QUALCOMM, Inc. (QCOM), 3D Systems Corporation (DDD): What Tiger Global Has Been Buying and Selling

Finally, Tiger Global’s biggest closed positions included Baidu.com and put options on Google. Other closed positions of interest include industrial 3-D printing company ExOne Co (NASDAQ:XONE) and Frontier Communications Corp (NASDAQ:FTR). ExOne Co (NASDAQ:XONE), with its forward P/E topping 100 and no current P/E due to negative earnings, doesn’t appear to be a bargain. Within the 3-D printing business, it differentiates itself in part by having printers that use sand and metal as raw materials (among other inputs) and not just plastic, as is the case with some rivals. In its second quarter, its revenue and earnings were disappointing, and management lowered its guidance. But my colleague Steve Symington has pointed out that it all wasn’t so bad. After all, revenue did nearly double! Bears worry about patent expirations, though, and remember that it’s still young and small: It sold just 13 printers in 2012.

Finally, there’s Frontier Communications Corp (NASDAQ:FTR), which is saddled with considerable debt but still yielding a whopping 9.3%. Most of its debt isn’t due for another year or two, however, so it’s focusing on investing in growth right now and is aiming to maintain its dividend. The company is shifting its focus from landline operations toward higher-margin businesses such as broadband and serving business customers. Its stock has been heavily shorted, with bears worrying about the sustainability of the dividend. Bulls point to its strong free cash flow, though, and its success in paying down debt, and they see it as undervalued.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What $6 Billion Tiger Global Has Been Buying and Selling 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 Qualcomm, Google, Intel, Baidu, and Priceline.com. The Motley Fool recommends 3D Systems, Baidu, ExOne, Google, Intel, and Priceline.com. It owns shares of 3D Systems, Baidu, ExOne, Google, Intel, Priceline.com, and Qualcomm 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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