After Shorting GTAT Into Bankruptcy, Lakewood Points To Similarities In INVN

After turning in -1.1 percent performance on the quarter, Lakewood Capital’s Anthony T. Bozza notes periods of volatility have historically presented the fund with its best opportunities.

In a letter to investors dated October 24 reviewed by ValueWalk, Bozza noted that in recent weeks, investor anxiety reached levels “not seen for quite a while.” Most annoying, this caused many individual stocks to sell off rather quickly – and this occurred in the absence of any clear, fundamental changes.

Lakewood stepping in Russia and investing in energy industry

Lakewood has historically discovered among its best investments situations where it sees other investors on the run. In this regard, the...