Thursday, May 15, 2014
Leon Cooperman favorite stock picks on CNBC
Leon Cooperman was on CNBC today as part of his appearance at the SALT Conference. He walks through his favorite stock picks. He likes Monitise, AIG, Citigroup, Actavis, Thermoelectronics, Sprint, SiriusXM, and Sandridge Energy. They think AIG gets to mid 60s in the next few years as they get to 10% ROE. He also talked about why he sold GM. He also shared his thoughts on TimeWarner Cable which is their way to get exposure to Comcast (due to the acquisition). They also like Dollar General. Omega exited Apple at $650 and invested in Qualcomm they then went back into Apple in the low $500s and think its worth mid $600s.