Ken Shubin Stein at the 3rd Annual New York Value Investing Congress reported by Marcelo Lima.
Ken Shubin Stein at the 3rd Annual New York Value Investing Congress reported by Marcelo Lima.
Ken Shubin Stein of Spencer Capital pitched Winn Dixie as a turnaround play with a very simple thesis: even in bankruptcy the company held its top line, and currently its EBITDA margin is 1% vs. 6% for the industry average.
He believes that Peter Lynch – not the fund manager, but rather the former COO of Albertson’s and somewhat of a supermarket turnaround artist – has the right game plan to accomplish a return to higher margins, making the stock a double, or more, within three years.
Marcelo Lima is a securities analyst for the Flexor Fund, at Miami-based Horn Eichenwald Investments. He focuses on running a concentrated value-oriented portfolio.