After filing chapter 11 bankruptcy this week, GT Advanced Technologies Inc (NASDAQ:GTAT) made it clear that it might pursue legal claims against Apple Inc (NASDAQ:AAPL) while undergoing bankruptcy. The company further indicated that it would move back to its sapphire furnaces business instead of manufacturing Sapphire products for the iPhone maker. The announcement that Apple…
China Yuchai International Limited (CYD), UTStarcom Holdings Corp (UTSI), Trina Solar Limited (ADR) (TSL): Top Stock Holdings of Shah Capital Management
Shah Capital Management has a current market value of $107 million with and China Yuchai International Limited (NYSE:CYD), UTStarcom Holdings Corp (NASDAQ:UTSI), Trina Solar Limited (ADR) (NYSE:TSL) as it top stock holdings, as per its recent SEC 13F filing on October 7, 2014. The top 10 holdings of the hedge fund form 97.85% of its…
Greenbrier Companies Inc (GBX), Spirit Airlines Incorporated (SAVE), Snap-on Incorporated (SNA): Top Stock Holdings of Copper Rock Capital Partners
Copper Rock Capital Partners is a hedge fund with its primary focus on small cap investing and Greenbrier Companies Inc (NYSE:GBX), Spirit Airlines Incorporated (NASDAQ:SAVE), Snap-on Incorporated (NYSE:SNA) are the three largest stock holdings of this fund. It has a market value of $916 million, as per its recent SEC 13F filing dated October 7,…
Anadarko Petroleum Corporation (APC), Exxon Mobil Corporation (XOM), Johnson & Johnson (JNJ): Top Stock Holdings of Woodstock Corp
Woodstock Corp has a current portfolio value of $519 million with Anadarko Petroleum Corporation (NYSE:APC), Exxon Mobil Corporation (NYSE:XOM), Johnson & Johnson (NYSE:JNJ) being its top three stock holdings, as per its recent SEC 13F filing on October 6, 2014. Woodstock Corp was founded in 1929 in Boston, Massachusetts and its top 10 stock holdings…
Softbank Corp (USA) (SFTBF), Pain Therapeutics, Inc. (PTIE), Liberty Global plc – Class C Ordinary Shares (LBTYK): Top Stock Holdings of Madison Street Partners
Madison Street Partners was founded in the year 2004 with its primary focus to invest in undervalued and overlooked firms in the market. It has a 13F portfolio value of $160 million at the end of third quarter of 2014, according to its recent SEC 13F filing on October 6, 2014. Softbank Corp (USA) (OTCMKTS:SFTBF),…
Exxon Mobil Corporation (XOM) Bags $1.6 Billion Settlement Claim Against Venezuela Government
It was an excellent week for the petroleum giant Exxon Mobil Corporation (NYSE:XOM), as it won $1.6 billion in settlement claims against the Venezuela Government for seizing its assets back in 2007. ICSID, International Centre for Settlement of Investment Disputes, announced its judgement in favor of the company for its investment in the Cerro Negro…
PepsiCo, Inc. (PEP) Reports Third Quarter 2014 Results, Increases Profit Outlook for the fiscal
PepsiCo, Inc. (NYSE:PEP) increased its profit outlook for 2014 after releasing its third quarter 2014 financial results. The results are better than the market expectation with growth in net revenue as well as core gross margins of the company. PepsiCo announced net revenues of $17.21 billion for third quarter 2014 with an operating profit of…
Nomura Reiterates Buy Rating for Facebook Inc (FB) and Google Inc (GOOGL) Amid Advertising Landscape Shift to Digital
Anthony DiClemente, Nomura, reiterated the ratings to Buy for both Google Inc (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB). DiClemente further improved his target price for Facebook to $90 from the existing $87. DiClemente was positive about the performance and strategic upgrades of both the company during the third quarter. He further added, “we continue to hear…
Apple Inc (AAPL)’s CEO Receives letter From Icahn, Says Apple Shares Sell at Half-Price
Icahn Capital LP’s owner and billionaire investor Carl Icahn wrote a letter to Apple Inc (NASDAQ:AAPL)’s CEO saying that the shares of the company are undervalued and are selling at half of their justified price. In his letter to Tim Cook, Apple CEO, Icahn appreciated the management for their recent product success and increasing gross…
GT Advanced Technologies Inc (GTAT)’s Bankruptcy Stunned Apple Inc (AAPL) and Investors Alike
GT Advanced Technologies Inc (NASDAQ:GTAT) took the whole market including its Arizona sapphire plant partner, Apple Inc (NASDAQ:AAPL), with surprise after filing for bankruptcy on October 6. The stocks of the company lost 90% value post the announcement wiping out its existing market cap within a day. GT Advanced Technologies Inc (NASDAQ:GTAT) filed for chapter…