Double Haul Capital invests in LEAPS, warrants and severely mispriced equities with clearly defined catalysts in the near future
About Us
Consistently outpacing our fishing expenses and the market...
Double Haul Capital seeks to generate superior returns through the measured use of long-term equity options like LEAPS and warrants on mispriced equities. By identifying mispriced equities that have a clearly defined path for underlying equity price improvement with catalysts that fit in the timeframe, we are able to generate outsized returns with smaller capital allocations in each position we take.
Team
Stephen Cone
Stephen grew up in Wilmington, NC where he developed his love of fishing in the saltwater marshes and mountain streams of NC. He went on to attend UNC as a Morehead-Cain Scholar and graduated Phi Beta Kappa in 2016. Previously, he worked as an Investment Banking Analyst with Morgan Stanley in NYC. He then spent 4+ years in middle-market private equity on the investing and operating sides of the business.
As a value/contrarian investor, he takes the most pride in his all-in bet on small cap Permian Basin oil E&Ps (CDEV, CPE, LPI) when oil turned negative in 2020. By analyzing hedge books and debt schedules, he was able to identify which equities had been priced for bankruptcy that was very unlikely to ever come.
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Annualized Returns
2020: 75.21%
2021: 64.04%
2022 (as of 3/29): 23.14%
Benjamin (B.C.) Cone
Coming Soon!