Published on 23 Jul 2022 on Insider Monkey via Yahoo Finance
Black Bear Value Partners: “EAF is in a Unique Position”
Black Bear Value Partners, an investment management firm, published its “Black Bear Value Fund” second-quarter 2022 investor letter – a copy of which can be downloaded here. The Black Bear Value Fund, LP (the “Fund”) returned –6.7% in June and –2.7% YTD. If a downturn is going to impair a business permanently, it’s typically not a fit for this Fund. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.
In its Q2 2022 investor letter, Black Bear Value Fund mentioned GrafTech International Ltd. (NYSE:EAF) and explained its insights for the company. Founded in 1886, GrafTech International Ltd. (NYSE:EAF) is a Brooklyn Heights, Ohio-based carbon and graphite product manufacturing company with a $1.9 billion market capitalization. GrafTech International Ltd. (NYSE:EAF) delivered a -35.59% return since the beginning of the year, while its 12-month returns are down by -28.38%. The stock closed at $7.62 per share on July 21, 2022.
Here is what Black Bear Value Fund has to say about GrafTech International Ltd. (NYSE:EAF) in its Q2 2022 investor letter: