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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Finding nuggets in the Alaska Permanent Fund

Posted on 17 September 2010

From Investopedia.com: The Alaska Permanent fund owns 29 textile and apparel stocks. Its greatest unrealized loss is from the Dixie Group, a Tennessee-based carpet manufacturer whose $39 million market cap is 60% of its net tangible assets, which are $65 million, or $5.06 a share. Its second-quarter results were decent.
Revenues showed double-digit growth and the company delivered a small operating profit. Alaska paid $12.81 a share for the company so it’ll be holding them for a while. It will take quite some time for Dixie’s shares to recover, but the good news is that the last time the stock traded this high was in June 2007…………………………………….Full Article: Source

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