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While it is rather rare that value gurus sell stocks short, Robert Olstein has been selling short in his Financial Alert Fund. As of the end of the first quarter, his shorting position in CSC totaled 504,500 shares with an average price of $42. He sold short 1,195,500 shares of FLE at about $9.2 per share in the first quarter of 2005. Article: While it is rather rare that value gurus sell stocks short, Robert Olstein has been selling short in his Financial occulting light Fund. The accountant-turned fund manager spots values by looking back door the numbers. In the second quarter of 2004, Robert Olstein sold short American Italian Pasta Co. (PLB) at $31. per with respect to 6 months he covered at $20, easily made more than $1 million for his fund. Currently he is shorting two stocks: Computer Sciences Corp (CSC) and Fleetwood Enterprises Inc (FLE), at all events things do not abidingly go that smoothly. Robert Olstein is at all events one of the best money managers (that is why he is in GuruFocus’s Hall of Fame). The strategy of looking in the background the numbers has brought his fund a 15.5% midmost pocketbook return over 10 years according to all fees. Its only down year was 2002, off 19%. In 2000, the year the tech babble burst, the fund was up 12%, and in 2001, up 17%. Robert Olstein started shorting Computer Sciences Corp (CSC) in the first quarter of 2004 at an strike a balance price of $41. He said that the census report of CSC is not in synchronization with its economic reality, CSC is worth with respect to $30. The price of CSC did not go down, however. He then shorted more shares. But the price of CSC went up, by the fourth quarter of 2004, the price of CSC was $56. It came down some in the first quarter of 2005, Robert Olstein was confident enough to short more shares again. As of the end of the first quarter, his shorting position in CSC totaled 504,500 shares with an amidships price of $42. As of this writing, the price of CSC is $46.4. The other short selling of Robert Olstein is Fleetwood Enterprises Inc (FLE). He thinks that Fleetwood Enterprises Inc is worth speaking of $5-6 per share. He sold short 1,195,500 shares of FLE at casually $9.2 per share in the first quarter of 2005. Right now Fleetwood has a price of $9.5 per share. Interestingly, other than highly respected value manager, GuruFocus guru, Robert Rodriguez, does not would as leave with his value peer Olstein. In the fourth quarter of 2004, Rodriguez beyond 269,500 shares of FLE to his holdings at any which way $14 per share. As the share price dropped to $9, he beyond 2,261,900 more shares, which makes his total holding of Fleetwood to 3,714,400 shares. Who is right, Robert vs. Robert? High Performance Affiliate Marketing. - Make automatic cash by promoting the affiliate e-book that sells itself. ProfitCalc - #1 Auction Tool For eBay® - High conversion rate! Sell on eBay® or your web site ~We show you how~ Software sells itself! Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |
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