Cognizant Technology Solutions Corp (CTSH), Mead Johnson Nutrition CO (MJN): Billionaire Stephen Mandel Likes These Bulls

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We’ve also tracked insider buying activity at Dollar Tree, Inc. (NASDAQ:DLTR) in the past few months, another stock which appears on the fund’s 13F. In what has been a tough environment for many other discount retailers, Dollar Tree recorded 8% sales growth in its most recent quarter compared to the same period in the previous fiscal year with profits growth of 15%. Its beta of 0.1 is also lower than that of many larger peers. However, as with other dollar stores markets expect considerably more future earnings growth than at, say, Wal-Mart Stores, Inc. (NYSE:WMT); the trailing and forward P/Es are 19 and 16 respectively.

Liberty Media Corp (NASDAQ:LMCA) also satisfies our criteria of a stock recently bought by insiders and owned by Lone Pine. Mandel isn’t the only Tiger Cub who likes Liberty Media: Tiger Global, whose co-founders include billionaire Chase Coleman, owned 3.8 million shares of the stock at the end of the quarter (research more stocks Tiger Global owns). The company’s media and entertainment assets include the Atlanta Braves, a stake in Sirius XM Radio Inc (NASDAQ:SIRI), and the production of TV content. While it is valued at 46 times forward earnings estimates, the sell-side is highly bullish on future results and as a result the five-year PEG ratio is in fact less than 1.

Disclosure: I own no shares of any stocks mentioned in this article.

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