Q: Hi, Pat. I’m a long-time member of the Inner Circle and consider your advice over all others. I own 1,000 shares of Senvest Capital (SEC on the TSX). I’ve owned them so long—can’t remember how long. The stock has taken many wild swings over the years and at this time it’s at its peak. May I have your impression of this stock? Thanks.
A: Senvest Capital Investments, $246.42, symbol SEC on Toronto (Shares outstanding: 2.8 million; Market cap: $673.2 million, www.senvest.com), manages a portfolio of equity and real estate investments.
The company’s investments in both publicly traded and privately-held companies are principally carried out through Senvest International, while its investments in real estate are principally carried out through Pennsylvania Properties Inc., Senvest Argentina and Senvest Equities.
Senvest’s equity holdings are principally in small- and mid-cap companies located primarily in the U.S. The company’s real estate holdings are located primarily in the U.S. and are held principally through different U.S. REITs. It has also invested in self-storage properties in Spain as well as in other properties in Argentina.
Some of Senvest’s largest holdings as of June 30, 2017 are Paramount Resources (POU), Tower Semiconductors (TSEM), Radware (RDWR), Solar Edge (SEDG) and TrueCar (TRUE). As of that date, the company had total assets of $2.9 billion.
Senvest takes on considerable risk with some of its holdings, it looks for…
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