Andrew Schornack
23 posts
Oaktree is a global investment management firm focused on alternative markets and is best known for its distressed investments portfolio.
The large ownership stake of the U.S. Treasury is overhang, but as the business continues to reduce non-core assets it can buy back shares from the U.S. Treasury at below book value.
I believe the stock is at or near a bottom and is moving forward with a turnaround under the guidance of CEO Craig R. Herkert.
This time of year always seems to be finicky in the markets so it is important to rely on the fundamentals and your thesis.
The market has recently pulled back from an impressive run thus far in 2012. The overall market has certainly been encouraging.