White Falcon Capital Management LLC, an investment management firm, published its fourth quarter 2022 investor letter – a copy of which can be downloaded here. A quarterly net increase of 2.52% has been recorded by the fund for the fourth quarter of 2022, below the S&P 500 (CAD) Index’s 5.25% gain for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
In its Q3 2022 investor letter, White Falcon Capital Management mentioned Diversey Holdings, Ltd. (NASDAQ:DSEY) and explained its insights for the company. Founded in 1923, Diversey Holdings, Ltd. (NASDAQ:DSEY) is a Fort Mill, South Carolina-based cleaning and hygiene products provider with a $1.7 billion market capitalization. Diversey Holdings, Ltd. (NASDAQ:DSEY) delivered a 27.46% return since the beginning of the year, while its 12-month returns are down by -49.58%. The stock closed at $5.43 per share on January 20, 2023.
Here is what White Falcon Capital Management has to say about Diversey Holdings, Ltd. (NASDAQ:DSEY) in its Q3 2022 investor letter:
“Diversey Holdings is a provider of cleaning and hygiene products in the hospitality, healthcare, food and beverage, food service, retail, and facility management sectors. Their suite of solutions combines patented chemicals, dosing and dispensing equipment, cleaning machines, and services. Headquartered in the US, Diversey is a multinational serving more than 85,000 customers in over 80 countries with a network of 8,500 employees. It has a market capitalization of $1.4 bn, an EV of $3.2 bn and is 73% owned by Bain Capital. The company is currently trading at 10x depressed 2022A EBITDA or 7.0x normalized 2025E EBITDA.”
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Our calculations show that Diversey Holdings, Ltd. (NASDAQ:DSEY) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Diversey Holdings, Ltd. (NASDAQ:DSEY) was in 12 hedge fund portfolios at the end of the second quarter of 2022, compared to 12 funds in the previous quarter. Diversey Holdings, Ltd. (NASDAQ:DSEY) delivered a 11.04% return in the past 3 months.
In August 2022, we also shared another hedge fund’s views on Diversey Holdings, Ltd. (NASDAQ:DSEY) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q4 2022 page.
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Disclosure: None. This article is originally published at Insider Monkey.
