Jason Karp Hates MannKind Corporation (MNKD), Likes NCR Corporation, Ctrip.com International, Ltd. (ADR) (CTRP)

According to CNBC, Tourbillon Capital’s Jason Karp is betting on a decline of MannKind Corporation (NASDAQ:MNKD) shares. “Only in a frothy, retail-driven (and now Tweet-driven) market can a stock like MannKind exist with a $4.3 BILLION valuation and in our view no clear prospects of revenue… While Exubera has previewed what will happen with Afrezza, the market has had a way of ignoring this drug’s past failures until it actually launches…When and if this happens, we believe that MannKind will ultimately trade down 90% to a value around $500 million or $1/share. ” the letter said.

Jason Karp is bearish on MannKind Corporation (NASDAQ:MNKD) but he recently shared two long-term long investment ideas in two different investment conferences. The first stock he likes is NCR Corporation (NYSE:NCR). He held a $90 million call option on NCR shares at the end of March. NCR shares haven’t moved since his presentation, so you can follow his best idea without paying him anything.

“So my pitch today is NCR Corporation (NYSE:NCR). Most people think of this as the old National Cash Register company. This company is over 100 years old. Most people think of it as an ATM company that is just in the hardware business. In fact, most of NCR Corporation (NYSE:NCR) today is driven by their software business. And our contention is that this is in fact a rapidly growing software company inside of a cheap hardware company that no one’s really paying attention to. Our target price is up roughly 150% from here over the next 3 years,” said Jason Karp.

The second stock he is very bullish about is Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP). Tiger cubs Stephen Mandel, Philippe Laffont, and Lee Ainslie initiated brand new positions in the stock during the first quarter. This stock is up around 30% since Karp’s presentation at the Ira Sohn Conference. Based on his predictions, it isn’t too late to monkey his bet on Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP). “This is one of the best, highest probability growth names on the planet over the next decade. It’s a $7.5 billion company with $800 million in cash. It has an excellent management team. We actually think the long-term target on this stock next couple of years is a 3 to 4 bagger, so this is a big idea,” said Jason Karp.

 

Advertisement: Please send us an email to learn how you can read the transcripts of Jason Karp’s presentations on NCR Corporation (NYSE:NCR) and Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP). You can check out the list of other hedge funds investing in these two stocks by clicking their ticker symbols.

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 Click to see monthly returns in table format!

Lists

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

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!