Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Firebird Management’s Q1 2019 Investor Letter

Firebird Management is an NYC-based hedge fund that was co-founded in 1994 by Harvey Sawikin and  Ian Hague. The fund prefers investing in emerging markets, with a special interest in the former Soviet Union and infrastructure and coal mining sectors. Harvey Sawikin is the fund’s Principal, and he is also a lead manager of Firebird’s Eastern Europe and Russia funds. He graduated from Columbia University (Magna Cum Laude) and Harvard Law School (Cum Laude). Recently, Firebird released its Q1 2019 Investor Letter, a copy of which you can track down below. In the letter, among other things, the fund reported about its portfolio update, which included selling out its position in Chipotle (CMG) and two new additions.

“Dear friend of Firebird U.S. Value Fund,

The biggest positive contributor in the quarter was Tegna(TGNA), which reported 2018 results showing a 46% increase in political advertising compared to the last mid term election cycle (2014) and eight consecutive months of increases in paid subscribers. As we predicted in our Q2 2018letter, sustained growth in subscribers represents an inflection point and is shifting the market perception of the company from one that is in steady decline to one that is growing. We look for these inflection points because they often lead to significant multiple expansion.”

You can download a copy of Firbird Management’s Q1 2019 Investor Letter here:

Firebird Management 2019 Q1 Letter

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.