Value Investing Congress Best Ideas: LL, FNMA, PLUG, NQ

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It’s less than two months until the 10th annual New York Value Investing Congress (VIC), taking place at Florence Gould Hall on September 8 – 9, where some of the world’s most successful value investors take the stage to explain how they analyze stocks and share new ideas, long and short. We’ve covered the list of speakers before, but to give you a better idea of what some of these investors might talk about we decided to highlight some of the more controversial picks that they’ve been involved with recently.

Also see our coverage of IRA Sohn Conference 2014 – sign up for our free newsletter to ensure you do not miss our coverage.

Value Investing Congress: Tilson’s short on Lumber Liquidators pays off

Just yesterday we found out that Whitney Tilson of Kase Capital, one of the Value Investing Congress co-founders, made good on a large short position originally revealed at the Robin Hood Investors Conference when Lumber Liquidators Holdings Inc (NYSE:LL) had a Q2 earnings miss with embarrassing -7.1% comps and an EPS about 30% below consensus.

Fannie Mae, Freddie Mac among Kao’s best positions last year

March’s spike in bullish sentiment has subsided, but Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) are still up YTD and more than double the level they were at 52 weeks ago. Since these stocks were among the top five positions for Michael Kao’s Akanthos Capital Management in 2013 it will be interesting to learn if he is sticking to his guns, relying on either a political sea change or (more likely) a favorable ruling to unlock value in the GSEs.

Left calls Plug Power a penny stock, prompting a sell off

Plug Power Inc (NASDAQ:PLUG) became a short seller favorite in March when its price soared on what looked like pure speculation, but Andrew Left of Citron Research didn’t think that a minor correction was in order – he called Plug Power a penny stock and played a role in pulling its stock price back down to earth. Plug Power has been moving sideways since May.

Block’s controversial NQ Mobile short continues to gain traction

Carson Block of Muddy Waters has never shrunk for controversy, launching scathing short campaigns against companies that he believes are fraudulent. His short campaign against NQ Mobile Inc (ADR) (NYSE:NQ) has brought the Chinese companies share price down from $25 to just $4.39 today. Continued delays for its 2013 audit have fueled the flames and even NQ long Altimeter has started trimming its stake.

At last count there were just over a hundred tickets left, so if you’re still interested in attending head to the Value Investing Congress website to register. But wait there is more!!


The Value Investing Congress is now offering  a special discount – over 50% off! — on registrations for the NY Congress taking place September 8 & 9, 2014.  This year, seating will be strictly limited to 275, so we would encourage ValueWalk readers to register now, before we sell out.


Regular Price: $5,995

Special Offer – Over 50% off till 7/15/14

Offer expires: 7/15/14

Discount Code: VALUEWALK



Below please find information about the event:


10th Annual New York Value Investing Congress

  • Date:  September 8 – 9, 2014


Additional speakers include:

  • Leon Cooperman, Omega Advisors
  • Alexander Roepers, Atlantic Investment Management
  • Carson Block, Muddy Waters Research
  • Whitney Tilson, Kase Capital
  • Sahm Adrangi, Kerrisdale Capital Management
  • David Hurwitz, SC Fundamental
  • Jeffrey Smith, Starboard Value
  • Michael Kao, Akanthos Capital Management
  • Guy Gottfried, Rational Investment Group
  • John Lewis, Osmium Partners
  • Tim Eriksen, Eriksen Capital Management
  • Cliff Remily, Northwest Priority Capital

Register now at this link using Discount Code: VALUEWALK before 7/15 11:59PM EST

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