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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

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

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!