Chris Mayer is the managing editor for Agora Financial, one of the largest publishers of independent financial advice. He is the editor and founder of Capital & Crisis, a newsletter focused on global value investing. He is the author of World Right Side Up: Investing Across Six Continents, and has appeared on CNBC and Fox News.
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Sabrepoint Capital Is Shorting SPACs For 2021
Sabrepoint Capital Partners was up 16.18% for the fourth quarter, bringing its full-year return to 27.49% for 2020. The S&P 500 Total Return Index gained 17.4% during the year. The fund with $300 million in assets under management reports that its long positions contributed 55.2% to its 2020 return, while its shorts subtracted 16.7%. Q4 Read More
Highlights from Chris Mayer’s presentation
Chris Mayer runs 2 newsletters.
CODE strategy:
C – cheap
O – owner operator
D – disclosures are good
E – excellent financial condition
Idea: Cherry Hill Mortgage Investment Corp (NYSE:CHMI)
Mortgage REIT with 10% yield.
Has an operating partner.
BV 21.5 stock $19
Comps trade at 1.3x book HLss NRZ
2) Kennedy Wilson Europe Real Estate PLC (LON:KWE)
Property manager and real estate investor
Feb IPO raised $1700M. Kennedy-Wilson Holdings Inc (NYSE:KW) invested $200m.
NAV is $9.77, stock is $10.5.
Rental growth, price appreciation.
Ireland is Euro HQ of top US Tech companies like Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) etc.
