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

Alexander Roepers Discusses 3 Companies

Another speaker at the Sohn Canada conference was Alexander Roepers, the manager of Atlantic Investment Management. One of the companies mentioned by Mr. Roepers was Owens-Illinois Inc (NYSE:OI), which was the largest holding in terms of value in the fund’s latest 13F. Moreover, in September, Atlantic upped its stake to 11 million shares from 9.4 million shares held at the end of June. In this way, the investor currently holds an activist stake that amasses 6.7% of Owens-Illinois Inc (NYSE:OI). Mr. Roepers said that Owens-Illinois Inc (NYSE:OI)’s stock might reach $45 per share within the next year, which is a significant premium over the current price.

The next company that Mr. Roepers pitched was Triumph Group Inc (NYSE:TGI), which also was the second-largest holding in Atlantic Investment Management’s last 13F filing, the stake containing 3.5 million shares at the end of June. For Triumph Group Inc (NYSE:TGI), Mr. Roepers’ price target amounts to $100 for the next two years.

Harman International Industries Inc./DE/ (NYSE:HAR) was the third company mentioned by the manager of Atlantic. The fund owns 2.27 million shares as of the end of the second quarter, the position being the third-largest in the equity portfolio. The investor has a price target of $124 for Harman International Industries Inc./DE/ (NYSE:HAR) and added that the company has a large market share in the car audio segment.