Buying BLT atm is like trading someone a $50 note for a $100...

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notlistening14

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07/10/19

10:59

Post #: 40753532
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Originally posted by lawrence1967 ↑

Why is Sabby back on our register?

Sabby Management
is a New Jersey-based activist hedge fund launched by
Hal Mintz
in June 2011. The investment firm primarily employs an opportunistic and event-driven strategy by focusing on fundamental and quantitative analysis. Sabby Management mainly invests in the healthcare sector, including the biotechnology and pharmaceutical segments, which altogether represent roughly 73% of the fund’s entire public equity portfolio. Hal Mintz’s Sabby Management manages a few funds, including the Sabby Healthcare Volatility Master Fund and the Sabby Volatility Warrant Master Fund. The firm’s 32 long positions on March 31 in stocks with a $1 billion market capitalization returned 8.7% in the second quarter of this year, pushing its year-to-date returns to 56.5% thanks to its exceptional returns in the first quarter. These calculated stock pick returns are only estimates of the fund’s actual performance, and do not include options, bonds, or short positions, so they could differ greatly from a fund’s actual returns. As stated by its most recent 13F filing, Sabby Management oversees a public equity portfolio worth $2.40 billion.

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Buying BLT atm is like trading someone a $50 note for a $100 note IMO. These funds know this.

This is because BLT is <$15m MC with $22m cash - ie trading well below cash backing.

IMO once the quarterly confirms this (next two weeks) we will see a gap close at 10c.

BLT Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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