Lincolnshire Management Inc.'s $35 million preferred stock
investment in struggling Wabash National Corp. in August 2009 came
despite an estimate that Wabash would lose $45 million in Ebitda by
year's end. As the firm's Michael Lyons recounts, it was a smart
move. Less than a year later, Lincolnshire has partially realized a
545% gain. - Suzanne Stevens