John Paulson Buys – MOS, NWSA, SUG
As many of you already know, when John Paulson buys, investors tend to pay attention. Paulson made the 2011 list of the world’s wealthiest people and his net worth of $16 billion ranked him 39th.
Now according to some recent reports, Paulson’s hedge fund has had a bad August, which wiped away his previous gains for 2011. Just keep in mind that Paulson is bullish on the economy for the remainder of 2011.
Recent John Paulson buys
Mosaic (MOS:NYSE) We have commented on the Ag stocks for some time, and John Paulson Buys just established a new position of 2.25 million shares. Shares of MOS have declined since the announcement of the Cargill exit, and are currently up sharply on Monday.
News Corp. (NWSA.NYSE) Now this is a contrarian play, but many John Paulson buys have been in the small cap arena, so it’s obvious that he isn’t risk averse to large caps like NWSA. Shares of NWSA have seemed to bottom recently, but Mr. Murdoch always seems to attract bad press. The worst might not be over, but many feel this is a quality sum of parts play. Paulson picked up 10.4 million shares of this out of favor name as he established a new position.
Southern Union (SUG:NYSE) SUG is a domestic energy play for U.S. investors. and shares are approaching new highs. The dividend might not be attractive to some types, but SUG is a name that could really work if energy prices rise. John Paulson Buys stepped in recently and established a new position of 4.53 million shares.
Check back for more capsules on hedge fund activity. It never hurts to know what a pro like John Paulson buys.
More Penny Stock News, IPO Updates and Stock Market Research.