5 Stocks to Invest In Now According to Viraj Mehta’s Arctis Global

1. Alliance Data Systems Corporation (NYSE:ADS)

Arctis Global’s Stake Value: $50,829,000
Percentage of Arctis Global’s 13F Portfolio: 19.03%
Number of Hedge Fund Holders: 35

Alliance Data Systems Corporation (NYSE:ADS) is a company that specializes in data-driven marketing solutions. Alliance Data Systems Corporation (NYSE:ADS) stated on March 23 that it would be renamed Bread Financial Holdings, Inc. (NYSE:BFH), a tech-forward financial services firm.

Alliance Data Systems Corporation (NYSE:ADS) was downgraded from Overweight to Equal Weight by Morgan Stanley analyst Jeffrey Adelson on March 28, and a price objective of $67, down from $104.

In its Q4 2021 investor letter, Tao Value mentioned Alliance Data Systems Corporation (NYSE:ADS). Here is what the fund said:

“ADS, on the other hand, was a classic failed roll-up by a promotional wall street veteran CEO, optically looks very cheap. I was also lured by its seemingly drastic decision making in share-buybacks, which in retrospective, were merely clumsy “imitation” of the great capital allocator CEOs that investors loved to study.”

You can also take a peek at 10 Stock Picks of Rishi Bajaj’s Altai Capital and 10 Stocks to Sell Now According to Michael Zimmerman’s Prentice Capital Management

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