Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Fortress Investment Group Still Has Significant Upside

Fortress Investment Group (NYSE:FIG) is a NYC based investment manager with a little under $60B in assets under management (or AUM) spread across credit investments, equities and fixed income, and private firms owned by the firm's private equity group. Fortress took a considerable hit during the recession, and its stock paid the price. This year has proved to be a great one for the company though with the stock advancing from less than $5 a share at the start of the year to around $8 a share today. Despite this monster run, I think FIG has a further 40% upside over the next year. This upside is anchored by a forward P/E of less than 10X for FY...

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