Amgen, Inc. (AMGN), VCA Inc (WOOF), Cheniere Energy, Inc. (LNG) Among Stocks Pitched at Robin Hood Conference

Larry Robbins Likes VCA Inc (NASDAQ:WOOF) and Community Health Systems (NYSE:CYH)

Another speaker who presented his “Best Idea” during the conference is Larry Robbins, the head of Glenview Capital Management. Mr. Robbins also said during an interview with Bloomberg TV that housing-related companies will grow in the near future as millennials will start “growing up” and moving out from their parents’ homes and start their own families. Moreover, the manager of Glenview recommended buying several stocks, such as Community Health Systems (NYSE:CYH) and pet-services company VCA Inc (NASDAQ:WOOF), as well as stocks related to the housing business.

About Community Health Systems (NYSE:CYH), Mr. Robbins said during the interview that it is a company that has conducted many acquisitions of individual hospitals over the years, including the purchase of Health Management Associates in 2013. The acquisiton of HMA will soon pay-off in form of synergies for Community Health Systems (NYSE:CYH), which makes the stock an attractive investment at the moment. Glenview is the largest shareholder of Community Health Systems among the funds that we track, holding over 12 million shares as of the end of the second quarter.

Mr. Robbins said that he likes VCA Inc (NASDAQ:WOOF) because the number of pet hospitals has contracted during and after the financial crisis from 2008-2009 and in the last couple of years it has been moderately recovering. The investor owns a significant position in VCA Inc (NASDAQ:WOOF), which amasses some 8.8 million shares, while Ricky Sandler’s Eminence Capital holds approximately 5.2 million shares, as of the end of June. Both funds raised their exposure to the company during the second quarter, with Glenview boosting its stake by almost a five-fold, while Eminence only inched it up by 7%.