TOP STOCKS FOR 2019

TOP STOCKS

FOR 2019

DISCLAIMER

SumZero is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to

provide investment advice. There is no requirement that any of our Information Providers be registered

investment advisors or broker-dealers. Nothing published or made available by or through SumZero should

be considered personalized investment advice, investment services or a solicitation to BUY, SELL, or HOLD

any securities or other investments mentioned by SumZero or the Information Providers. Never invest based

purely on our publication or information, which is provided on an ¡°as is¡± basis without representations.

Past performance is not indicative of future results. YOU SHOULD VERIFY ALL CLAIMS, DO YOUR OWN

DUE DILIGENCE AND/OR SEEK YOUR OWN PROFESSIONAL ADVISOR AND CONSIDER THE INVESTMENT

OBJECTIVES AND RISKS AND YOUR OWN NEEDS AND GOALS BEFORE INVESTING IN ANY SECURITIES

MENTIONED. INVESTMENT DOES NOT GUARANTEE A POSITIVE RETURN AS STOCKS ARE SUBJECT TO

MARKET RISKS, INCLUDING THE POTENTIAL LOSS OF PRINCIPAL. You further acknowledge that SumZero,

the Information Providers or their respective affiliates, employers, employees, officers, members, managers

and directors, may or may not hold positions in one or more of the securities in the Information and

may trade at any time, without notification to you, based on the information they are providing and will

not necessarily disclose this information to subscribers, nor the time the positions in the securities were

acquired. You confirm that you have read and understand, and agree to, our full disclaimer and terms of

use, a copy of which can be accessed by clicking here and that neither SumZero nor any of its Information

Providers is in any way responsible for any investment losses you may incur under any circumstances.

All content and material within in this document is the exclusive intellectual property of SumZero, Inc., and

may not be reproduced without the prior written permission of SumZero, Inc.

WWW.

2

ABOUT THE

TOP STOCKS

CHALLENGE

The ideas featured within this report were selected as the

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

15 Winners and Finalists of the 3rd Top Stocks Challenge,

an annual investment research competition hosted

ORIGINALITY

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.

WWW.

3

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

WWW.

4

SPECIAL SITUATIONS

Special situation opportunities with a tangible trigger event.

Potential catalysts include bankruptcy, spin-offs, litigation,

regulatory changes, etc.

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download