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This Hedge Fund Stock Is Off Over the Last Year, But Things Could Be Looking Up

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Michelle deBoer-Jones
Published on
Lifecore Biomedical
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If there's one thing investors have a love-hate relationship with, it's drama. Certain kinds of drama send a stock skyrocketing, while anything that triggers uncertainty sends it plummeting. Lifecore Biomedical Inc (NASDAQ:LFCR) has certainly seen its share of drama over the past year or so, and investors generally haven't been happy.

Shares of Lifecore Biomedical have tumbled 15% over the last year, although they're up about 2% year to date.

Long-running special situation

However, several hedge funds have stuck with the company throughout all the drama and uncertainties and now are starting to see light at the end of the tunnel. Some are even starting to pick up some shares in Lifecore Biomedical now that things may be turning around.

What's interesting about Lifecore...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.