5 Best Stocks to Buy According to CAS Investment Partners

2. At Home Group Inc. (NYSE:HOME)

Net Gains: 300%

Together with its subsidiaries, At Home Group Inc. (NYSE:HOME) owns and operates home decor superstores. Its product portfolio includes furniture, garden décor, home textiles, rugs, and well décor. CAS Investment Partners confirmed a 17.72% stake in the company worth $80.28 million in the third quarter of 2019.

The hedge fund held the stock until it was the subject of a proposed takeover of a private equity firm as parry of a 37-a-share deal that valued the company at $2.4 billion. The hedge fund opposed the deal, insisting it undervalued it as it grew at an impressive rate as strong housing demand fuelled demand for its home décor. CAS insisted a $70 a share price was a reasonable takeover price.

CAS Investment Partners’ June quarter of 2021 investment portfolio held 11.08 million At Home Group Inc. (NYSE:HOME) shares which were worth $408.14 million and constituted 17.36% of the portfolio. The deal closed in July 2021, and the company’s stock ceased trading. By the time the company became private, the share price had increased by more than 300% from when CAS investment Partners Acquired stakes.

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