Post Holdings Inc. (NYSE:POST), EXCO Resources Inc. (NYSE:XCO) and SandRidge Energy Inc. (NYSE:SD) made major this Monday. Posting big losses are International Tower Hill Mines Ltd. (NYSEMKT:THM), Walter Energy Inc. (NYSE:WLT) and Brookdale Senior Living Inc. (NYSE:BKD).
In December, a strong performance helped Carlson Capital's Double Black Diamond fund achieve a double-digit return in 2021. Q4 2021 hedge fund letters, conferences and more Double-Digit Return According to a copy of the latest investor update, which ValueWalk has been able to review, Clint Carlson's Double Black Diamond fund returned 2.9% in December and Read More
Post Holdings Surges on MOM Brands Acquisition
Post Holdings Inc. rallied +17.83% in the wake of news that it will acquire rival MOM Brands Co. in a $1.15 billion deal. The cereal maker, a John Paulson holding, has climbed +36.36% over the past three months.
EXCO Resources ended the day with a +14.05% gain. It is now trading at $2.11 – a far cry from its 52-week high of $6.60. Wilbur Ross has had a stake in the firm since 2010 and as of his most recent regulatory filing has 51.1 million XCO shares.
SandRidge Energy surged +9.23% today, putting its five-day gain at +18.03%. The oil and natural gas company is one of Leon Cooperman’s many energy picks.
Paulson Pick International Tower Hill Mines Tumbles
International Hill Mines tumbled -11.53% today. Despite the dip, the stock is up +49.11% over the past month, spurred in part by news of John Paulson’s increased stake in the firm. The billionaire recently disclosed an increased 23.1-million-share position in THM.
Walter Energy plummeted -8.1% this Monday, putting its five-day loss at -30.88%. The company’s shares have fallen below the $1.00 mark, leading some to ask whether it’s headed for bankruptcy. As of his latest 13F filing, Brazilian billionaire Jorge Lemann is a Walter Energy shareholder.
Brookdale Senior Living ended the day with a -7.6% loss after announcing preliminary quarterly results. An owner and operator of senior living communities, the “unsexy” stock is one upon which Leon Cooperman and Larry Robbins overlap.