Fast Money's Hedge Fund Forced Selling Stock Plays Portfolio - Stockpickr! Your Source for Stock Ideas

Fast Money's Hedge Fund Forced Selling Stock Plays

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Date updated:10-29-2008

Once the darlings of Wall Street, hedge funds might well be suffering the heaviest losses from this bear market. According to TrimTabs CEO Charles Biderman as many as 25% of hedge funds will be out of business by end of 2009. Because of forced selling some stocks might be to cheap and Dylan Ratigan asked the traders for their thoughts.

GPS
Gap Inc
$22.70
+0.09%
$22.89

Due to hedge fund pressure Gap [GPS] is probably too cheap, says Guy Adami.

People owning GPS also tend to own: GM MO AAPL ABCO AMTD ARII AXP

TheStreet.com Rating: B What is this?

SBUX
Starbucks Corpora
$21.71
+1.40%
$21.60

If you have to play this game, I’d play Starbucks [SBUX], says Jeff Macke.

People owning SBUX also tend to own: AAPL BRCM BTU CCJ CNQ CTRP GG

TheStreet.com Rating: B- What is this?

RIO
Rio
$0.00
N/A
$N/A

Look at Vale [RIO] in Brazil, adds Tim Seymour.

People owning RIO also tend to own: C MTS ORCL SNY AMR CBT CNQ

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CHK
Chesapeake Energy
$25.18
0.00%
$N/A

I like Chesapeake [CHK], counters Pete Najarian.

People owning CHK also tend to own: ACI AINV ANR APC BBD BTU CMCSK

TheStreet.com Rating: C What is this?

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Q. can anyone explain the BGF seper...

11.12.09 | 20:03 PM Asked by BS7518

A. BGF was an enhanced income security,
which represented one share of common
stock (BGS) plus $7.15 principal amount
of senior subordinated debt. They first
separated the note from the stock, then
did a partial redemption of the bond.
You should have received the following
for each share of BGF
1 share common (BGS)
$4.28 cash per share for the partial
redemption (this includes dividend)
1 note with face value of $3.11

There really is no market for the bond
portion. You will probably end up
holding it until redemption.

Hope that helps.