Further coverage from the 9th Annual Value Investing Congress continues now. Michael Castor, Sio Capital: is the next speaker today. The topic of the presentation is the ‘Accounting Game’.
Prior to entering finance, Michael Castor, MD, spent three years in clinical medicine, completing his surgery internship at Indiana University Medical Center and then two years of residency at Columbia. In 2000, he joined J.P. Morgan, where he focused on biotech and healthcare IPOs. In 2001, he joined Stanford Bernstein where he evaluated long and short investments for several of Bernstein’s funds and ultimately served as the healthcare sector leader. Michael is the PM of a healthcare-focused hedge fund, Sio Capital Management, LLC, which Michael founded in 2006.
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Michael Castor live coverage
Runs a Global L/S Healthcare Hedge Fund
Stretched Valuations: MWI Vetinary (NYSE:MWIV) , SRCL
Attractive Valuations: Cardinal Health (NYSE:CAH) , SEM
Hidden Gem: Aratana (NYSE: PETX)
Focus of presentation on accounting
Genomma Lab Internacional SAB De CV (OTCMKTS:GNMLF) –
Talking about accounts receivable, and now other assets growing rapidly….investors are concerned. Genomma is a mexican over the counter product company.
His thesis is that they are missing 4.9B pesos on the balance sheet. Essentially where did all the cash go…. – Got asked about Herbalife Ltd. (NYSE:HLF) — no position, but thinks the business model is broken.
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