Investors / stance tracking
What Kurt Kara is saying
FollowFollowingUnfollowHead of Global Value Equities, Maj Invest
3 dated public stances tracked since 2018-10-30, most recently 2018-10-30. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Kurt Kara's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Kurt Kara is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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3
tracked stances
2
themes
0
side flips
2018-10-30
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| GM | 1 | 1 bullish | 2018-10-30 | |
| KS | 1 | 1 bullish | 2018-10-30 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2018-10-30
long MSCI / short MSCI
pair
Value Investing Congress · video
MSCI World Value vs Growth spread is at its widest since 1999, rising US interest rates compress the premium on secular growth, and the Sharpe ratio of long-growth/short-value has never been higher — creating conditions for a sharp mean reversion back to value
“whenever people say value is dead it tends to rise from the dead and do something great”
"I know the value of growth" Kurt Kara (Maj Invest) on Samsung & GM and investing in today's market
2018-10-30
KS
bullish
Value Investing Congress · video
DRAM has consolidated to three producers (Samsung, Micron, SK Hynix) and Moore's Law for memory has effectively ended — supply growing only 7% per year vs prior 18-month doubling — yet the market still prices Samsung as a commodity business; adjusting for…
“it's no longer a commoditized market but the market is pricing it as commoditized”
"I know the value of growth" Kurt Kara (Maj Invest) on Samsung & GM and investing in today's market
GM Cruise was valued at ~$15B by SoftBank and Honda stake purchases while GM's total market cap fell $15B over the same period, so backing out Cruise leaves the core auto business at roughly 2.5x earnings; a Cruise spinoff alone could be worth $20B+
“you buy it corrected for the value of GM Cruise at two and a half times earnings — I think that's a pretty decent proposition”
"I know the value of growth" Kurt Kara (Maj Invest) on Samsung & GM and investing in today's market
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