Curreen Capital recently released its Q2 2021 Investor Letter, a copy of which you can download here. The fund posted a return of 1.4% for the quarter, underperforming their benchmark, the S&P 500 Index which returned 8.55% in the same quarter. You should check out Curreen Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
In the said letter, Curreen Capital highlighted a few stocks and American Outdoor Brands Inc. (NASDAQ:AOUT) is one of them. American Outdoor Brands Inc. (NASDAQ:AOUT) is a manufacturer of outdoor sporting accessories, firearms and other recreational products. Year-to-date, American Outdoor Brands Inc. (NASDAQ:AOUT) stock gained 50% and on September 29th it had a closing price of $25.50. Curreen Capital cared to mention American Outdoor Brands Inc. (NASDAQ:AOUT) in its investor letter, though they didn’t say why they really like the stock. All they said is this:
“American Outdoor builds brands in the firearms, hunting, and camping accessories markets. American Outdoor spun out of Smith & Wesson in August 2020. The business outpaces the competition, taking share in a large, fragmented and attractive market. Management reinvests free cash flow into growing the business.”
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Curreen Capital has been a long time American Outdoor Brands Inc. (NASDAQ:AOUT) bull. In January 2021, we shared Curreen Capital AOUT’s thesis in this article.
Our calculations showed that American Outdoor Brands Inc. (NASDAQ:AOUT) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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Disclosure: None. This article is originally published at Insider Monkey.
