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InvestPitch: Sam Hendel - NYSE:NCT

Newcastle trades at a significant discount to the sum of its parts. We believe that the upcoming spinoff of Newcastle’s private-pay senior living portfolio into New Senior (to be listed November 2014; NYSE:SNR) will unlock the embedded value and tremendous growth opportunities in its strategy to roll up the fragmented senior living industry.

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Sam Hendel (Levin Capital Strategies, L.P.)
Recommendation: Long on Newcastle Investment Corp

Ticker: NYSE: NCT

About the Presenter:
Sam Hendel is a portfolio manager for Levin Capital Strategies, LP. Prior to joining the Firm, Mr. Hendel was a senior analyst and portfolio manager for event driven strategies at Satellite Asset Management (2006-2009). Click here to access the full bio.



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