At a time when all major stock indices have plunged into bear-market territory, it's virtually impossible to pick winners. However, it's not totally impossible, and one fund manager is getting creative with his stock picks as a result.
Thesis For Lanxess
At the 2022 Invest for Kids Conference, Scott Ferguson of Sachem Head Capital Management offered his thesis for Lanxess, a German chemical company. Now sporting a €3 billion market capitalization, Lanxess was formed from the spinoff of the chemicals division and parts of Bayer's polymers business.
Q3 2022 hedge fund letters, conferences and more
Jokingly, Ferguson advised young analysts nervous about being fired not to pitch a German chemical company. However,...
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