A European shipbroker by profession, in his spare time Mr. Di Carmine is a value investor managing his own portfolio. He's a long term value investor in companies whose spot market value deeply underrates either their normalized earning power or their equity fair value. Mr. Di Carmine therefore looks for: 1) low Price to Earnings or Price to Book stocks, 2) turnaround plays, 3) companies with good historical profitability track records tainted by temporary, solvable problems or cyclical downturn of their industry, or 4) companies with business model or wide moat position supporting the payment of a solid dividend. Visit his site: Value Investor Blog (http://valueinvestorblog.blogspot.com/)
Lambros Papaeconomou is the Director of NYFEX Equity Research (formerly known as NYFEX Asset Management LLC), an independent equity research practice specializing in the shipping industry. Lambros has over 20 years of work experience in the shipping industry, having worked for Maritime Overseas Corporation, Southern Star Shipping Co., & Mallory Jones Lynch Flynn & Associates. Lambros studied Naval Architecture & Marine Engineering at the National Technical University of Athens. He holds an MBA from the University of California at Berkeley, and is certified as a CPA by the State of Illinois.
Management at Annaly will occasionally express their thoughts and opinions on specific issues and events in the financial markets through monthly commentaries and white papers. Annaly Salvos is a venue for expressing occasional thoughts and opinions on issues and events in the financial markets.
Blog posts, commentaries and white papers are for informational purposes only, and should not be construed as an offer to sell, nor a solicitation of an offer to buy, any securities of Annaly Capital Management, Inc. or any other company.
Annaly manages assets on behalf of institutional and individual investors worldwide. Annaly’s principal business objective is to generate net income for distribution to investors from its Investment Securities and from dividends Annaly receives from its subsidiaries. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”).
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Todd Sullivan is a Massachusetts-based value investor and Co-Founder and General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his original thesis. His blog features his various ideas and general commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain's NY and others. He has also appeared on Fox Business News and is a RealMoney.com contributor. Visit his sites: ValuePlays (http://valueplays.net/) , Rand Strategic Partners (http://randstrategicpartners.com)
A European shipbroker by profession, in his spare time Mr. Di Carmine is a value investor managing his own portfolio. He's a long term value investor in companies whose spot market value deeply underrates either their normalized earning power or their equity fair value.
Mr. Di Carmine therefore looks for: 1) low Price to Earnings or Price to Book stocks, 2) turnaround plays, 3) companies with good historical profitability track records tainted by temporary, solvable problems or cyclical downturn of their industry, or 4) companies with business model or wide moat position supporting the payment of a solid dividend.
Visit his site: Value Investor Blog (http://valueinvestorblog.blogspot.com/)
Tom Brown became one of the most respected Wall Street analysts of financial-services stocks in the 1980s and 1990s, working at Smith Barney, PaineWebber and Donaldson Lufkin & Jenrette. In 1998, he joined hedge-fund manager Julian Robertson, heading Tiger Management's North American financial-services group. In 2000, he formed Second Curve Capital, a $550-million-in-assets hedge fund that invests exclusively in financial-services stocks. Brown's original fund, Second Curve Partners, has generated a 20% yearly return, net of fees, since its May 2000 start.
Visit his site: www.Bankstocks.com
Whitney Tilson is the founder and Managing Partner of Kase Capital Management, which manages three value-oriented hedge funds. Mr. Tilson is also the co-founder of Value Investor Insight, an investment newsletter.
Mr. Tilson has co-authored two books, The Art of Value Investing: How the World's Best Investors Beat the Market (2013) and More Mortgage Meltdown: 6 Ways to Profit in These Bad Times (2009), was one of the authors of Poor Charlie’s Almanack, the definitive book on Berkshire Hathaway Vice Chairman Charlie Munger, and has written for Forbes, the Financial Times, Kiplinger’s, the Motley Fool and TheStreet.com. He was featured in two 60 Minutes segments in December 2008 about the housing crisis (which won an Emmy) and in March 2015 about Lumber Liquidators. He served for two years on the Board of Directors of Cutter & Buck, which designs and markets upscale sportswear, until the company was sold in early 2007.
Mr. Tilson received an MBA with High Distinction from the Harvard Business School, where he was elected a Baker Scholar (top 5% of class), and graduated magna cum laude from Harvard College, with a bachelor’s degree in Government.
Mr. Tilson spent much of his childhood in Tanzania and Nicaragua (his parents are both educators, were among the first couples to meet and marry in the Peace Corps, and have retired in Kenya). Consequently, Mr. Tilson is involved with a number of charities focused on education reform and Africa. For his philanthropic work, he received the 2008 John C. Whitehead Social Enterprise Award from the Harvard Business School Club of Greater New York. He is a member and past Chairman of the Manhattan chapter of the Young Presidents’ Organization. Mr. Tilson lives in Manhattan with his wife and three teenage daughters.
Value Investor Insight (http://www.valueinvestorinsight.com/) is an investment newsletter created by money manager Whitney Tilson and media executive John Heins. Value Investor Insight has a straightforward goal: To deliver the highest-quality investment ideas, analysis and insight to professional and sophisticated investors. At the core of Value Investor Insight is the philosophy of the true value investor: buy something only for less than its intrinsic worth.