11 Best Casino and Betting Stocks to Buy Now
Our website is all about identifying and following smart investors. One of these smart investors is IAC’s Barry Diller. Diller has been buying undervalued assets/websites, nurturing and growing them, spinning out them at large valuations, and delivering huge returns to IAC’s shareholders over the years. This August IAC spun out dating website Match.com (MTCH) and invested $1 billion in MGM Resorts International. Here is what Diller said at the time in a press release:
“Over the last few months we’ve accumulated a 12% interest in MGM Resorts International (“MGM”) for an aggregate of approximately $1 billion. Investors reading that prior sentence may be surprised by some, or quite possibly all, of its components. First, we accumulated a large minority position in a public company, which is not our usual methodology. Second, the securities we purchased are common equity securities, the exact same securities that any investor wi
Wasatch Micro Cap Fund’s Q3 2020 Investor Letter
Wasatch Micro Cap Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 12.2% for the quarter, outperforming its benchmark, the Russell Microcap Index which returned 3.69% in the same quarter. You should check out Wasatch’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
Published on December 24, 2020 at 2:29 am by Inan Dogan, PhD
Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He launched his hedge fund in 1956 with $105,100 in seed capital. Back then they weren’t called hedge funds, they were called “partnerships”. Warren Buffett took 25% of all returns in excess of 6 percent.
Is Open Lending Corp (LPRO) a Smart Long-term Buy?
Wasatch Micro Cap Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 12.2% for the quarter, outperforming its benchmark, the Russell Microcap Index which returned 3.69% in the same quarter. You should check out Wasatch’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Wasatch highlighted a few stocks and Open Lending Corp (NASDAQ:LPRO) is one of them. Open Lending Corp (NASDAQ:LPRO) provides automated lending services to financial institutions. Year-to-date, Open Lending Corp (NASDAQ:LPRO) stock gained 215.5% and on December 23rd it had a closing price of $33.25. Here is what Wasatch said: