By Darnell Brown David Tepper is the billionaire founder of the Appaloosa Management hedge fund. Appaloosa Management was founded in 1993 and is now a highly successful money management company with over $16 billion under their management. Mr. Tepper is known as a value investor, and today we will review seven of his top picks. Macy's Inc. (M) Macy's Inc. is a retail department store that operates in 45 states. Macy's Inc. has a market cap of $11.88 billion and a price earnings ratio of 12.50. The company's stock has performed quite well. The stocks 52 week trading range has been between $18.76 and $30.62. The current stock price is $27.83. On May 11th the company reported first quarter revenue of $5.89 billion, up 5.7% from the first quarter of 2010. Earnings per share was $0.30 compared to $0.09 in the first quarter of 2010. Macy's Inc. has done a terrific job of growing revenue, primarily at the expense of their competitors JC Penny (JCP) and Nordstrom (JWN). The company has been able to increase earnings by offering product lines that are regional specific and by reducing cost. This business formula has worked as the first quarter profits were up by [...]
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