The GuruFocus Value Idea Contest has brought together some formidable investors since it restarted in October. Some of the ideas submitted have gone up 37%, 44% and higher. Today, we announce that two have risen more than 100% since they were published, meaning we already have two winners!
Congratulations to Bram de Haas for his entry on jewelry maker Charles & Colvard Ltd. (CTHR, Financial), which more than doubled after he pitched it in November. Read Bram’s thesis on the company here and a follow-up piece he wrote here.
Congratulations also to Carlos Moreno. On Friday, the stock of Hong Kong beauty company Perfect Shape Medical (HKSE:01830, Financial) reached a price 105% higher than when he pitched it on Oct. 30. Read Moreno’s contest piece here.
Both entrants will receive $1,000, respectively, in addition to the $100 all qualifying entries receive.
The GuruFocus Value Contest can have unlimited winners, so don’t forget to submit your stock idea today. Qualifying stocks that double within 12 months win $1,000. We already have about 41 ideas in the running. Read about all of the value stocks the investors believe have strong upside at our contest articles page here.
We post an update of where all the stocks in the contest stand almost every month. In June, Sino Biopharmaceutical (HKSE:01177, Financial), Cara Therapeutics Inc. (CARA, Financial) and Perfect Shape Medical were in the lead. Sino Biopharmaceutical had gained 44%, Cara Therapeutics increased 63% and Perfect Shape at that time was up 57%. With the stock market, however, things can change at any time, and we don’t know which will be the next to double.
It has been great to read our community’s smart thinking and analysis of different companies through the Value Idea Contest. We, and your fellow investors, look forward to seeing your idea today!
