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Spying Mohnish Pabrai: Value Guru Looks to Rebound with Bets on Retail and Airlines
By admin - Posted on February 16th, 2008
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Mohnish Pabrai, an increasingly well-known investment advisor in the mold of Warren Buffett, had a rough Q4, during which he was forced to unwind a failed bet in Delta Financial (DFCLQ), a mortgage lender that was forced to declare bankruptcy despite an attempted rescue plan that involved Pabrai buying $10 million in convertible bonds.
Looking at Pabrai's holdings at the end of 2007, it appears that he sees this convergence of factors in Sears Holding, helmed by another famed investor, Eddie Lampert.
Pabrai, a former IT consulting exec, has said in interviews that he typically looks for stocks that offer a combination of low risk and high uncertainty.
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