Is Regis The Next Hedge Fund Hot Stock?

Like to know what the smart money is doing right now? Maybe there’s a way to find out.

They say the Internet has opened up the lines of communication almost everywhere and that includes the most secretive investors out there – hedge funds!

A new site, called Sum Zero, allows hedge fund analysts to share ideas with one another in an online community and one of its members -- David Sackler, of Moab Capital Partners -- agreed to reveal his latest and greatest pick on Fast Money.

He’s bullish Regis. Here’s why:

”Basically RGS is the classic Warren Buffet company. It's a stable durable business that will be here in 100 years. It generates massive amounts of cash flow.

The situation is that the company, headed by Paul Finkelstein, 68, is undergoing a process of strategic alternatives that was announced and began in early August. We believe the company will be sold to a PE firm in the low to mid 20's as described below. Finkelstein's age and disposition are to execute a transaction for the company that's been his life's work, so we believe he'll take even a slightly below market bid.”

Sackler put together a complete and complimentary analysis and pitch for Fast Money viewers. It’s available on the Sum Zero website. Click here to check it out.

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Trader disclosure: On September 28th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Pete Najarian owns (NETL) call spreads; Pete Najarian owns (CNI); Pete Najarian owns (AMZN); Pete Najarian owns (AKAM) call spreads; Pete Najarian owns (LLNW) call spreads; Pete Najarian owns (NTAP) call spreads; Pete Najarian owns (DD); Pete Najarian owns (NOV); Pete Najarian owns (RRC); Pete Najarian owns (DO); Pete Najarian owns (GDXJ); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Terranova Owns (APA), (AAPL), (ARUN), (BMO), (C), (IBM), (HES), (JOYG), (XBI), (FTO), (OXY), (ORCL), (PEP), (POT), (RSH), (SU), (RIG), (UPL), (VRTS); Cortes is short (XLF); Cortes is short (BAC); Cortes is short (LVS); Cortes owns German Treasuries; Cortes is short the British Pound; Cortes is short corn; Weiss owns (JOYG), (BAC), (AKAM), (CSX), (VZ); Weiss is short (SF)

For Joe Terranova
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners own more than 1% of (ABAX)
Virtus Investment Partners own more than 1% of (ALK)
Virtus Investment Partners own more than 1% of (AMKR)
Virtus Investment Partners own more than 1% of (CASS)
Virtus Investment Partners own more than 1% of (CSVI)|
Virtus Investment Partners own more than 1% of (IGE)
Virtus Investment Partners own more than 1% of (LDR)
Virtus Investment Partners own more than 1% of (LPHI)
Virtus Investment Partners own more than 1% of (MGRC)
Virtus Investment Partners own more than 1% of (NRCI)
Virtus Investment Partners own more than 1% of (DBV)
Virtus Investment Partners own more than 1% of (XLB)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLF)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (YDNT)
Virtus Investment Partners own more than 1% of (DLUEY)
Virtus Investment Partners own more than 1% of (DRYS)

For Brian Kelly
Accounts managed by Kanundrum Capital own (GLD)|
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (ATI)
Accounts managed by Kanundrum Capital own (TIE)
Accounts managed by Kanundrum Capital own (PCL)
Accounts managed by Kanundrum Capital own (LPX)
Accounts managed by Kanundrum Capital own (RAX)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own (GPRE)
Accounts managed by Kanundrum Capital own (TIP)
Accounts managed by Kanundrum Capital are short (XLF)
Accounts managed by Kanundrum Capital are short (IAI)
Accounts managed by Kanundrum Capital are short (FDX)
Accounts managed by Kanundrum Capital are short (BCS)
Accounts managed by Kanundrum Capital are short (HYG)

For Rich Ilczyszyan
***No Disclosures***

For Carter Worth
***No Disclosures***

For David Sackler
Moab Capital Partners LLC Owns (RGS)

For Scott Nations
***No Disclosures***

CNBC.com with wires.