Appaloosa Management
31190 views
Rate Now:
average rating: 3.70 / 30 ratings
DESCRIPTION:
Date updated:12-13-2007
Appaloosa has averaged 30%+ annual returns since its inception in 1993. In 2003 they earned 150% alone. These returns and their $4bb under management has placed founder David Tepper in the top 50 richest men in America with a fortune estimated around $2bb.
Managed by former Goldman Sachs junk bond traders David A. Tepper and Jack Walton, a former asset manager from Goldman, Chatham NJ based Appaloosa was founded in 1993 as primary a distressed debt shop. Today it takes big positions in both stocks and bonds of distressed (and sometimes not so distressed) companies and tries to play a role in managements decision making. Most recently the Fund has been reported to have assets under management of over $4 Billion and has been in the headlines for its large ownership position in Delphi automotive and its clashes with management on whether management has the shareholders best interests in mind or those of GM and the UAW.
Tepper was discussed in the December 4 2006 issue of Barron’s. When asked about the big returns he made on big-cap tech such as Oracle and Cisco Tepper was quoted as with regard to the Nasdaq 100 that “There’s nothing to jump up and down about” but that “equities are as good as any other asset class right now”
More about Tepper can be found in the book New Investment Superstars.
-
CSCO
Cisco Sys Inc - $21.90
- +0.27%
- $21.61
No Analysis added
-
ORCL
Oracle Corp - $21.59
- +2.37%
- $21.17
No Analysis added
-
GE
Gen Electric Co - $28.50
- +2.93%
- $27.81
No Analysis added
-
DAI
Daimler Ag - $65.28
- -1.03%
- $64.29
No Analysis added
-
GT
Goodyear Tire Rub - $20.02
- +8.04%
- $18.20
No Analysis added
-
AMAT
Applied Materials - $17.39
- -2.36%
- $17.56
No Analysis added
-
UTX
United Tech - $65.27
- +1.90%
- $64.06
No Analysis added
-
MSFT
Microsoft Cp - $25.80
- +0.62%
- $25.56
No Analysis added
- Top Professional Portfolios
- 1. T. Rowe Price New Era ...
- 2. The Children's Investm...
- 3. Profunds UltraSector O...
- 4. U.S. Global Investors ...
- 5. AIM Energy A (IENAX)
- show all
- Top Do-It-Yourself Portfolios
- » Insane
- » wanda hulbert Portfolio 1
- » Mad Growth
- » divy
- » thevaluemaster Portfolio 1
- show all
- Most Viewed Portfolios
- » Warren Buffett
- » 10 Short Squeezes
- » George Soros
- » T. Boone Pickens - BP Cap...
- » Carl Icahn
- show all
Cramer's Take on Gold Stocks
It's always useful to hear what Jim Cramer -- or any of the other professional investors on the site -- has to say, and today at Stockpickr we're looking at what Cramer's h...
07.23.08 | 18:10 PM
Top Stocks With Insider Buying, ...
Part of the philosophy of Stockpickr is to follow in the footsteps of smart people. This could mean a few different things. It could mean piggybacking great investors s...
07.23.08 | 17:52 PM
5 Solar Stocks That Could Soar
Investors have the potential to make fortunes in solar stocks as the world quickly moves towards alternative energy sources in the face of skyrocketing commodity prices. Th...
07.23.08 | 12:23 PM
172 Reasons to Be Bullish Right Now
more articles
I don’t care about subprime or oil. Either oil will eventually go below $100, or we’ll figure out how to deal with higher-priced oil. And of the $11 trillion in mortgag...
07.23.08 | 10:12 AM
General market Technical Analysi...
11.14.07 | 22:55 PM From author
ZackAttack
Cartoon Thread
11.15.07 | 20:31 PM From author
Peter on Post Street
Cybersource- William Blair &...
07.22.08 | 10:54 AM From author
kabirm
Bad Credit Mortgages
more forums
07.23.08 | 17:45 PM From author
MTnews
Q.
Hello Jim & Stockpickrs,
I a...
07.24.08 | 01:48 AM Asked by
Autofanatic
Q.
Should we keep buy EMC or do we ...
07.30.07 | 17:26 PM Asked by
sirnose
A. Investing resources for creating
wealth!
Pet Supplies & Training needs. Global
shipping.
Finest blue nose pitbulls in its breed!
Environment News, Information,
resources!
Please visit: Coffee-Advice.com
Dog & Puppy resources, news, articles,
and more.
Got acne? Cures, Treatments, articles,
and more.
Restore that classic Pontiac musclecar.
Click here.
Shop your favorite stores from across
the country!
Google it here!
Latest News & Technology headlines from
around the globe.
today 's lists
Latest Activist Situations
Here are the latest Activist or "13D" situations from the StreetInsider.com 13D Tracker page found at: http://www.13dtracker.blogspot.com/.... more
Low Priced NYSE Stocks
This portfolio consists of NYSE stocks that are trading for less than $5 per share and are profitable. more
Analyst Downgrades
Analyst Downgrades for 07-22-08 more
01/13/2008 09:37 AM CST Asked by deedeedum
can you help me understand why you picked Goodyear tires to be in your portfolio? I never liked their products since I came from the automotive industry, and their business isn't my favorite either. The tire industry is so competitive and profit margins are very low. Tires such as BF Goodrich tires are kicking Goodyear tires out of the game