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Is AltiGen Communications (ATGN) a Smart Long-term Buy?

·2 min read

Donville Kent Asset Management recently released its Q3 2020 Investor Letter, a copy of which you can download here. Since the end of March 2020, the Fund has risen by 35.51%, while the S&P/TSX Total Return Index has increased by 22.51%. You should check out Donville Kent Asset Management's top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

In the said letter, Donville Kent Asset Management highlighted a few stocks and AltiGen Communications Inc (NYSE:ATGN) is one of them. AltiGen Communications Inc (NYSE:ATGN) designs, manufactures, and markets next generation, server-based telecommunications systems. Year-to-date, AltiGen Communications Inc (NYSE:ATGN) stock gained 28.3% and on November 9th it had a closing price of $2.06. Here is what Donville Kent Asset Management said:

"Altigen Communications (ATGN) is a leading Microsoft Cloud Solutions provider, delivering fully managed Cloud-based unified communications services based on the Microsoft platform. The company acquired an additional cloud-based platform to supplement its Microsoft Teams solution. The stock has performed well and we expect even more upside as the growth of cloud revenue accelerates."

Leszek Kobusinski/Shutterstock.com

Our calculations showed that AltiGen Communications Inc (NYSE:ATGN) isn't ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:

Disclosure: None. This article is originally published at Insider Monkey.