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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 on the Fund. The accountant-turned fund manager spots values by looking rear end the numbers. In the second quarter of 2004, Robert Olstein sold short American Italian Pasta Co. (PLB) at $31. thereafter on 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), just the same things do not like clockwork go that smoothly. Robert Olstein is good one of the best money managers (that is why he is in GuruFocus’s Hall of Fame). The strategy of looking hind part the numbers has brought his fund a 15.5% bourgeois daily return over 10 years after that all fees. Its only down year was 2002, off 19%. In 2000, the year the tech rave 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 halfway price of $41. He said that the automatic electronic navigation of CSC is not in one accord with its economic reality, CSC is worth with $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 run-of-the-mill 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 within reach $5-6 per share. He sold short 1,195,500 shares of FLE at hard $9.2 per share in the first quarter of 2005. Right now Fleetwood has a price of $9.5 per share. Interestingly, supplementary highly respected value manager, GuruFocus guru, Robert Rodriguez, does not compact with his value peer Olstein. In the fourth quarter of 2004, Rodriguez extraneous 269,500 shares of FLE to his holdings at at hand $14 per share. As the share price dropped to $9, he extra 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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