Jennifer Wallace: It Ain’t What You Don’t Know That Gets You Into Trouble

Jennifer Wallace’s notes from the 2019 Value Invest New York Conference. Jennifer is a founding partner of Summit Street Capital Management, LLC and serves as the firm’s Chief Investment Officer and Portfolio Manager. Q3 2019 hedge fund letters, conferences and more Jennifer Wallace: It Ain’t What You Don’t Know That Gets You Into Trouble United Therapeutics Corporation (NASDAQ:UTHR) 21% cash on cash yield stock down 50% 50% margin 100% upside Pulmonary Arterial Hypertension PAH pure play orphan drug blood vessels in lung 100k die b/c of no lung transplant 50% of rev cliff in 2018 false pattern recognition because cliff…