(GuruFocus, November 11, 2009) there has been an “Invest for Kids” conference in Chicago, featuring 11 well-known financiers. The conference aimed to raise $750,000 for five local child-welfare groups.
Ann Saphir had a good write-up for the event in www.chicagobusiness.com. Here are some excerpt from the article concerning Investment Gurus whom we track:
In addition, the article highlighted the view of real estate guru Sam Zell on commercial real estate. He thinks predictions of the commercial crash is “greatly exaggerated”.
Read the complete article
Ann Saphir had a good write-up for the event in www.chicagobusiness.com. Here are some excerpt from the article concerning Investment Gurus whom we track:
• John Rogers, who heads Chicago-based Ariel Investments LLC, picked three “favorites”: Hewitt Associates Inc., Jones Lang LaSalle and CBS.
• David Einhorn, the head of Greenlight Capital and best known for making profitable bets against Lehman Brothers before its bankruptcy last year, urged buying Vodafone Group PLC because, he said, none of the 40 analysts who cover the U.K. company realize the cash-flow potential of its stake in Verizon Wireless. Delta Lloyd, a Dutch life insurer, was his second pick.
• Richard Perry, who runs a $7-billion hedge fund and rarely speaks publicly, picked HeidelbergCement A.G. “The price of rock has never gone down,” he said. Mr. Perry also favors Humana Inc., calling the managed care company “a really attractive company at a ridiculously low multiple.”
• Lone Pine Capital’s Steve Mandel, whose fund owns shares in Chicago-area companies Baxter International Inc. and McDonald’s Corp., suggested buying the Monsanto Co. and Green Mountain Coffee Roasters Inc., both of which he believes are undervalued.
In addition, the article highlighted the view of real estate guru Sam Zell on commercial real estate. He thinks predictions of the commercial crash is “greatly exaggerated”.
Read the complete article
