Michael Burry Just Made a Big Bet on Qurate Retail (QRTEB) Stock
Tuesday, 15 November 2022, 18:16:46
Source: Shutterstock When Michael Burry makes a stock market bet, the financial world takes notice. Recently, the famed investor who predicted the housing market crash of 2008 has been making more moves. In early October, Burry tweeted that he had been feeling “greedy” during the raging bear market. His recent investments back up that claim. Burry has been on a buying spree lately, purchasing companies across a variety of sectors. Most recently, he took a large position in Qurate Retail (NASDAQ: QRTEA , NASDAQ: QRTEB ), a small-cap company that operates in the retail and media spaces. Since news broke of his new $5 million stake, Qurate Retail stock has been rising. Let’s take a look at the company and what Michael Burry’s investment means for shares. Why Is Michael Burry Betting on Qurate Retail Stock? Qurate Retail isn’t the only investment from Michael Burry this week. Seeking Alpha reports that his firm, Scion Asset Management , also recently purchased shares of space and defense tech producer Aerojet Rocketdyne (NYSE: AJRD ) as well as Charter Communications (NASDAQ: CHTR ) and Liberty Latin America (NASDAQ: LILA ).
Michael Burry (Of ”The Big Short”) Buys The Liberty Complex Stocks And A Broken Merger Arb
Tuesday, 15 November 2022, 09:59:56
Michael Burry”s Fund added new positions in Charter Communications, Liberty Latin America and Qurate Retail. Click here to read more.
— Seeking Alpha
Here are the Stocks Michael Burry Added to His Portfolio
Monday, 14 November 2022, 22:08:31
Michael Burry”s firm, Scion Asset Management, disclosed its new positions in an SEC filing that was released today. New positions are as follows: Charter Communications (CHTR)CoreCivic Inc. (CXW)Aerojet Rocketdyne Holdings Inc. (AJRD)Liberty Latin America (LILA)Qurate Retail (QRTEA) In addition, Michael Burry also increased his position in GEO Group (GEO) by more than three times. Defensive positioning is the current theme of his portfolio, with his positions falling into less volatile industries such as telecommunications, aerospace and defense, and prison operators.
“Big Short” Michael Burry Is Back In The Market: Here Are The Stocks He Bought
Monday, 14 November 2022, 18:50:15
“Big Short” Michael Burry Is Back In The Market: Here Are The Stocks He Bought Three months ago, Michael Burry, who will forever be memorialized in the annals of market history as the “Big Short”, shocked markets when after a series of extremely bearish statements… pic.twitter.com/D8WnWSJlqC — Cassandra B.C. (@MichaelJBurry__) August 4, 2022 … he put, or rather pulled, his money where his mouth was and liquidated virtually his entire portfolio , selling 12 positions and only holding on to one name, prison operator GEO Group. So fast forward to today when just before noon, Michael Burry”s Scion Asset Management filed its latest 13F filing for the quarter ended Sept 30, and in which we find that the notorious bear is once again back in stocks, adding 5 new positions in addition to adding to his GEO stake (which he quadrupled from 500K share to just over 2MM shares), and also opening a new $10MM position in Quarate (QRTEA), a micro-cap company (market cap just $750MM) which engages in engages in the video and digital commerce via television networks and e-commerce sites, as well as smaller positions in Corecivic, Aerojet Rocketdyne, Charter Communications and Liberty Latin America.
— Zero Hedge
Charter Communications Teams Up with RingCentral to Transform the Communications Experience for Businesses of All Sizes
Monday, 14 November 2022, 14:00:00
Charter Communications, Inc. (NASDAQ: CHTR), a leading broadband connectivity company serving more than 32 million customers in 41 states, and RingCen
— Business Wire
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