Notable Picks From Investment Managers – Barron’s

Courtesy of SA Editor Rachael

Barron’s highlights the notable picks and pans of a group of well-respected investment managers who met last week for the Ira Sohn Investment Research Conference.

• David Einhorn, head of Greenlight Capital, is bearish on Moody’s (MCO) because of its ‘shattered brand.’ (Einhorn was on the mark at last year’s conference with his bearish call on Lehman Brothers.)
• Steve Mandel, who runs Lone Pine Capital, noted the great value of some franchises compared to ‘struggling’ stocks that are popular as recovery plays. He likes Strayer (STRA), a for-profit education company, with strong management and good growth potential. The stock isn’t cheap but he sees plenty of room for upside growth.
• Mark Kingdon, of Kingdon Capital Management, likes Bank of America (BAC), and thinks the stock could double in a year.

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