Paul Engel. Re: "This is PHENOMENAL !!!
That is indeed good news! On another front, Kurlak's new company is not doing so well.
"Tiger Management, the still-giant hedge fund run by Julian Robertson, is down 22% for the year. Tiger was down 8% as of the end of May, 12% as of the end of July, and 17% as of the end of August. But, this week alone has seen some of the fund decline some 3% more, according to people who are close to Tiger.
A spokesman for the fund though declined to comment on its performance. That move down due in part to the declines in the stocks of both Federal Mogul and US Airways. While Tiger does not hold more than, or close to the 8 million shares of Federal Mogul it once did, it still holds enough of the stock to be hurt by its recent decline, that is about 35%, you are looking at right there, that was due to an earnings warning.
Similarly, Tiger's 16.5 million share-stake in US Airways has been steadily losing value all year long. Another earnings warnings from the carrier has brought a decline of 17% this week."
Looks like Kurlak's not any better picking companies to work for than to invest in.:)
HL |
