John Paulson Has a Hit with Post Holdings, a Miss With International Tower Hill Mines

0

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).

Sign up for our free newsletter

Q2 Hedge Funds Resource Page Now LIVE!!! Lives, Conferences, Slides And More [UPDATED 7/5 21:37 EST]

Q2 Hedge Funds Resource PageSimply click the menu below to perform sorting functions. This page was just created on 7/1/2020 we will be updating it on a very frequent basis over the next three months (usually at LEAST daily), please come back or bookmark the page. As always we REALLY really appreciate legal letters and tips on hedge funds 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.

[drizzle]

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.

[/drizzle]