Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

Page 12 of 13

Jody Lanasa Pitches Fortress Investment and Kodak

Fortress Investment Group LLC (NYSE:FIG)

Jody Lanasa of Serengeti Asset Management mentioned Fortress Investment Group LLC (NYSE:FIG) and Eastman Kodak Co. (NYSE:KODK), two companies that Serengeti owns in its equity portfolio. Serengeti owns 8.1 million shares of Fortress Investment Group LLC (NYSE:FIG) and Mr. Lanasa considers that the stock is worth at least $10, which is significantly above the current price. Regarding Eastman Kodak Co. (NYSE:KODK), Mr. Lanasa said that it is a company that has a lot of hidden value that investors don’t see over the declines in revenue and the recent bankruptcy. However, Eastman Kodak Co. (NYSE:KODK) owns several thousand patents, which are worth billions of dollars and has some other assets such as property. With these factors taken into account, Mr. Lanasa considers that Kodak si worth around $59 per share. Serengeti holds 2.50 million shares of the company, according to its latest 13F filing.

Page 12 of 13