5 Best Stocks to Buy According to Charles Paquelet’s Skylands Capital

This article discusses Skylands Capital’s top 5 stock picks at the end of March 2022. If you want to know about the fund’s history, its investment strategy and recent performance, please also read 10 Best Stocks to Buy According to Charles Paquelet’s Skylands Capital.

5. General Motors Company (NYSE:GM)

Skylands Capital’s  Stake Value: $27,946,000

Percentage of Skylands Capital’s 13F Portfolio: 4.09%

Number of Hedge Fund Holders(Q1): 76

Though Skylands Capital increased its stake in General Motors Company (NYSE:GM) by 6% during the second quarter, GM remained the fund’s fifth-largest holding at the end of that period. General Motors Company (NYSE:GM) has been trying to increase its portfolio of Electric vehicles(EV) over the past few years.

To ensure a continuing supply of lithium, which is heavily used in EV batteries and has witnessed an exponential rise in demand over the past few years, General Motors Company (NYSE:GM) recently signed a deal with Livent Corporation (NYSE:LTHM). According to the terms of the agreement, General Motors Company (NYSE:GM) will get a 6-year guaranteed supply of lithium by prepaying Livent Corporation (NYSE:LTHM) $198 million.

General Motors Company (NYSE:GM) recently raised $2.25 billion in debt through two debt offerings. It raised $1 billion through senior unsecured notes yielding 5.4% due in 2029 and another $1.25 billion through unsecured notes yielding 5.6% due in 2032. The company plans to use the proceeds from these offerings to finance or refinance the projects it has mentioned under its Sustainable Finance Framework.