Here’s an update on the third quarter 2013 sells made by Wilbur Ross
of Invesco Private Capital
. His portfolio currently lists 10 stocks and a total value of $942 million with a quarter-over-quarter turnover of 0%. Guru Ross made no new buys in the third quarter. His average return over 12 months is 21.5%.
Since the end of second quarter, Wilbur Ross
has reduced or sold only four companies, including Callidus Software Inc. (CALD
), a sales and marketing cloud software company. Callidus reported financial results for the third quarter of 2013 with revenue of $30.7 million, a 28% increase over the same quarter a year ago. Callidus reported a net loss in third quarter of ($1.4 million), translating to ($0.04) per share. The company also had a net loss in the same quarter of 2012 at ($6.4 million). According to a GuruFocus InsiderSell alert, two top executives at Callidus
made large reductions this week. Continue Reading »