Amvona

Lemelson Capital Management calls for Removal of Geospace Technologies (NASDAQ: GEOS) Senior Executives, Sale of Company

Lemelson Capital Management Logo resized to 220 px

Lemelson Capital Management calls for Removal of Geospace Technologies (NASDAQ: GEOS) Senior Executives, Sale of Company

Firm seeks public and transparent filings

Marlborough, MA, February 9, 2017—Lemelson Capital Management, LLC, a private investment management firm, announced today it is calling on the board of directors of Geospace Technologies (NASDAQ: GEOS) to remove CEO Rick Wheeler and CFO Thomas McEntire. In addition, it is urging the board to explore an immediate sale of the company. Geospace is a global leader in the design and manufacture of instruments and equipment used by the oil and gas industry.

The full letter can be found here

  • Read 385 times
Read more...

As major indexes plummet, listen to Fr. Emmanuel talk about the risk of a crash just one week earlier

Just one week before the Dow and othe rmajor US indexes plummet on February 2, 2018, listen to Fr. Emmanuel speaking to the crew of Benzinga TV on the risks of a stock market crash.  

 …I don’t think people are thinking about the price-value dislocations at all, they just think, no price is too high because tomorrow it will be higher and that’s a scary environment..."

- Fr. Emmanuel Lemelson, speaking to Benzinga TV on January 26, 2018

More from the interview:

“When everyone is jumping in, it’s just classic late stage, the history of US financial markets are cyclical, and you’d have to believe we’re not going to have a down-cycle at any time to buy-in at these prices… frankly the short side looks much better to me. You can almost see it in the sentiment of the average retail investor, when they really believe its easy, right? It’s easy to make money, you put your money in and you get a return and people stop caring about prices… 

When price is completely divorced from value in the mind of the average investor, and then you start to see things that are symptomatic of a bubble, like frantic speculation in things like bitcoin and crypto-currencies, these are all indications that we’ve entered a phase that’s not at all rational and it could end at any time, it could be any sort of event, there’s just no margin of safety in most issues out there right now, most things are fully priced, many things are off-the-charts priced, and I don’t think people are thinking about the price-value dislocations at all, they just think, no price is too high because tomorrow it will be higher and that’s a scary environment”

Watch the full interview below or click here.

 

  • Read 357 times
Read more...

Fr. Emmanuel speaks live to Benzinga TV from St. Katherine Orthodox Chapel

IMG 0520 copy

Listen to Fr. Emmanuel live on January 26, 2018 speaking to the crew of Benzinga TV from the construction site of St. Katherine Orthodox Chapel in Stowe, VT.

 …I just wanted to share with you a conversation, that I had  last week with one of our devoted listeners...and I asked her who is your favorite guest? and your name came up first..."

- Joel Elconin, host Benzinga TV

Interview includes Fr. Emmanuel's views on the market, macro-economic issues, and specifically the following securities:

  • Hibbett Sports (NASDAQ: HIBB)
  • Dicks Sporting Goods (NASDAQ: DICK)
  • The Oil and Gas Sector
  • Geospace Technologies (NASDAQ: GEOS)
  • CGG (NASDAQ: CGG)
  • ION Geophysical (NASDAQ: IO)
  • Apple (NASDAQ: AAPL)
  • Netflix (NASDAQ: NFLX)
  • Domino's Pizza (NYSE: DPZ)

Watch the full interview below or click here.

  • Read 596 times
Read more...

Lemelson Capital Management announces 10 percent stake in Geospace Technologies (NASDAQ: GEOS), urges immediate share repurchase

Lemelson Capital Management Logo resized to 220 px

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.

  • Read 905 times
Read more...

Listen to Fr. Emmanuel live discussing an update on The Amvona Fund, LP's recent investments as well as thoughts on the markets

Lemelson Capital Management Logo resized to 220 pxListen 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:

  • American Eagle Outfitters (NYSE: AEO)
  • Guess (NYSE: GES)
  • Express  (NYSE: EXPR) 
  • Hibbett Sports (NASDAQ: HIBB)
  • Domino's Pizza (NYSE: DPZ)

Commentary also includes an in-depth discussion of the market, macro-economic issues, and an update on the performance of the above commitments since the last interview on August 25, 2017.

Listen to the full interview here.

  • Read 987 times
Read more...

Listen to Fr. Emmanuel live discussing The Amvona Fund, LP's investments in the retail sector and more

Lemelson Capital Management Logo resized to 220 pxListen to Fr. Emmanuel live discussing The Amvona Fund, LP's recent investments in the retail sector.

Interview includes discussion of the fund's stakes in:

  • American Eagle Outfitters (NYSE: AEO)
  • Guess (NYSE: GES)
  • Express  (NYSE: EXPR) 
  • Hibbett Sports (NASDAQ: HIBB)
  • Domino's Pizza (NYSE: DPZ)

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. 

Listen to the full interview here.

  • Read 1279 times
Read more...

“Be very careful” Listen to Fr. Emmanuel discuss the risks at Alibaba 17 months before SEC announces investigation into firm

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.

  • Read 8707 times
Read more...

$100 Million Defamation Suit Filed against Bloomberg L.P., Reporter Matt Robinson and Editor Jesse Westbrook

$100 Million Defamation Suit Filed against Bloomberg L.P., Reporter Matt Robinson and Editor Jesse Westbrook

Marlborough, Mass., May 10, 2016— Bloomberg, L.P. and two Bloomberg employees, Jesse Westbrook, a Bloomberg editor, and Matt Robinson, a Bloomberg reporter, were sued today for defamation in Massachusetts Superior Court. The plaintiff, Father Emmanuel Lemelson, seeks $100 million in compensatory damages for defamation in a March 18, 2016 Bloomberg article by Robinson.

  • Read 4888 times
Read more...

Excerpt From The Amvona Fund, LP's 2015 Annual Report On Geospace Technologies

"Like all great investments, it requires patience. We've said from day one, we'd be happy if we realized we were right after two years. We're about eight or nine months into that… we're just going to keep buying for the next four or five months and hopefully we'll get 10 percent of the company."

Benzinga PreMarket Prep Show, June 5, 2015[1]

  • Read 4458 times
Read more...

Don't
Hesitate To
Contact Us

 

225 Cedar Hill Street Suite #200 Marlborough MA 01752 USA

Feel free to email us. We would be happy to answer any questions you might have.