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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC... More
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  • Barron’s Summary May 28, 2011  0 comments
    May 31, 2011 9:21 AM | about stocks: AMZN, FL, MOS, NTAP, PSMT, TJX, YHOO

    HedgeFundLIVE.com

    ·         Greece – Barron’s recommends a 50% haircut to Greek debt and urges policymakers to take action immediately.  Otherwise the country’s economy will continue to shrink and the consequences will only become more dire.  A 50% haircut now will avoid larger restructurings later.

    ·         Europe – a Greek debt restructuring would be painful but not catastrophic; Athens will prob. receive a maturity extension first and then a haircut in a couple yrs.  Portugal will prob. require a similar action.  The rest of the peripheral economies will prob. be able to muddle through.  The ECB will have to hit up its members for more capital.

    ·         TJX – the stock could top $60 in the 12 months as int’l expansion is stepped up and HomeGoods is grown further.

    ·         ECF Value Fund – interview – positive on Nortek (NTKS), FTK, CPRT, DDE.

    ·         PSMT – positive comments on the “Costco of the Caribbean” – growth is rising strongly; the co has a small store base w/a lot of opportunities ahead of it.  Margins and growth are faster than its US peers.

    ·         NTAP – pos. comments; says is an inexpensive play on the cloud (says RAX, CRM are expensive). 

    ·         4G wireless – investors are focused on stocks involved in 4G wireless, inc. AGO, NETL, and SQNS.

    ·         AMZN – the co will prob. become a larger force in the publishing industry.

    ·         YHOO – cautious comments; the stock is fully valued at current levels; talk w/Yahoo Japan on monetization are far from being completed; meanwhile there is added political risk w/Alibaba.

    ·         MOS – pos. long-term comments; valuation is cheap and the co has a robust balance sheet.  Many of the downside risks seem priced into the stock.  MOS could become a takeover candidate.

    ·         Ryanair – pos. comments; payments for new aircraft will fall substantially in ’13 and as a result cash flow will spike.  The co could earn 40% of its market cap in free cash flow in the next three years.  The co could start raising ticket prices.

    ·         Platinum, palladium – pos. comments on both; as the global auto industry starts to improve manufacturing, both metals could benefit.

    ·         FL – pos. comments; the stock could pull back a bit in the near-term but has upside to $30+ eventually.

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