Yahoo! Inc. (YHOO), Bank of America Corp (BAC): Secretive ‘Vulture’ Investor Focusing On These 4 Companies

Last but not least is Louisiana-Pacific Corporation (NYSE:LPX) in which Alden is the number three holder of stock with 3.28 million shares; see the entire hedge fund industry’s interest.  As a manufacturer of building products, Louisiana-Pacific Corporation (NYSE:LPX) has been underpinned by demand for lumber and building material from foreign buyers.  And although demand is still below historic levels, industry experts expect that the consumption of lumber should increase 10-15% over the next three years as the housing market enters a “long, upward cycle”.  For the most recent quarter reported, Louisiana-Pacific Corporation (NYSE:LPX) had a very strong earnings report as net income improved from -$181 million to +$29 million.  As a result, EPS moved into positive territory, $0.20, from a $1.36 loss Q3 of 2012.  LPX is up 124% from a year ago.

Final thoughts

Although the banking stocks could hinder the performance of the portfolio for the Q2 of 2013, there are enough standouts of the top four multi-quarter bets to balance out any short-term weaknesses in certain sectors likely to be undermined by sluggish economic data and weak earnings.  The portfolio is evenly balanced among all sectors to provide cushioning in the event that certain sectors continue to underperform.

Disclosure: none