Amvona

Lemelson Capital Management Again Ranks Among World’s Top Performing Hedge Funds

Lemelson-Capital-Management  Logo - resized to 220 pxActivist Positions in World Wrestling Entertainment (WWE) and Kulicke and Soffa Industries (KLIC) Fuel Gains

 

Marlborough, MA, May 27, 2014—Lemelson Capital Management, LLC, a private investment management firm, today announced that The Amvona Fund, LP  has again been ranked by Barron's as one of the world's top performing hedge funds for April 2014.  It represents the third time in eight months that Barron's monthly performance rankings of global hedge funds has included The Amvona Fund among the world's top performers.  This designation follows the magazine previously ranking the fund as the top performing hedge fund for July and October 2013.

  • Read 11561 times
Read more...

Shares of WWE crash 44% - now down 63% since publication of Lemelson Capital Short Call

Lemelson-Capital-Management  Logo - resized to 220 pxOn March 17th, 2014 Lemelson Capital published “The Short Case for World Wrestling Entertainment”. At the time the shares were trading at 30.37.

The report stated that fair value for the shares was between $8.25 and $11.88 per share.

As of today, less than 60 days later, the shares are trading at $11.33 (and as low as $10.50) per share – a decline of some 63-65%.

  • Read 4344 times
Read more...

Lemelson Capital featured in USA Today Again

USA Today 

USA todayOn April 22nd, 2014 Lemelson Capital was featured in USA Today for a second time in less than two weeks - crediting the firm with the 10% surge (~100 M in market cap) in share price of Kulicke and Soffa industries (NASDAQ: KLIC) and reiterating the firms March 17th, 2014 short call that resulted in a ~ 800 Million drop in market cap. of World Wrestling Entertainment (NYSE: WWE).

  • Read 4895 times
Read more...

Lemelson Capital Management announces stake in Kulicke and Soffa Industries, delivers letter to management and board members urging immediate share repurchase

Lemelson-Capital-Management  Logo - resized to 220 px

Southborough, MA, April 22, 2014—Lemelson Capital, LLC, a private investment management firm, today announced that it has taken a significant equity position in Kulicke & Soffa Industries (NASDAQ:KLIC), a global leader in the design and manufacture of semiconductor and LED assembly equipment.


Lemelson Capital’s acquisition reflects the firm’s view that shares of the company remain dramatically undervalued.


Lemelson Capital also announced today that it is urging K&S to initiate a share repurchase plan and has delivered the following letter to the company’s management team, board of directors and other stakeholders.

 

  • Read 16163 times
Read more...

Lemelson Capital Reaffirms Short Call on World Wrestling Entertainment (WWE)

SOUTHBOROUGH, Mass., April 9, 2014 -- Lemelson Capital, LLC, a private investment management firm, today is reiterating its "sell" position on the common stock of World Wrestling Entertainment (NYSE: WWE).


This guidance follows Lemelson Capital's earlier March 17, 2014 sell position on the stock. Since then, WWE has experienced a substantial correction, falling 26.8 percent, from a $30.37 March 17, 2014 close to $22.21 yesterday.

  • Read 6998 times
Read more...

Update: The Short Case for World Wrestling Entertainment

Shares of World Wrestling Entertainment (WWE) fairly priced between $8.25 and $11.88.

On March 17th, 2014 Amvona published Lemelson Capital Managements investment thesis "The Short Case for World Wrestling Entertainment".

The shares have lost approximately 26% of their value in the 16 trading days since publication. On April 7th, 2014 ValueWalk published "Amvona Short Call Sends WWE Tumbling" stating:

  • Read 11173 times
Read more...

The Short Case for World Wrestling Entertainment

The business World Wrestling Entertainment (WWE) is engaged in is sport or show (or maybe both) designed to manufacture emotions - to this end, the shows are replete with the kind of drama that apparently opens wallets.

If the production of emotions however is transferred to the investing public and elicits the same visceral response to the stock as it does to the company's events, then there ought to be significant reason for caution on the long side, for sound investment policy has nothing to do with emotions.

  • Read 69316 times
Read more...

Update: American Greetings Corp. and the Triple “W”

graph imageOn January 5th, 2012 Amvona published the article American Greetings Corp. and the Triple “W”.  The thesis was comprised of two primary components:

a) The value and impact of the stock repurchases the company had made and would be making.
b) An appraisal of the real value of the company’s tangible assets.

The following is the price performance one year later of the two purchase made in the shares at the time.

  • Read 11834 times
Read more...

Apple’s Crime and Punishment

buy-panic-sell-buttonsPreface:  Given the large number of articles available online that outline virtually every conceivable method of analyzing the quantitative factors of AAPL, the following aims instead to approach the subject from the more subjective, human aspect.

“Pain and foolishness lead to great bliss and complete knowledge, for Eternal Wisdom created nothing under the sun in vain.”

- Kahlil Gibran

  • Read 17150 times
Read more...

Is Western Digital an Ideal Acquisition Target?

*May The Lord rest the souls of those who have departed in the destruction caused by Hurricane Sandy, and console their loved ones.

MBAsOn October 22nd, 2012 Western Digital Corp. released their Q1 2013 financial results.  Here are a few key points that are worth noting:

Valuation Ratios:  The cheapest Company in America?

"Citigroup‘s Joe Yoo today cut his ratings on hard drive and storage technology developers Seagate Technology (STX) and Western Digital (WDC) to Sell from Buy, writing that there is a chance of 25% downside to current estimates for the companies this quarter given what may be drastically lower volume of drive shipments.  Yoo cut his Seagate target to $25 from $37, and cut his Western Digital target to $32 from $53. …For Western, his estimates go to $15.3 billion and $9.99 in EPS from a prior $15.84 billion and $10.68 per share."

STX, WDC Cut to Sell at Citi; Estimates Too High Amidst PC Slowdown (Tech Trader Daily, Oct. 12th, 2012)

  • Read 7828 times
Read more...

Another look at the Low Cost Building Blocks of Storage

Shares of Western Digital (WDC) were sold for investors accounts on August 13th, 2012 at $44.  As of close of market on Friday Oct. 19th, the shares were being traded for a mere 34.88.  A decline of a full $9.12 or almost 21% in barely 9 weeks.  Is the value of the company really less than it was, when the shares recently traded at $44?

 

wdc chart 10-22-2012

  • Read 23595 times
Read more...

Buying glass and other problems with interventions

intervention - royal tenenbaumsOn April 25th, 2012 Amvona published the article "Corning from another perspective”.  On May 2nd shares of Corning (GLW) were sold for investors accounts at $14.49 per share - a return of about ~13% in just over 4 months, or almost 38% annualized.  The shares were not sold because it was thought that they were overvalued, rather it was to free up capital for the growing position in Western Digital (WDC) later discussed in the follow up article "Update: Western Digital Discusses Q4 2012 Results”.

  • Read 9223 times
Read more...

Don't
Hesitate To
Contact Us

 

145 Pine Haven Shores Road
Suite 2293
Shelburne, VT 05482

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


Copyright © 2019 Amvona