txlaw Posted September 21, 2011 Share Posted September 21, 2011 Anyone ever heard of this guy, Mark Massey? The shareholder letter was quite good. http://www.marketfolly.com/2011/09/mark-masseys-hedge-fund-altarock-on.html Link to comment Share on other sites More sharing options...
moore_capital54 Posted September 21, 2011 Share Posted September 21, 2011 I have, hes a great investor as well. yet another value investor outperforming the markets... Link to comment Share on other sites More sharing options...
bathtime Posted September 21, 2011 Share Posted September 21, 2011 Thanks, that was a great read. MHK selling for $43 now and he bought it at $58, perhaps a goo dbuy. CRI selling for near his purchase price. Link to comment Share on other sites More sharing options...
Rabbitisrich Posted September 21, 2011 Share Posted September 21, 2011 I started following Massey today because of the same letter. Even before looking at his returns, it's obvious that he is a smart and studious investor. Mohawk is undervalued because of purchase accounting and a focus on revenues vs. operating profit, which understates the international operations. Some analysis seems to excessively reduce future margins in Unilin and Dal-Tile. Mark Lorberbaum has been selling fairly aggressively in August and September, and investors should expect volatile operating profits due to the large contribution of european operations. It's probably best viewed as an asset/distribution play, where the cash flows will take some time to realize. Of course, that same logic impaired smart investors like Meryl Witmer, who recommended the stock in $70s due to an overly optimistic outlook on housing (thinking that existing home sales would jump above the million mark by 2009). Link to comment Share on other sites More sharing options...
Guest notorious546 Posted April 4, 2016 Share Posted April 4, 2016 http://www.beyondproxy.com/mark-massey-altarock-partners/ Link to comment Share on other sites More sharing options...
Poor Charlie Posted April 4, 2016 Share Posted April 4, 2016 Does anyone have his letters? The MF links do not have them up any longer. Thanks. Link to comment Share on other sites More sharing options...
Eddie Willers Posted April 5, 2016 Share Posted April 5, 2016 You can't talk about Altarock and Mark without mentioning his partner Scott Bradford. He's the nicest guy you'll ever meet and is as sharp as a tack! He attended the FFH AGM a few years back when Altarock held Fairfax. You can find him in Omaha at the extracurricular Brk events. Its always a pleasure speaking with Scott as he freely shares his ideas - all of which are excellent! Over the years, I've learned an awful lot from speaking with him and reading Altarock's newsletters. They just have a great way thinking about investing. LOL - Look up a gentleman and scholar in the dictionary and you might find his picture there! ;) Best wishes- Eddie Link to comment Share on other sites More sharing options...
jay21 Posted April 5, 2016 Share Posted April 5, 2016 Are their newsletters public? Link to comment Share on other sites More sharing options...
educatedidiot Posted May 17, 2018 Share Posted May 17, 2018 Altarock Partners' Q1 13-F is out. These guys are extremely concentrated and there tends not to be major changes from quarter to quarter. The biggest change this quarter was a meaningful increase in the Charter Communications position. They continued trimming their stake in Transdigm and added to Booking.com once again, which remains the largest position at 24% of invested assets. http://www.rocketfinancial.com/Holdings.aspx?id=263820&fC=1 Link to comment Share on other sites More sharing options...
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