Yahoo! Inc. (YHOO), Virgin Media Inc. (VMED): Here’s What This 758% Gainer Has Been Buying

Finally, Third Point’s biggest closed positions included Tesoro Corporation (NYSE:TSO) and Morgan Stanley (NYSE:MS). Other closed positions of interest include Herbalife Ltd. (NYSE:HLF) and Abbott Laboratories (NYSE:ABT). Herbalife has some high-profile critics, such as David Einhorn of Greenlight Capital and Bill Ackman of Pershing Square Capital Management, though others, such as Carl Icahn, have been buyers. The company has been reporting solid results, with its first quarter featuring revenue up 17%, net profit up 10%, and expectations for double-digit, near-term growth. Some worry about its multilevel-marketing strategy, but those who believe and are patient can collect a dividend yield near 2.5%.

Meanwhile, Abbott Laboratories (NYSE:ABT) is now focused on medical, diagnostic, and nutritional products. Its first-quarter results were solid, with the nutrition division especially strong, particularly in emerging markets. Its devices business was less strong, but it has just had a new stent approved. Wall Street analysts such as David Roman of Goldman Sachs have upped the company’s rating recently.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This 758% Gainer Has Been Buying originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, has no position in any stocks mentioned. The Motley Fool recommends Tibco Software Inc. (NASDAQ:TIBX) and has the following options: long Jan. 2014 $50 calls on Herbalife Ltd. (NYSE:HLF).

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