Leon Cooperman of Omega filed a 13G on March 14th after amassing 9.6 million shares, a roughly 5.4% ownership in Polycom (NASDAQ:PLCM). The stock jumped 5% that day on the announcement taking it barely into positive territory for the year after a horrific 2012 that saw the stock drop 36%. Omega joins other top Polycom holders Maverick, Coatue, and AQR. What has changed to warrant an investment in this big 2012 underperformer? Polycom exhibits all the characteristics of a stock that has bottomed and is poised to outperform: (1) strong valuation support with 40% of market cap in cash, (2) numbers upside in 2013 as revenue and margins have bottomed, (3) rejuvenated product portfolio along with a...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|