Tuesday, April 23, 2013

Hedge fund invests $2bn in Microsoft, thinks Redmond is undervalued




 
From theregister.uk: Microsoft's quarterly earnings report last week did little to reassure the markets that the company is on track to regain its former stock valuation, but a $2bn buying spree by a US hedge fund prompted an uptick in its share price on Monday.

At an investor conference Jeffrey Ubben, founder ValueAct Capital Management, said that investors aren't recognizing the long-term value that Microsoft holds, particularly with its strengths in server and back-end systems. His fund specializes in taking stakes in undervalued firms and spinning the shares into profitability….

No comments:

Post a Comment