1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
matsandalex
matsandalex
Articles (245) 

Top Seth Klarman Holding, ELOS Rockets Up 20%

February 16, 2011 | About:

Value investor Seth Klarman, watched one of his long term holdings soar in value today as Syneron Medical (NASDAQ:ELOS) advanced over 20% after posting strong earnings. Klarman is Portfolio Manager of the investment partnership The Baupost Group and manages over $7 billion.

Baupost owns only a handful of stocks yet Syneron Medical has been a long term holding since 2006.

Syneron Medical reported surging international sales international sales that grew 20 percent to $35.3 million, while North American revenue climbed about 6 percent to $18.2 million.

As of December 31, 2010 Baupost owned 15,000,000 shares of ELOS and almost 5% of the entire company. Unfortunately for Baupost, Klarman trimmed his stake in ELOS in Q4 2010 by 596,235 shares.

Despite the recent surge in ELOS stock, it has still been a losing position for Baupost.

Klarman initiated holdings in Syneron Medical in 2006 with purchase prices between $19.61 and $29.94. On February 16, 2011, ELOS closed at $14.10.

Syneron Medical "develops and markets medical products based on its various technologies including its Electro-Optical Synergy (NASDAQ:ELOS) technology, which uses the synergy between electrical energy, including radiofrequency (RF) energy, and optical energy. The Company’s products focus on an array of non-invasive medical procedures." Google Finance


Rating: 4.0/5 (8 votes)

Comments

David Pinsen
David Pinsen - 4 years ago
Still below the price it was when I bought it in 2008 ($15.20), and even further below the prices Klarman paid for it. I dumped this one a couple of years ago.

Please leave your comment:


GuruFocus Mobile App Available


Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK