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Morning Coffee: Real-Time Picks

June 10, 2014 | About:
Chris Mydlo

Chris Mydlo

41 followers

This morning we are going to take a look at the latest Real-Time Picks from the gurus:

George Soros reduced his Exar Corp (EXAR) holding by 1.56 percent at the average price of $10.96 on 06/09/2014, as reported in the latest insider filings by George Soros (Trades, Portfolio). He owns 4,719,395 shares, about 9.7 percent of the shares outstanding.

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He has been slowly reducing his position in Exar over the past year. The fabless semiconductor company is engaged in the design, development and marketing of high performance analog and mixed-signal integrated circuits and sub-system solutions for data and telecommunications, networking and storage, industrial control and consumer applications.

Market Cap: 523.74 million, P/E: 70.80

Business Predictability: 1/5, Financial Strength: 7/10, Profitability & Growth: 3/10

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Carl Icahn added a new holding of 17,824,678 shares of Cadus Corp (KDUS) at the average price of $1.50 on 06/06/2014, as reported in the latest 13D filings by Carl Icahn (Trades, Portfolio). His shares represent 67.81 percent of the company. The company was previously engaged in the development and application of novel yeast-based and other drug discovery technologies. It has had no revenue since 2010. Currently Cadus is seeking opportunities to profit from purchasing land and residential homes for construction or renovation and resale in the state of Florida.

Market Cap: 19.72 million, P/E: N/A

Business Predictability: 1/5, Financial Strength: 9/10, Profitability & Growth: 2/10

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Caxton Associates added a new holding of 2,000,000 shares of Overseas Shipholding Group Inc. (OSGIQ) at the average price of $6.75 on 05/29/2014, as reported in the latest 13D filings by Caxton Associates (Trades, Portfolio). The new holding represents 6.52 percent of the outstanding shares. Overseas Shipholding is engaged primarily in the ocean transportation of crude oil and petroleum products. The company is currently in Chapter 11 bankruptcy. The stock is trading for $6.85, and therefore an estimate of what will be received by equity holders when the company comes out of bankruptcy according to public information.

Market Cap: 212.8 million, P/E: N/A

Business Predictability: 1/5, Financial Strength: 3/10, Profitability & Growth: 5/10

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Correction: Howard Marks purchased 802,772 shares of Catalyst Paper (CYT). He did not purchase Cytec Industries (CYT).

Howard Marks added a new holding of 802,772 shares of Cytec Industries Inc. (CYT) at the average price of $99.2 on 05/28/2014, as reported in the latest 13G filings by Howard Marks (Trades, Portfolio). The new holding represents about 2.2 percent of the shares outstanding. Howard Marks (Trades, Portfolio) is going against the grain and buying after gurus, such as David Tepper (Trades, Portfolio), Daniel Loeb (Trades, Portfolio), and Joel Greenblatt (Trades, Portfolio), have sold out of their positions. Cytec is a specialty materials company focused on developing, manufacturing and selling value-added products for aerospace and industrial materials, mining and plastics industries.

Market Cap: 3.56 billion, P/E: 19.50

Business Predictability: 1/5, Financial Strength: 5/10, Profitability & Growth: 5/10

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Mario Gabelli added 4.41 percent to his Beasley Broadcast Group Inc. (BBGI) holding at the average price of $6.18 on 06/05/2014, as reported in the latest 13D filings by Mario Gabelli (Trades, Portfolio). He owns 1,527,528 shares. His holding represents about 6.7 percent of the shares outstanding.

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The additional shares look like a rebalancing of the position. The stock has dropped over 30 percent since the beginning of April. In the recent past, he was selling as the stock went up. Beasley is a radio broadcasting company in the U.S. It owns and operates 44 radio stations in various markets.

Market Cap: 143.69 million, P/E: 14.50

Business Predictability: 1/5, Financial Strength: 6/10, Profitability & Growth: 7/10

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For the latest stock trades by Gurus, go to: Real Time Picks.


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