Next up in our notes from Invest For Kids Chicago is Ari Levy of Lakeview Investment Group.
Levy Says Short InterOil (IOC)
Lakeview was founded in February 2005 and the fund has compounded at 12% since inception
• Short InterOil: Firm has geological and market uncertainty
• Management has made materially inaccurate misstatements to investors which have caused the stock to be overvalued
• Natural gas does exist in their area of Papua New Guinea
• Well test in 2009 was strong but InterOil has declined to do this test
• Tipping point is now
We've also highlighted in the past how T2 Partners' Whitney Tilson has been short IOC as well.
For the rest of the hedge fund presentations from the event, head to notes from Invest For Kids Chicago.
Thursday, November 8, 2012
Ari Levy: Short InterOil (Invest For Kids Chicago)
blog comments powered by Disqus
