Was Joseph Samuels’s Islet Management Right About These 5 Stocks?

In this article, we discuss the top 5 stock picks of Joseph Samuels’s Islet Management as of the end of the second quarter of 2021 and assess their performance over the past 12 months. If you want to read our detailed analysis of the hedge fund, its investment philosophy, and hedge fund performance, go directly to Was Joseph Samuels’s Islet Management Right About These 10 Stocks?

5. XPO Logistics, Inc. (NYSE:XPO)

Islet Management’s Stake Value: $42,132,000 

Stock performance over the past 12 months through November 27: -16%

XPO Logistics, Inc. (NYSE:XPO) is one of the world’s top 10 global logistics providers. The Greenwich, Connecticut-based company is in the business of providing less-than-truckload (LTL) and truck brokerage services in 18 countries through 744 locations and 40,000 employees.

In September, Patrick Tyler Brown at Raymond James maintained an Outperform rating on the stock but lowered the price target from $155 to $100 to reflect the impact of the GXO Logistics spin-off.

Adestella Investment Management emphasized its views on XPO Logistics, Inc. (NYSE:XPO) in its Q4 2020 investor letter. Here’s what the firm said:

“XPO Logistics (XPO) – the XPO thesis was very simple, but it proved very successful. As the stock irrationally sold off in the spring and made only a tepid recovery in the following months, we were able to buy into a well-operated business with plenty of growth drivers at a compelling price. Sentiment surrounding the company improved thanks to a strong earnings, the resumption of asset sale plans that had been shelved in the spring, and the announcement of a spinoff to unlock the SOTP value. As the stock approached our estimate of a $115 fair value, we exited with more than a clean double from our cost basis.”