Thursday, February 19, 2015

Mario Gabelli and David Einhorn are Buying Chemtura Stock, Should You Follow?

When legendary investor Mario Gabelli and highly rated hedge fund manager David Einhorn both take large positions in a small-cap stock, it's usually time to take notice. Specialty chemicals producer Chemtura  (NYSE: CHMT  )  isn't the most glamorous company, but that has not stopped investment firms from buying the stock. According to a recent 13D filing, Gabelli's investment firms own nearly 12.2% of shares outstanding in Chemtura -- worth about $205 million as I write. Meanwhile, the most recent 13F filing from Einhorn's Greenlight Capital shows the investment firm holding 3,950,000 shares, currently worth about $90 million. What's behind the interest in this stock?


READ THE FULL EQUITY RESEARCH ARTICLE LINKED