Saturday, July 19, 2014
Dan Loeb is out with his Q2 2014 Letter to investors. In the letter he reveals that Third Point is up 6.0% YTD vs. 7.1% for the S&P 500. He also discusses positions in Kroton Educacional SA, Fibra Uno, Argentina, and Royal DSM NV. Enjoy:
Tuesday, June 17, 2014
Bill Ackman was on CNBC talking about Valeant. This is the third part of the video. In this part they discuss whether or not Pershing's move into Allergan is fair. Bill makes the analogy that the activist investor brings things to the company that allow them to benefit - his example is that they would not have bought Canadian Pacific if they had not known they were going to make Hunter Harrison the CEO. So looks like activists play by special rules.
Bill Ackman was on CNBC recently sharing his opinions on Valeant. In this video he continues to make the case of why Jim Chanos is wrong on his Valeant short. The interesting tidbit is apparently Jim Chanos has never been a fan of serial acquirers and was even short Danaher at one point.