and lowered full-year revenue guidance. Investors are slamming on the brakes, sending Garrett shares down 13% as of 11 a.m. ET. Garrett is a leading supplier of turbocharg...