Valsef Capital, Inc.

June 26, 2014 13:27 ET

Valsef Capital Seeks a Financial Analyst as Company Expands

MONTREAL, QUEBEC--(Marketwired - June 26, 2014) - Valsef Capital is a growing investment company seeking a full time analyst to conduct in-depth financial research on various companies as instructed by management, such as Stephane Manos, President of special situations division at Valsef Capital. The ideal candidate must possess the following: a strong business/financial background, a degree in business/finance (MBA or CFA an asset), advanced knowledge in the field or prior relevant experience will also be considered a strong understanding of advanced accounting practices. The candidate must also have the ability to understand balance sheets, income statements, cash flow statements, to go through a company's SEC filings and compile research on industry, company trends. The applicant must be very familiar going through financial documents (10K, 10Q, proxies), accounting proficiency (comfortable with terms such as ROE, ROC, ROA, sharebuybacks), the ability to work independently and passion for the field of investment is a must.

About Valsef Capital:

Valsef Capital, Inc. is an investment firm that invests in promising businesses across the globe that have shown potential and growth. This innovative investing corporation has an outstanding team. Each member of the Valsef personnel contributes great knowledge of online and offline ventures, as well as private company investments.

For more information and for candidates interested in joining the Valsef Capital team, please contact and submit your applications to Stephane Manos.

About the market:

Considering how the market has behaved so far in 2014, new issuance of common stocks offers investors the opportunity to make up to 8% in a few days. Manos cautions investors to start on a smaller scale if they wish to play these special situations such as stock issuance. As investors get more comfortable, they can scale up, making certain the odds lean on your side. A good financial analyst must be vigilant.

"For example, in May 2014, Orbitz Worldwide (OWW) had an issuance of new shares. Orbitz is a web site where users can research, plan and book travel; it's chief competitor being Expedia. From the beginning of May 2014, Orbitz was steadily trading between $7.10 and $7.50. On May 19th, Orbitz had sent out a press release, announcing an underwritten public offering of 7.5 million shares of its common stock by an affiliate of Travelport Limited. On that day, the stock suddenly dropped to $6.90 and going as low as $6.60 on May 22nd. Travelport Limited was selling 7.5 MM out of its 45 MM shares that it held in Orbitz . This was roughly 15% of its holdings in the company. So why did the stock dip from $7.50 to $6.70 or almost 10%? As of May 19th, investors who wanted a piece of Orbitz no longer purchased through the stock market, but rather the price requested by the underwriters doing the deal, which caused demand to drop on the stock market. This was purely non-economic and this is what makes these situations so special. The investors participating in the new offering were the ones buying stock at below market value and the same groups were doing some selling as well. Valsef Capital took notice of this event and acted upon it, buying on the open market at around $6.70. We estimated that once the price was announced and demand for the stock was back to normal, it would trade at its original price of $7.50. Four days later, Orbitz published another press release announcing the pricing of the 7.5 million shares of its common stock held by an affiliate of Travelport Limited at a price to the public of $6.60 per share. Considering the press release was published pre-market, the stock popped 5% up once the market opened. Valsef Capital decided to sell half the purchased stock immediately, with the second half to be sold a few days later when the stock recuperated," explains Stephane Manos.

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