Friday, November 30, 2012
Bruce Berkowitz recently sat down for an interivew at the University of Miami. While he does reiterate some of his usual shtick overall its still worthwhile. Enjoy.
Muddy Waters came out with their research on OLAM. They originally spoke about it at the Ira Sohn London Conference and now have unveiled the entirety of their thoughts. In an interesting twist, today they offered to pay for OLAM to have its U.S. publicly traded debt rated by S&P. I am interested to see how this plays out. While the following is long its a good example of the exhaustive type research that is needed to differentiate yourself in this environment. Enjoy. MW_OLAM_11272012
Thursday, November 29, 2012
Jim Chanos, founder of Kynikos Associates Ltd., Wesley Clark, a retired U.S. Army General, Larry Summers, of Harvard and Treasury Fame, and Howard Lutnick, chief executive officer of Cantor Fitzgerald LP, were on Bloomberg Street Smart to talk about the U.S. fiscal cliff, the economy and budget policy. Aside from the overly theatrical intro the overall content is pretty interesting. Granted there is nothing too new on this but overall its good background fodder. Enjoy.
Tuesday, November 20, 2012
Jeremy Grantham and GMO Capital are out with their latest quarterly letter. In the letter he discusses how forward GDP will likely be much-much lower than it has been historically. He lays additional ground work for his long-resources thesis and why he believes they will outperform. As usual quite enjoyable. Grantham road to zero growth
Monday, November 19, 2012
Below please find Hayman Capital's Q3 2012 letter to investors. In the letter Kyle Bass talks about central banks debasement of currency, his opinion on the forward economy, and a very detailed overview of the Japanese pending crisis. Overall it is very enjoyable and well worth the read. Enjoy. Kyle Bass
Friday, November 16, 2012
Tuesday, November 13, 2012
TPG-Axon's Dinakar Singh was on Bloomberg TV today talking about his investing strategy and his recent activist streak. He talked about his current activist campaign at Sandridge Energy. In the next clip he briefly talks about his worry over the impending fiscal cliff and the global need for governments to contract.
Friday, November 9, 2012
Trian Partners recently gave a presentation at the Invest for Kids Conference in Chicago. At the conference Nelson Peltz presented the firm's take on Danone. Hat tip to Marketfolly for posting the preso. Enjoy: Peltz-Presentation-Danone-Invest-For-Kids
Tuesday, November 6, 2012
Sunday, November 4, 2012
Hat tip to Hunter for posting Castle Union's recent quarterly letter. For those of you unfamiliar with Castle Union it is a fund run by Toan Tran and Steve White. Q3 was their first real quarter as the fund was launched in July 2012. In the quarter they were up 5.62% net. One of their best performers in the quarter was Eagle Hospitality Preferred Stock. They go on to say that if Blackstone is able to sell of the properties that Eagle Hospitality owns at a 8% caprate it would result in a $15 stock price compard with a $5.25 close on Friday (Castle Union's cost basis is $1.95/share). They go on to discuss how they think Meru Networks is poised to be sold a multiple of gross sales resulting in a multiple of their current trading price. Overall its an interesting letter from an emerging manager. Enjoy. 2012 q3 Letter Ddic