Mohnish Pabrai may be best known to the world for his hedge fund or for his books such as The Dhando Investor, but on this site it’s for his relatively new Spinoff Portfolio. Unfortunately, despite strong backtested results, 2018 was a rough year for the portfolio. Four of out five names finished in negative territory for the year,… Read More »
Happy New Year to all of our readers! 2018 is now officially history and it will be remembered as a year of increased volatility that ultimately left some portfolios quite damaged. That includes Mohnish Pabrai’s Spinoff Portfolio and its (backtested) historically S&P crushing results. Pabrai is a legendary fund manager and author of The Dhando Investor. In one of… Read More »
It’s been awhile since we last posted so lets share a few links to ease ourselves back in. We hope to be back at it in two weeks from now. Spinoffs that go bust often lead to lawsuits, in many cases by its creditors. We recently highlighted an example at Noble (NE), but it’s not the only one… Read More »
A few weeks ago we highlighted Mohnish Pabrai’s S&P crushing Spinoff Portfolio. While the historical results were merely backtested, 2018 has gotten off to a tremendous start. Despite a big decline at Adient (ADNT), the fund was boosted by General Dynamic’s (GD) ~$9.6b (including debt) takeover of government IT services provider CSRA (CSRA). The deal is actually an all cash… Read More »