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Marshall Hargrave's  Instablog

Marshall Hargrave
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Former registered investment adviser rep and current entrepreneur. Now running an equity research company. Affinity for activist campaigns and targeted stocks.
My blog:
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  • Billionaire Nelson Peltz Makes His Moves: Family Dollar (FDO), Ingersoll-Rand (IR) And More 0 comments
    Mar 29, 2013 4:51 PM | about stocks: FDO, IR

     

    Be sure to check out our detailed stock analysis (click here). Billionaire Nelson Peltz runs the activist hedge fund Train Partners, a $5 billion hedge fund that is heavily concentrated in a select number of stocks. His latest "big win" came when fellow billionaire Warren Buffett announced that he was taking over H.J. Heinz, a stock that Train had a 5.4% stake in. Pletz's Train Partners made a few keys moves last quarter and also maintains big bets on discount retail and industrials (check out Peltz's top picks).

     

    The only stock that Train sold shares of last quarter was State Street Corporation (NYSE:STT), a 66% reduction in shares owned. The stock is already up 25% year to date and might be getting a head of itself. The low interest rate environment should continue to show weakness in State Street's net interest margin, and its top line revenue is being pressured due to declining trading revenue. As well, the bottom line is not expected to be stellar either, with the company's profitability expected to be impacted by various financial regulations (read about State Street's stress test).

    READ THE REST AT STOCKPUCKER

    Stocks: FDO, IR
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