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Amvona publishes critical articles on Faith, Investing, Economics and Technology. The Finding Alpha category of Amvona profiles investments made, including case studies, economic discussion and explanations of the investment rationales. more at: http://www.amvona.com/about-us
My company:
Lemelson Capital Management, LLC
My blog:
Amvona
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  • Lemelson Capital Covered In Financial Media, Again – Releases May 2014 Results

    Lemelson-Capital-Management Logo - resized to 220 pxLemelson Capital received further coverage this week inSeekingAlpha market currents, Evestment, Hedge Fund Group (HFG), HedgeCo.net and other mainstream and financial media.

    LCM also released its May 2014 results with a 22.26% (16.29% net) YTD showing against 4.97% for the benchmark S & P 500 Total return index, which includes dividends.

    From inception in September 2012 through May 2014 (21 months) - The Amvona Fund, LP has returned a Compounded Annual Gain of 85.15% (58.51% net) and an Overall Gain of 193.65% (123.90% net).

    Annual and Interim reports are available at www.lemelsoncapital.com

    Discolsure:

    The performance data represents the performance of The Amvona Fund LP (the "Fund"). The net return results reflect the deduction of: (i) a quarterly asset management fee of 0.25%, payable in advance; (ii) a quarterly performance allocation of 25%, subject to a high-water mark and a 6% annualized hurdle rate; and (ii) all other transaction fees and expenses incurred by investors in the Fund. During the time period shown, the Fund used only those investment strategies disclosed in the Fund's Private Placement Memorandum, and there were no material market or economic conditions that affected the results portrayed. Results are compared to the S&P 500 for informational purposes only. The Fund's investment program does not mirror the S&P 500 and the volatility of the Fund's investment program may be materially different from the volatility of the S&P 500. The performance figures include the reinvestment of any dividends and other earnings, as appropriate. Past performance is not necessarily indicative of future results. All investments involve risk, including the potential loss of principal.

    Jun 14 8:52 AM | Link | Comment!
  • Lemelson Capital Management Again Ranks Among World's Top Performing Hedge Funds

    Lemelson-Capital-Management Logo - resized to 220 pxActivist Positions in World Wrestling Entertainment (WWE) and Kulicke and Soffa Industries (KLIC) Fuel Gains

    Marlborough, MA, May 27, 2014-Lemelson Capital Management, LLC, a private investment management firm, today announced that The Amvona Fund, LP has again been ranked by Barron's as one of the world's top performing hedge funds for April 2014. It represents the third time in eight months that Barron's monthly performance rankings of global hedge funds has included The Amvona Fund among the world's top performers. This designation follows the magazine previously ranking the fund as the top performing hedge fund for July and October 2013.

    Fueling Lemelson Capital's performance in April 2014 were long positions in Apple (NASDAQ: AAPL), which the firm bought aggressively from March 2013 through July 2013, and Kulicke and Soffa Industries (NASDAQ:KLIC). Leading short positions of the fund included World Wrestling Entertainment (NYSE:WWE), which Lemelson Capital subsequently began buying on May 16, 2014 after WWE had fallen 63.1% since the firm first issued a short call on the stock on March 17, 2014.

    Throughout April 2014, these positions helped drive Lemelson's industry-leading performance. Long positions in AAPL and KLIC grew 9.9% and 16.7% respectively for the month. The firm's short position in WWE continued to pay off with an additional -32.5% percent correction during April 2014 alone.

    "Despite a consistent rise in general market prices over the last five years, price-value dislocations are still available to the serious analyst and continue to offer the promise of better than average returns," said Emmanuel Lemelson, the fund's manager. "Further, buying into truly great American enterprises, even at prices that more or less reflect fair value today will undoubtedly prove superior investments in the long run," he added.

    Lemelson Capital's activist positions in WWE and KLIC have received considerable media attention in recent months:

    Following Lemelson Capital's March 17, 2014 short call on WWE and its subsequent 63.1% correction, Lemelson Capital announced on May 16, 2014 that it had initiated a long position in the stock. The firm simultaneously called on WWE's Board of Directors to replace the company's executive management team, or pursue a sale of the company, following multiple years of declining profitability and material misstatements. Since Lemelson Capital's May 16 call for changes in WWE's executive management, the former Attorney General of Louisiana as well as two other law firms have launched investigations into whether WWE has violated federal or state laws with its statements and projections about the company's anticipated performance.

    On April 22, 2014, Lemelson Capital announced that it had taken a significant stake in shares of Kulicke and Soffa Industries (KLIC) and released a letter to the company's CEO strongly urging it to begin repurchasing shares of its stock, which Lemelson Capital said were substantially undervalued. On news of Lemelson Capital's long position in KLIC and share repurchase recommendation, shares of KLIC surged 10 percent.

    About Lemelson Capital Management

    Lemelson Capital Management, LLC is a private investment management firm focused on deep value and special situation investments. For more information, see:http://www.lemelsoncapital.com/

    Tags: WWE, KLIC, AAPL
    Jun 14 8:51 AM | Link | Comment!
  • Shares Of WWE Crash 44% - Now Down 63% Since Publication Of Lemelson Capital Short Call

    Lemelson-Capital-Management Logo - resized to 220 pxOn March 17th, 2014 Lemelson Capital published "The Short Case for World Wrestling Entertainment". At the time the shares were trading at 30.37.

    The report stated that fair value for the shares was between $8.25 and $11.88 per share.

    As of today, less than 60 days later, the shares are trading at $11.33 (and as low as $10.50) per share - a decline of some 63-65%.

    Jun 14 8:48 AM | Link | Comment!
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