5 Best Stocks to Buy According to CAS Investment Partners

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1. Party City Holdco Inc. (NYSE:PRTY)

Net Gains: 800%

Party City Holdco Inc. (NYSE:PRTY) designs, manufactures, and sources party goods worldwide. Its core business revolves around offering paper and plastic tableware, metallic, and the latest balloons. The company also operates a specialty retail party supply stores, including franchise stores under the Party City and Halloween names.

CAS Investment Partners first bought stakes in Party City Holdco Inc. (NYSE:PRTY) in the third quarter of 2019. Sosin increased stakes in the company in 2021 by roughly $2.5 million, ending up controlling about 14% of the outstanding shares. The increase came as the company delivered net sales of $510 million, which also followed the divestiture of some businesses.

As 2022’s fourth quarter ended, CAS Investment Partners had owned 19.56 million Party City Holdco Inc. (NYSE:PRTY) shares which allowed it to own a $7.15 million stake in the company that represented 1.7% of its investment portfolio. By the time the investor exited, the stock had rallied by about 800%.

Follow Party City Holdco Inc. (NYSE:PRTY)

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