Chris Mayer VIC Pitch: Long CHMI And KWE

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Chris Mayer VIC Pitch: Long CHMI And KWE

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.

We are covering the Value Investing Congress in Las Vegas. Make sure you sign up for our free newsletter to ensure you do not miss any updates!

Sabrepoint Capital Is Shorting SPACs For 2021

investSabrepoint 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.

Chris Mayer Investing by CODE

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