Tuesday, October 17, 2006


LINK: How a hedge fund vanishes.

Barron’s Online „Inside Scoop” section highlights GenTek (GETI), whose shares have soared to a 52w high after the run-up in oil prices earlier this year boosted the diversified industrial-supply maker's sales of petroleum-refining chemicals. One of its major institutional shareholders, however, still believes that there is plenty of value left in the stock. On Oct. 10, Pamet Capital Mgmt shelled out a total of $14.8m for GenTek stock, buying 524K shares. The investment firm now owns 17.65% of GenTek's outstanding shares.

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