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.
Has including ESG become a necessity for investors?
ESG (environmental, social, governance) has become a hot topic in recent years, especially lately with the debate over whether pension funds should be able to factor in ESG when choosing investments. At Morningstar's recent conference, the firm argued that ESG has become a requirement for long-term investors. Q2 2020 hedge fund letters, conferences and more Read More
Six options to find content: Value Investing Congress
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.
ValueWalk readers can get a 53% discount on the Value Investing Congress in Vegas (April 3rd and 4th), just use this link to register.
Use code ‘WALK’ to save an extra $100.