Actavis plc (NYSE:ACT), Citigroup Inc (NYSE:C): Leon Cooperman at Delivering Alpha Conference: A Preview of Some Possible Stock Picks

The 4th Annual Delivering Alpha Conference will start tomorrow, July 16, in New York City, featuring various prominent figures from the finance world. The lineup includes Secretary of the Treasury Jack Lew, who will be interviewed by CNBC’s Jim Cramer; Ken Griffin; Carl Icahn; John Paulson; Larry Robbins; Michael Novogratz; and, Jeffrey Smith; amongst others. However, the one that woke the interest of this writer is Leon Cooperman of Omega Advisors, who made a widely-reminded recommendations, like that for Apple Inc. (NASDAQ:AAPL)’s stock back in the 2011 edition; the one for QUALCOMM, Inc. (NASDAQ:QCOM), in 2013; and the one for SandRidge Energy Inc. (NYSE:SD), also last year. Check out a list of returns for recommendations made at Delivering Alpha Conference here.

Unlike other money-managers that present a few stock pitches at Delivering Alpha Conference, Mr. Cooperman usually presents equity portfolios with ten stocks from different sectors of the market. His picks from last year outperformed the S&P 500 (INDEXSP:.INX), which delivered about 17% over the past year, so you might figure why his pitches for this year are anxiously expected.

Leon Cooperman Omega Advisors

In an Investors Letter sent out in late-April, Mr. Cooperman recommended a few stocks, some of which he might endorse –once again- in the Delivering Alpha Conference, impacting on their stock price going forward. So let’s take a look at Mr. Cooperman’s picks in order to elucidate if any of them deserve further research and could be considered as attractive investment options.

The hedge fund manager recommended the following stocks:

- Actavis plc (NYSE:ACT), in account of its “diverse portfolio of long-duration assets (…); its merger with Warner-Chilcott last year and the recently announced merger with Forest Labs (…);” and a highly compelling valuation (Investors Letter). Actavis plc (NYSE:ACT)’s stock price rose about 7.5% since the letter was released.

- Citigroup Inc (NYSE:C), which has returned 1.9% since late-April. The reason behind the endorsement is Citigroup Inc (NYSE:C)’s attractive risk-reward profile. Omega Advisors expects that Citigroup Inc (NYSE:C) “can trade to $60, the equivalent of tangible book value, by year-end 2014 as management continues to show progress on restructuring plans and while emerging market credit statistics remain benign” (Investors Letter).

- France-based Kering (EPA:KER), mainly due to its appealing valuation and expected growth driven by Gucci. The stock has already returned 4% since the letter was sent out.

- Time Warner Cable Inc (NYSE:TWC), up 6.8% since the letter. Mr. Cooperman believes that the acquisition of its larger peer, Comcast Corporation (NASDAQ:CMCSA), will bode well for Time Warner Cable Inc (NYSE:TWC)’s future.

- Tribune Company (OTCMKTS:TRBAA), an $8.2 billion market cap media and entertainment company that carries several growth catalyst including the upcoming spinoff of its newspaper business, recent TV stations purchases, and stakes in a cable TV network and two online classified advertising companies, amongst others.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!