Tuesday, December 30, 2014

George Soros Fund Management Stock Pick

When a legendary investor like George Soros takes a large position in a stock like electrical products manufacturer Hubbell Incorporated (NYSE: HUB-B  ) , it's usually a good idea to take notice. So why is George Soros buying stock in Hubbell Incorporated, and should you be buying too?

Soros Fund Management buys Hubbell Incorporated stock

A look at SEC filings from Soros Fund Management reveals that his investment firm had picked up 306,371 shares by the end of June, and another 311,985 shares by the end of September. At the current price of around $107, the position is worth around $66 million -- a pretty significant position.

Introducing Hubbell Incorporated

 Hubbell generates more than 80% of its sales from the US and has two operating segments:


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