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Sageview Capital founding partner Scott Stuart on the RBC Decathlon raising over $1.2 million for cancer research and the Canadian stocks investors sh...
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RB -- Capital One.
Named Wall Street's at best.
Actually yesterday as part of -- competition which raises money for Memorial Sloan Kettering Cancer Center.
Scott -- memorial Sloan Kettering vice chairman -- -- capital founder.
For the part of this project from the beginning and he joins me on fox -- exclusive and also written about markets at first to this decathlon.
We Jewish is looking at the health -- sector it raised a lot of money for cancer research how much.
It -- so far over one point two million dollars which is a lot of money to find a cure for childhood cancer.
But even more importantly it's up.
Over a 150% from last year so -- a great trajectory priced -- -- raise a lot of money.
-- models like coming up so we're the top cancer centers of update top cancer center in the nation.
You know let me ask you visiting we we haven't fully revealed yet.
Who one would like to the -- well.
I would like to do the honors of I can find the name in front of media overall winner at.
I was mark remark agreement from Barclays who played it.
For the NFL and I -- claims that I -- yes he did okay did you know federally fair I don't know.
Also up the top fundraiser was -- curse her risky from Goldman Sachs oatmeal Wall Street really got involved -- really put their time and -- -- Finances behind this.
Well I think that's why this is such a great idea you -- you think about it it always competitive people working on Wall Street.
So you bring it to an athletic event you have and compete thing of all their friends and colleagues bad on the outcome and obviously all the money goes to this great cause.
You know what the existing about what you're you've got to interesting views you've got the equity side of the business -- -- -- private equities to make KKR -- you've also got this connections Sloan Kettering.
The health -- it upheld by the Supreme Court.
Last month G think that there's going to be a shift in our -- are you concerned about recent development on the knuckles on.
Well I think there is going to be a shift in -- dollars just because our countries running out of money.
And budgets are getting tighter no matter what the field -- and health care will not escape the tightening in the budgets.
Let me get to something else -- dentist that you were KKR but now a sage true.
You're doing it's it's a hyper right so it's private equity and its public explore how that works that's sure that's something unique flavor that's yellow the idea that my partner and at Google and I had coming out of KKR which was -- a fantastic career.
But we thought that we could take that same long term view that same idea of doing deep fundamental research and really make long term bets on companies and management teams.
And not always have to buy control the company did you.
-- -- -- Its holdings right I mean typical 918 all we do which is sort of like the -- case private equity doesn't we have non public and nine private.
Okay what are the -- I've got this next to us about fish Oprah viewers us.
One of the private companies that may go public you tell me is go pro and it's a camera company this the channel camera that actually some of the broadcast industry -- -- He really -- this company.
A -- well as a consumer and investor are really like this company a lot of its growth rate is similar to the decathlon it's been growing over a 100% a year for the last few years -- and you can find them globally and you can attach into your snowboard -- contestants your chest for skiing.
You can use some you can put -- top of a kite board and -- are -- doing.
So kids and adults love these cameras so.
Obviously thought that's public that would be great for sage view but you've also got some other public holding -- holding some of them.
And Canada you're actually looking up north from -- Yup we have a couple of great investments in Canada and the energy business.
One is called shock core which is the leading global manufacturer of oil field coatings for pipes so there's always drilling going on around the world.
And our energy team identify the fact that -- -- was gonna benefit.
From all this drilling that all the drillers -- gonna have to buy a lot of coatings business and now you're seeing shock over the record backlog.
The revenues are shooting up the EPS according to the street will grow 50% next year.
And the stock's trading at eleven times before it -- Scott anything except -- -- right now.
Well everything.
You know the world is a risky place but we sort of like volatility because it allows us to buy equities cheap and -- -- when Iraq.
Scott did a lot of fattening things -- the show love to have you back Scott Stewart -- -- -- -- -- thank you sure nice to see Wall -- raising some money forget can't agree.
