NEW YORK and LONDON, April 4, 2013 /PRNewswire/ --
What's TSR's next big call? As the no.1 global research advisor to leading hedge funds on Special Situations & Corporate Spinoffs, a near +80% absolute return over 5 years*, the Conviction Buy List of either Parent and Spinoff stocks recommended to clients by The Spinoff Report (TSR) is delivering proven alpha research for major value oriented funds (albeit surprisingly low cost for c.100 ideas a year).
"GNE returning +70% since we added it [Nov 20 2012]; our full Spinoff analysis discovered the fundamental hidden values, the notable insider buying, what the CEO was doing to maximize his growing long-term stake, and ultimately the 'strategic advisory board' that includes an ex Vice President among other renowned investors," comments Ryan Mendy, of TSR.
So the stock is Genie Energy (GNE), New York's largest residential Energy Services Company (ESCO). GNE's an early Q4 2011 Spinoff from former US listed parent and notable Telco firm, IDT Corp. (IDT). As a current small cap, with relative volumes, GNE is ultimately an Oil Shale and outlook play. The sector has sprung alive since mid-2012. The lack of coverage and its market cap size creates a major headwind. Value investors might recognize this as an opportunity though, as according to TSR, "Overlooked by the Street to date, the stock has been rallying largely due to the sheer optimism of GNE discovering hydrocarbons from its significant newly awarded exploration rights in the Mediterranean region of Israel."
According to a recent leading Deloitte research study with TSR, Small Cap Spinoffs in this sector deliver some of the largest returns (i.e. sub $1bn, as with GNE) and go largely uncovered by brokers and index focused funds.
e.g. Brookfield (BAM,BPY,GGP), Time Warner (TWX), News Corporation (NWSA), Penn National Gaming (PENN), Murphy Oil (MUR), Autogrill SpA (AGL), PPR SA (PP), YIT Oyj (YTY1V), Siemens (SIE), Orascom (OCIC), and Valero Energy Corp. (VLO), to name a few. Enquire here for more.
5yr Track Record Performances / Absolute Returns*
+76% TSR's Recommendation Model Portfolio
+30% FTSE 250 UK Index
+20% Nasdaq Comp.
+3% S&P 500
0% FTSE 100
-3% HFRX Event Driven Index
-12% MSCI World Index
-40% STOXX Europe 50
*Dec 3, 2007 to Feb 28, 2013
For more details or to enquire, contact Ryan Mendy in New York on +1(212)714-7046.
SOURCE The Spinoff Report Ltd