‘We’ve Had the Bulk of the Gains We’re Going to Get’ in Stocks, Warns a Disciple of Julian Robertson (CNBC)
The stock market has basically topped out and won’t deliver the eye-popping returns that investors have become accustomed to in recent years, hedge fund manager David Gerstenhaber told CNBC on Monday. “I’m not predicting a bear market at this point. I want to be very clear about that,” said the Argonaut Capital Management president. “[But] you probably don’t get a peak of substance in the market until the end of the economic cycle is in sight.”
Carl Icahn boosts stake in Dell IPO Standoff (Reuters)
(Reuters) – Activist investor Carl Icahn reported an increased 8.3 percent stake in Dell tracking stock on Monday, as he looks to block a proposed plan by the computer maker to return to the public market without an IPO. Dell Technologies in July said it would pay $21.7 billion in cash and stock to buy back shares tied to its interest in software company VMware Inc. Icahn and other hedge fund investors have resisted the plan, saying the proposed deal massively undervalues the tracking stock.
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Hedge Fund ESL Backs Sears’ Bankruptcy Move (Greensboro.com)
Hedge fund ESL Investments says it stands by Sears’ decision to file for Chapter 11 bankruptcy protection, though it would have preferred to avoid a court-run process. The hedge fund is run by now former Sears CEO Edward S. Lampert, who is also the company’s largest shareholder and has been attempting to keep the company afloat with his own money. An out-of-court resolution “did not prove possible”, ESL said.
Which Investing Style Is Right for You? (Money.USNews.com)
George Soros, inspired by the great 20th century philosopher Karl Popper, considered himself a philosopher first and investor second, deriving his investing strategy and his “theory of reflexivity” from Popper. He earned billions using it. Ray Dalio, founder of the world’s largest hedge fund, was obsessed with deconstructing the economy mechanically, discerning the parts and gears that made it move. That allowed him to make big bets on where the machine was going. That worked, too.
Insider Buying: Legacy Reserves LP Unit (LGCY) Major Shareholder Buys $251,000.00 in Stock (FairFieldCurrent.com)
Legacy Reserves LP Unit (NASDAQ:LGCY) major shareholder Baines Creek Capital, Llc purchased 50,000 shares of Legacy Reserves LP Unit stock in a transaction that occurred on Friday, October 12th. The stock was acquired at an average cost of $5.02 per share, with a total value of $251,000.00. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Insider Buying: Nuverra Environmental Solutions Inc (NES) Major Shareholder Purchases $3,747,776.00 in Stock (PressOracle.com)
Nuverra Environmental Solutions Inc (NYSEAMERICAN:NES) major shareholder Gates Capital Management, L.P. acquired 377,800 shares of Nuverra Environmental Solutions stock in a transaction on Thursday, October 11th. The stock was acquired at an average cost of $9.92 per share, for a total transaction of $3,747,776.00. The purchase was disclosed in a filing with the SEC.
Insider Buying: Edgewater Technology Inc. (NASDAQ:EDGW) Director Acquires 40,665 Shares of Stock (XNewsPress.com)
Edgewater Technology Inc. (NASDAQ:EDGW) Director Frederick D. Disanto bought 40,665 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were purchased at an average cost of $5.16 per share, with a total value of $209,831.40. The purchase was disclosed in a legal filing with the SEC.
Insider Selling: Arista Networks Inc (ANET) SVP Sells $2,521,640.00 in Stock (WeekHerald.com)
Arista Networks Inc (NYSE:ANET) SVP Kenneth Duda sold 11,000 shares of the business’s stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $229.24, for a total value of $2,521,640.00. Following the completion of the sale, the senior vice president now directly owns 2,664 shares in the company, valued at $610,695.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Buying: Conagra Brands Inc (CAG) Insider Purchases $499,986.00 in Stock (BaseBallDailyDigest.com)
Conagra Brands Inc (NYSE:CAG) insider Sean Connolly acquired 14,184 shares of the stock in a transaction on Friday, October 12th. The stock was purchased at an average cost of $35.25 per share, with a total value of $499,986.00. Following the transaction, the insider now directly owns 217,607 shares of the company’s stock, valued at $7,670,646.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
