Lemelson Capital Management announces 10 percent stake in Geospace Technologies (NASDAQ: GEOS), urges immediate share repurchase
Firm reiterates near-term intrinsic value at $38 per share
Marlborough, MA, December 1, 2017—Lemelson Capital Management, LLC, a private investment management firm, announced today it has acquired, for its flagship Amvona Fund, LP, a stake of approximately 10 percent in shares of Geospace Technologies (NASDAQ: GEOS), a global leader in the design and manufacture of instruments and equipment used by the oil and gas industry. In addition, it is urging the company to initiate an immediate share repurchase plan.
Rev. Fr. Emmanuel Lemelson speaks to global business and political leaders at the Caux Round Table at the Wittenberg Center for Global Ethics about Theosis in the Orthodox Church, his per personal life experiences, including as an activist investor, a Christian philosophy of investment and being a witness for Christ.
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Listen to Fr. Emmanuel live on November 10, 2017 discussing an update on The Amvona Fund, LP's recent investments in the retail sector.
“…honestly, I thought it [Hibbet Sports] was one of the best value investments we had come across in the last seven years… we loaded-up substantially… we bought a huge block of shares between $9.40 per share and $9.50 per share, I couldn’t believe it, the price”
“some of the things people are saying about them [Hibbett] are not really rational, like saying, ‘it’s too little too late for their ecommerce’… why would you bet that they’re not going to benefit from having an ecommerce business? I think they’re going to do their omni-channel business extremely well… it’s an incredibly well-run business, I think it’s going to be a home-run for us… we already have a very significant rate of return…”
Interview includes an update on the fund's stakes in:
Commentary includes discussion of Amazon (NASDAQ: AMZN) and it's recent purchase of WholeFoods Market, implications for Costco Wholesale (NASDAQ: COST) as well as an extensive discussion of regulatory and accounting abuses in the pharmaceutical industry.
Fr. Emmanuel Lemelson, founder and president of the Lantern Foundation and CIO of Lemelson Capital Management, LLC speaks to Global Investors and Business Leaders at the Berkshire Hathaway Annual Meeting in Omaha, NE on May 5, 2017
Listen to Fr. Emmanuel live discussing The Amvona Fund, LP and his recent letter to US Senate. Interview includes extensive discussion of the the fund's significant short stake in shares of Domino's Pizza (NYSE: DPZ).
St. Katherine Orthodox Chapel – 3D rendering with accurate topography and location of trees. Dome will be alternating Gold and Silver sections. Chapel will be located on 28 pristine acres between the Worcester Mountain range and Mount Mansfield in Stowe, VT. Synthesis of traditional Byzantine Architecture with local Adirondack ethos.
St. Katherine Orthodox chapel – major updates and changes to concept in collaboration with of CJK Design Group and their incredible team. Chapel will be located on 28 pristine acres between the Worcester Mountain range and Mount Mansfield in Stowe, VT. Synthesis of traditional Byzantine Architecture with local Adirondack ethos.
Americans are appropriately and understandably responding to last Sunday’s Islamic terror strike in Orlando, which took dozens of innocent lives, with profound grief and a sense of stabbing darkness. As is said in Orthodox Christian memorial services, may their memory be eternal.
Lemelson discusses the risks associated with investing in Alibaba (NYSE: BABA) in January 2015 (17 months before the SEC announces investigation into firm). Discussion includes descrepencies between the firm's reported shipping figures and carrier capacities as well as commentary on the risks of investing in IPO's in general, particularly Chinese IPO's. Shares of Alibaba traded around ~$100 per share at the time.