I highlighted Fortress Investment Group (FIG) back in April 2012 when I first purchased the shares for under $4 a share. I thought the shares were significantly undervalued and the stock also provided an over 5 percent yield for income investors as well. It has turned out to be one of my better calls and investments as the shares have shot to over $7 a share since then. However, I am still holding onto my Fortress stake as the shares are still cheap, the company is undervalued compared to peers and FIG still has further upside in my opinion.
Fortress Investment Group is a highly diversified global investment manager with over $55 billion of assets...
Only subscribers can access this article, which is part of the PRO research library covering 3,565 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: