3D Systems Corporation (DDD), SAIC, Inc. (SAI): Here’s What This Billion-Dollar Market Wizard Has Been Buying

Sirius XM Radio has grown large and profitable, sporting more than 25-million subscribers, more than $3 billion in annual revenue, and revenue and earnings growth at double-digit rates. It’s not without competition, though — not only from Pandora, but also from Apple, and even CC Media. The company has struck a deal with AT&T, but AT&T may turn out to be more of a rival. Growing auto sales bode well for Sirius, as its radios are embedded in many vehicles. It recently refinanced a lot of debt at a lower rate, and has been aggressively buying back shares. It has a clever plan to try to reengage former subscribers, too.

Finally, Tudor Investment’s biggest closed positions included call options on the iShares Russell 2000 ETF, and the Financial Sector SPDR ETF. Other closed positions of interest include Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI). Spectrum’s stock has averaged annual gains of 41% over the past five years, but is down by almost a third in the past year. Sales of its colorectal cancer drug, Fusilev, haven’t been as strong as hoped for, and other formulations have disappointed, too. When the company lowered its projections a few months ago, the heavily shorted stock dropped sharply. Still, Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) has other drugs in its pipeline, and has been growing by acquisition, too, for example buying Allos Therapeutics (and its lymphoma drug, Folotyn), and Talon Therapeutics, which focuses on cancer and hematology and has the FDA-approved leukemia drug, Mariqbo. Spectrum has also secured rights for the bladder-cancer drug apaziquone.

The article Here’s What This Billion-Dollar Market Wizard Has Been Buying originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Apple. The Motley Fool recommends 3D Systems, Apple, Ellie Mae, and Pandora Media. The Motley Fool owns shares of 3D Systems, Apple, Ellie Mae, and U.S. Silica Holdings and has the following options: short January 2014 $36 calls on 3D Systems and short January 2014 $20 puts on 3D Systems.

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