Steel Partners Portfolio - Stockpickr! Your Source for Stock Ideas

Steel Partners

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TheStreet.com Rating: C-

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average rating: 3.54 / 84 ratings

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DESCRIPTION:

Date updated:01-20-2009

As of 9-30-08

$1.2 billion under management, down $600 million for the quarter

As of 6-30-08 filing.

New positions: TOH

Steel Partners is a $2 billion dollar activist hedge fund based in San Francisco. It is run by Warren Lichtenstein. The fund invests in all layers of the capital structure with a long-term shareholder mentality and prefers to buy a business, or a piece of a business, at an attractive valuation (i.e., a discount to intrinsic value). The fund strives to be either the largest or one of the largest, stakeholders in a company allowing us to influence its direction. The fund needs a built-in margin of safety to protect its downside and be able to invest with a long-term orientation. The fund’s first objective has been and always will be the preservation of capital.

1995: +21.5%
1996: +12.8%
1997: +48.0%
1998: +17.9%
1999: +38.7%
2000: +15.3%
2001: + 6.4%
2002: + 9.9%
2003: +17.7%
2004: +30.2%

RDC
Rowan Cos Inc
$25.41
-5.50%
$26.64

% of portfolio: 25.6%

People owning RDC also tend to own: ESV HP NBR BPT PDS THE BJS

TheStreet.com Rating: C+ What is this?

CNO
Conseco Inc
$5.18
-3.18%
$5.20

% of portfolio: 8.8%

People owning CNO also tend to own: AHM AIZ ALB AMP AVT AXCA BBI

TheStreet.com Rating: D+ What is this?

IKN
Ikn
$0.00
N/A
$N/A

% of portfolio: 7.6%

People owning IKN also tend to own: ADPT AGL BCO CEM CHV CNO CUO

TheStreet.com Rating: No Rating What is this?

ELNK
Earthlink
$8.35
-2.68%
$8.54

% of portfolio: 5.3%

People owning ELNK also tend to own: CAMP CEGE FCEL IDIX JBLU TALK TIE

TheStreet.com Rating: B What is this?

ADPT
Adaptec
$3.19
-2.15%
$3.22

% of portfolio: 3.5%

People owning ADPT also tend to own: ABPI DCR EBAY EDCI FMD FNM HTE

TheStreet.com Rating: C- What is this?

BCO
Brinks Company
$23.51
-1.76%
$23.83

% of portfolio: 3.5%

People owning BCO also tend to own: AFAM BYD CCRT DVA ABHH.OB CNBKA CPWM

TheStreet.com Rating: C What is this?

GY
Gencorp Inc
$8.71
-0.46%
$8.73

% of portfolio: 3.1%

People owning GY also tend to own: AHM AIZ ALB AMP AVT AXCA BBI

TheStreet.com Rating: C What is this?

NPO
Enpro Industries
$23.18
-3.13%
$23.71

% of portfolio: 2.6%

People owning NPO also tend to own: ADPT AGL BCO CEM CHV CNO CUO

TheStreet.com Rating: C- What is this?

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