Appaloosa Management Portfolio - Stockpickr! Your Source for Stock Ideas

Appaloosa Management

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Date updated:09-21-2008

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 Systems
$23.68
-1.33%
$23.85

No Analysis added

People owning CSCO also tend to own: AAPL AMD DELL GOOG IBM INTC MSFT

TheStreet.com Rating: B- What is this?

ORCL
Oracle Corporatio
$22.39
-1.80%
$22.69

No Analysis added

People owning ORCL also tend to own: AAPL AMD CSCO DELL GOOG IBM INTC

TheStreet.com Rating: B+ What is this?

GE
Gen Electric Co
$15.76
-2.05%
$15.92

No Analysis added

People owning GE also tend to own: AIG BAC C COP CVX FNM JNJ

TheStreet.com Rating: C What is this?

DAI
Daimler Ag
$53.04
0.00%
$N/A

No Analysis added

People owning DAI also tend to own: AAPL AFL AIG AWK CLHB COP DIS

TheStreet.com Rating: D+ What is this?

GT
Goodyear Tire Rub
$14.45
-1.63%
$14.54

No Analysis added

People owning GT also tend to own: CELG IACI RAD STXN VAR BRL ERES

TheStreet.com Rating: C- What is this?

AMAT
Applied Materials
$12.48
-2.95%
$12.65

No Analysis added

People owning AMAT also tend to own: ADP AVY AXP CL DD DELL DIS

TheStreet.com Rating: C What is this?

UTX
United Tech
$68.01
-1.16%
$68.48

No Analysis added

People owning UTX also tend to own: BMY BNS CLX CVX DD DE IBM

TheStreet.com Rating: No Rating What is this?

MSFT
Microsoft Corpora
$29.78
-1.10%
$29.98

No Analysis added

People owning MSFT also tend to own: AAPL AMD CSCO DELL GOOG IBM INTC

TheStreet.com Rating: B What is this?

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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

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