Below are five stocks owned by billionaire investors, each of which the investor involved has projected to double in price, or better:
1) Hertz (HTZ) - Billionaire Barry Rosenstein, head of the
activist hedge fund Jana Partners, recently said at an investing
conference that he believes Hertz shares could triple in price.
Rosenstein said Hertz could buy back as much as 20 percent of its
shares, which would double earnings per share and cause the stock to
triple.
2) Monsanto (MON) – Billionaire Larry Robbins of the hedge fund
Glenview Capital Management recently said Monsanto could be worth as
much as $250 to $300 a share, which would mean a return of 100% to 150%
from its share price today.
3) Navistar (NAV) – Billionaire money manager, Mario Gabelli
recently said on CNBC that Navistar should double. He expects the truck
maker’s business to improve as the economy improves. Billionaire Carl
Icahn also owns a huge chunk of Navistar, almost 20% of the company.
4) Nuance (NUAN) – Icahn owns almost 19% of Nuance, and his son
Brett Icahn is on the company’s board. The legendary billionaire
activist investor tweeted that he believes Nuance, the creator of the
Siri voice for Apple, could triple in price.
5) Platform Specialty Products Corporation (PAH) – Billionaire
activist hedge fund manager, Bill Ackman, owns more than 22% of Platform
Specialty Products – squarely in the driver’s seat. Recently, the CEO
of Platform said in an interview that he believes PAH will sell for $200
a share one day. That would be more than a 600% return from its share
price today.
