2024 SOHN Conference Stock Pitches

Short-sellers
Chris Drose, founder of Bleecker Street Capital, called out food packaging company Sealed Air as “a melting ice cube hiding in plain sight.” The short seller noted that the company has a $5 billion market cap with about $4.8 billion of debt.
Nate Koppikar, portfolio manager at Orso Partners, named Globe Life (GL) as a short pick, calling it “one of the sleaziest businesses” he’s ever come across, as it uses brokers to sell short-term medical plans that “turned out worthless” for customers.

He expects the stock could crater by 50% this year, as he anticipates the Justice Department and Federal Trade Commission may take action against the company. Shares were down 2.8% in midday trading.

Safkhet Capital founder Fahmi Quadir named Adtalem Global Education (NYSE:ATGE) as her highest conviction short, pointing out that it received nearly $2 billion in taxpayer funded subsidies last year but generates “horrendous student outcomes” with graduates unable to pay their debt back.