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Showing posts from July, 2014

First Crown Research Presents: An Interview with Ryan J. Morris of Meson Capital

Here at First Crown we've been fortunate enough to interview Ryan J. Morris, president of Meson Capital.  Based in San Francisco, Meson is an entrepreneurial activist hedge fund that invests in proven businesses undergoing inflection points that they identify or cause.   For more information on Meson, please visit their website:www.mesoncapital.comEnjoy!
What has been your best trade in terms of an annualized return, and what was that story like?
Though I am far better known as a long-focused investor, our biggest short: Odyssey Marine (OMEX) has to be up there – the stock was $3.00 when we shorted it Oct 31, 2013, predicting it would be $0 within 12 months (or be forced to do a dilutive equity raise).  Now, ten months later, the stock is around $1.30 (-66%) vs. the overall market being up roughly 10% in that time.  We've added to it all the way down so if it files for bankruptcy in the next month or two as we are predicting, it could exceed a 100% IRR. The story has been fairl…