Our model portfolios (security selections and respective weights) are currently being constructed. In the meantime, we have provided access to samples of recent sample trade recommendations representative of our strategies.
The following case study pertains to a recent trade recommendation for Avaya Communications. During the market panic selling in November, Panthera was comfortable with Avaya’s credit given growing free cash flow. But we determined the equity was relatively richly valued. With an anticipation of improving credit but sensitivity to the equity, Panthera recommended a long convert strategy, which resulted in the bonds trading several points higher with the stock.