Veripos Gushes First Returns from the Oil Patch

By Kevin Rose, in our one-man New York office Last week was a cracking one for the International Fund. You might have noticed American Express and Google were up substantially thanks to excellent results announcements. But the biggest gain came from Veripos Inc, a provider of GPS positioning services for the offshore oil and gas industry. The September Quarterly Report laid out our thesis on the energy sector and detailed a few of the bargains we have found. We opted not to disclose company names to allow flexibility for future purchases, but recent positive events have made that moot for...

By Kevin Rose, in our one-man New York office

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