Hedge Fund Trade of the Week: Enzon Pharma

Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick.

This week’s trade is Enzon Pharma , a bio-pharma firm that specializes in medicines for patients with chronic and life-threatening conditions.

Check out the company’s chart as well as some of its stats:

Enzon Pharma (ENZN)
Market Cap: $697 million
Sector: Health care
Industry: Biotechnology and Drugs
Based in: Bridgewater, NJ
52-week high: $11.78
52-week low: $8.86

Scaramucci selected this stock as his hedge fund trade of the week because it’s one part value play and one part takeover target.

”The company benefits from royalty streams from an arthritis drug and a hepatitis drug,” he explains. And Scaramucci thinks the royalty streams or the company itself could be sold.

And he also likes some of the other top hedgies who own this stock. Fast Money friend Carl Icahn holds shares – of course Carl is celebrated for maximizing shareholder value. Also, Seth Klarman of the Baupost owns this stock – a billionaire investor known for finding value.

Longer-term Scaramucci believes the company could be worth $20-$25 per share.

Click here to check out other Hedge Fund Trade Of The Week posts

* Anthony Scaramucci runs SkyBridge Capital, a leading alternative asset manager with more than $7 billion under management. Every week on Fast Money, Scaramucci, aka 'The Hedge', takes you behind the hedges, giving you an unprecedented look at the names getting the most chatter amongst the hedge fund community.



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Trader disclosure: On December 15, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL), (BAC), (F), (GE); Pete Najarian owns (DD) calls; Pete Najarian owns (DRYS); Pete Najarian owns (YHOO); Pete Najarian owns (BBY) calls; Pete Najarian owns (C); Pete Najarian owns (F) bonds; Pete Najarian owns (GE); Pete Najarian owns (LOW) calls; Pete Najarian owns (MSFT) call spreads; Pete Najarian owns (MS); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman Owns (AAPL); Finerman Owns (BAC); Finerman Owns (GOOG); Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (JPM); Finerman owns (MSFT); Finerman's firm owns (MSFT); Jon Najarian owns (CSCO), is short (CSCO) calls; Jon Najarian is short (V) puts

For Anthony Scaramucci
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