Investors Made 200% on Move Inc. -- Did You?

More than three years ago, Move Inc. MOVE traded for a couple a bucks a share. It was anything but an exciting stock. As a company that operates an online network of real estate search sites (among other things), Move had failed to inspire investors to, well, move. The stock was not dead but it did not appear to be going anywhere. David Nierenberg, the founder and president of Nierenberg Investment Management Company, saw value in Move. He recommended the company at the Value Investing Congress in October 2009. At that time Move traded for $2.58 a share. Fast-forward to 2012 and it is a whole other story. Move has performed incredibly well -- by the time Nierenberg sold his shares in November, the stock had swelled to roughly $7.60 per share. This provided him with gains of almost 200 percent! Only those who attended the Value Investing Congress were able to immediately benefit from Move's impeccable market move. Nierenberg also recommended Heartland Payment Systems HPY, which has gained more than 115 percent over the last three years. The Nierenberg Investment Management founder was just 13 years old when he started investing in 1966. During a recent interview, he spoke about how he once specialized in fixing underperforming businesses. He said that when he started the D3 Family of Funds he liked to focus on micro caps because they are "probably the most inefficient part of the domestic public market." Nierenberg is scheduled to speak at next year's Eighth Annual Spring Value Investing Congress in Las Vegas. Scheduled to take place on May 6 and 7, 2013, the upcoming event will feature a number of prominent speakers, including Steven Romick, Guy Gottfried, Phillip Goldstein, John Hempton and Whitney Tilson, among others. Benzinga readers can save $400 off the entry price if they register and enter code S13BZ2 by Thursday, January 31. Follow me @LouisBedigianBZ