Editor’s Note: NetApp Inc. (NASDAQ:NTAP)
Evangelical Immigration Table using George Soros money to reward lawbreaking (RenewAmerica)
USA Today ran a feature piece yesterday touting a $400,000 radio ad campaign by the Evangelical Immigration Table. The ads will air in 56 congressional districts, mostly on Christian radio stations, and will urge Christians to appeal to their congressmen to open our borders to any and all. What most Christians do not know is that the EIT is using George Soros money to fund its efforts. Most evangelicals would rightly be suspicious that anything Soros is financing is going to be in the best interests of America. The EIT has spent $1 million overall so far, most of it from Mr. Soros and his socialist buddies.
UPDATE 1-ThyssenKrupp talks with hedge funds on share issue -sources (Reuters)
German steelmaker ThyssenKrupp, which has said it risks breaching loan covenants, is in talks with hedge funds to persuade them to buy into an issue of new shares, two people familiar with the matter said. CEO Hiesinger said last week the group could seek cash from shareholders even before it sells Steel Americas if customers grew too concerned about ThyssenKrupp’s finances. Funds overseen by George Soros and by John Paulson were named by Manager Magazin as having been contacted. Other investors who could be interested include David Einhorn’s Greenlight Capital, York Capital as well as Andreas Holvorsen’s Viking Global Investors, according to the magazine.
NetApp Inc. (NTAP) Giving Gains To George Soros & These Guys (Insider Monkey)
IT giant NetApp Inc. (NASDAQ:NTAP) doesn’t really get the respect it deserves, at least from the general public. Here’s a stock that’s up over 24% year-to-date, and with a market cap near $15B, it’s not exactly small either. While most financial journalists focus their analyses on the HP’s and Oracle’s of this space, NetApp keeps chugging along. Hedge funds sure love this stock, and it may be this group of investors that have driven most of the stock’s gains this year. Out of the hedge funds we follow, Elliott Management, managed by Paul Singer, holds the most valuable position in NetApp Inc. (NASDAQ:NTAP). Elliott Management has a $578 million position in the stock, comprising 11.1% of its 13F portfolio.
Fund Profile – George Soros and his latest best yielding stock purchases (Opalesque)
George Soros is a very active Trader. He bought 59 new companies, around 30 percent of his total assets. Half of his latest big stock purchases pay a dividend. The most important changes were made within the technology and cyclical consumer goods sector. He changed assets in this category with impact to his portfolio of around 8.7 percent or net 7.4 percent. Also important areas where he put money in were communication services and defensive consumer stocks.
In Business – Bloomberg’s Rich List — George Soros (Bloomberg India)
Star Stock Pickers Harder Than Ever To Find (IndexUniverse.com)
Peter Lynch, George Soros and Bill Miller are some of the best active equity fund managers the market has seen, and to a certain degree, they also seem to be a disappearing breed. Active equity managers who become household names on the heels of stellar year-after-year outperformance are harder and harder to find these days. Lynch is famous as the stock investor who took the Fidelity Magellan Fund from its small beginnings in 1977 to $14 billion in assets by 1990, all the while beating the S&P 500 Index in 11 of those 13 years. Soros, meanwhile, is known in part for running the Quantum Fund for nearly 20 years, which generated an average annual return of more than 30 percent under his watch.