Salient to Investors: Kenneth Heebner at CGM Focus Fund shorted Apple during Q4 2013. Morgan Stanley said institutional ownership of Apple shares has been declining as funds question the company’s ability to increase revenue long-term – the 30 largest stockholders own a record low 30 percent of shares outstanding, versus
READ MORE... →Salient to Investors: Larry Fink at BlackRock says investors should be heavily invested in equities due to its fair value at a 15.5 P/E ratio for the S&P 500 and good earnings season. Jeffrey Gundlach at DoubleLine said in mid-April that he expects a catastrophic failure because the developed world
READ MORE... →Salient to Investors: Kenneth Heebner at the CGM Focus Fund has bet 21 percent of his find on a decline in U.S. Treasuries as the growing US economy eventually prompts the Fed to boost interest rates. At the end of 2012, the fund was 29 percent invested in banks, 24 percent in homebuilders. Heebner said
READ MORE... →Salient to Investors: Kenneth Heebner said the U.S. is poised to outperform most countries – lower growth in Asia and Europe will lower oil and commodity prices, a de facto tax cut for U.S. consumers. Heebner sees forces driving the U.S. in a positive direction – the real estate bust has created pent-up demand for housing
READ MORE... →