RE: Recent SC 13G filing >>>Alphonse "Buddy" Fletcher Jr., president and CEO of Fletcher Asset Management, doesn't invest money for a living, but for a killing. Fletcher, 30, has created a tiny supernova in the mutual fund universe, rewarding investors with awesome returns-over 300 percent annually for the past five years! Fletcher was a rising star at the brokerage firm Kidder Peabody while in his twenties, but when Kidder jerked him out of $2 million in bonuses, he sued for back pay, won, and started FAM. Still, despite his estimated $50 million worth, Fletcher remains value-conscious. Witness his Zenith TV. "Zenith makes a good television," he insists. It also makes a hell of a stock. FAM recently bought a bunch of it low, then watched it climb in value-over 300 percent.<<< SOURCE: vibe.com
SC 13G : sec.gov |