TOP STOCKS FOR 2019 - sumzero-prod.s3.amazonaws.com
TOP STOCKS FOR 2019
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ABOUT THE TOP STOCKS CHALLENGE
The ideas featured within this report were selected as the 15 Winners and Finalists of the 3rd Top Stocks Challenge, an annual investment research competition hosted by SumZero, a global platform of nearly 17K buyside investment professionals.
SumZero members are investment professionals working at hedge funds, private equity funds, mutual funds, and family offices or are investment professionals with substantial prior fund experience. The complete research history of individuals featured in this report, as well as bios, and work history can be found on the SumZero database.
The 95 submissions entered into this year's Challenge were independently assessed and voted on by a panel of 25 senior fund professionals and asset allocators. The following, multi-factor criteria was utilized to determine the Winners:
VALIDITY OF THE THESIS
STRENGTH OF THE SUPPORTING ARGUMENT
FEASIBILITY OF THE TRADE
ORIGINALITY
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TABLE OF CONTENTS
SPECIAL SITUATIONS ................................................................................................................ 5 WINNER: ECHOSTAR CORP A (SATS:US) BY NITIN SACHETI ........................................................ 6 FINALIST: ECN CAPITAL CORP (ECN:CN) BY ADRIAN WARNER .................................................. 12 FINALIST: EXELIXIS INC COM (EXEL:US) BY ERIC GREGG .......................................................... 22
MICRO CAPS ............................................................................................................................... 30 WINNER: ROADRUNNER TRANSPORTATION SY (RRTS:US) BY HYUNG CHOI ............................. 31 FINALIST: MAJESTIC WINE PLC (WINE:LN) BY BRAD HATHAWAY ............................................. 42 FINALIST: XLMEDIA PLC ORD (XLM:LN) BY ANDREAS HENNES ................................................. 52
SMALL CAPS ............................................................................................................................... 58 WINNER: APHRIA INC (APHQF:US) BY GABRIEL GREGO ........................................................... 59 FINALIST: TRUPANION INC COM (TRUP:US) BY JOSEPH FRANKENFIELD .................................. 77 FINALIST: TAILORED BRANDS INC COM (TLRD:US) BY R. J. RHODES ........................................ 93
MID CAPS ...................................................................................................................................100 WINNER: BURFORD CAPITAL LTD ORD (BUR:LN) BY ARTEM FOKIN ......................................... 101 FINALIST: METRO BANK PLC ORD (MTRO:LN) BY BENJAMIN PINKAS ....................................... 117 FINALIST: SLM CORP (SLM:US) BY ROGELIO REA ..................................................................... 123
LARGE CAPS ............................................................................................................................. 133 WINNER: FACEBOOK INC CL A (FB:US) BY JOHN HUBER ......................................................... 134 FINALIST: SK HYNIX INC (000660:KS) BY VASU KASIBHOTLA ................................................. 141 FINALIST: LIBERTY GLOBAL PLC A (LBTYA:US) BY TOLULOPE BUKOLA .................................. 150
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SPECIAL SITUATIONS
Special situation opportunities with a tangible trigger event. Potential catalysts include bankruptcy, spin-offs, litigation, regulatory changes, etc.
WINNER
SPECIAL SITUATIONS
Nitin Sacheti
Portfolio Manager at Papyrus Capital
BADGES:
Echostar Corp
Asset: Equity Idea Posted: 12/20/18
Symbol: SATS:US Idea Updated: 12/25/18
RETURN TO DATE:
12.94%
EXPECTED RETURN:
366.01%
LONG
ATTACHMENTS
TIMEFRAME 2-5 Years
SITUATION Event / Spec. Sit
MARKET CAP 1.7B USD
Best IP in the satellite space at 3.5x EBITDA on core business with additional free options worth more than the current EV
About NAibtoinutSMaocrghaentHi ousel
Prior to founding Papyrus Capital, Nitin was a Senior Analyst with Equity Contribution at Charter Bridge Capital where he managed the firm's investments in the technology, media, and telecom sectors. Nitin was also responsible for select consumer investments. Prior to Charter Bridge, Nitin was a Senior Analyst at Cobalt Capital where he focused on technology, media and telecom investments. Nitin has 12 years of buy-side experience, having begun his investment career in 2006 at Ampere Capital Management, a consumer, media, telecom and technology focused investment firm, initially as a Junior Analyst, rising to Assistant Portfolio Manager. Nitin graduated from the University of Chicago with a BA in Economics and was a visiting undergraduate student in Economics at Harvard University.
About Papyrus Capital
Papyrus Capital is an investment adviser focused on compounding partner capital by investing in mispriced public securities, mostly equities, with an emphasis on intrinsic value generation over time.
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