Wednesday, March 19, 2014
Joel Greenblatt was on CNBC today. He surprisingly recommended buying a bucket of cheap tech stocks: AAPL, HPQ, etc. He thinks it comes down to valuing businesses and buying them at a discount. He thinks large caps have a much better valuation than small caps.
Monday, March 17, 2014
George Soros recently gave a talk at the LSE on the Tragedy of the European Union. Very shortly he is also releasing a book, which has the same title. Basically he thinks the EU is a mess and will eventually be broken apart. Enjoy:
Saturday, March 15, 2014
Daniel O'Keefe of Artisan Partners (he was named the 2008 and 2013 Morningstar International Fund Manager of the year) gives a rare interview talking about how he is looking at the investing environment and where he is finding value today.
Kyle Bass of Hayman Capital Partners was recently on CNBC to talk about Nationstar Mortgage Holdings (NSM).
Thursday, March 13, 2014
This week Bill Ackman's Pershing Square gave another lengthy webcast presentation on their Herbalife (HLF) short. This time they focused on HLF's practices in China and how they thought HLF was operating illegally. The presentation can be found below:
Don Yacktman the founder and CIO of Yacktman Funds is out with their 2013 Annual Report. AMG bought Yacktman a few years back. In the past year the fund returned approximately 27%. The average annual return over the past five years has been 22.4% (impressive to say the least).
Tuesday, March 11, 2014
It looks like Whitney Tilson is hitting the fund raising road with his fund - Kase Capital. They put out an investor deck that gives the nitty-gritty detail of the funds. With $77m in AUM he has done an amazing job making his voice much larger than his capital base. Interesting stuff.
Monday, March 10, 2014
Carl Icahn was on CNBC today. In this clip he shares his thoughts on Herbalife (HLF) and Bill Ackman's efforts to date. While its nothing new its interesting to get his take on some of the recent news of the lengths Pershing has gone to. Enjoy:
Carl Icahn called into CNBC today to share his thoughts on a wide range of issues. While it wasn't as electric as his on air debate with Bill Ackman it was interesting none-the-less. In this first video he shares his thoughts on EBAY and talks about what he thinks needs to change:
Leon Cooperman of Omega Advisors was on CNBC earlier today talking up his portfolio and sharing his thoughts on the market. He likes AIG which he thinks can rally 25%, Citi and JPM at 10x look attractive, Sallie Mae, Sandridge Etc. Overall it was his typical talk but interesting to hear. Nothing earth shattering. Enjoy:
Thursday, March 6, 2014
Jamie Dinan was on CNBC today talking about how he thinks American Airlines is going to be worth $60 which is 10x their forward EPS estimate of $6. He also thinks Mens Warehouse is an interesting company with the Jos. A. Banks merger.
Wednesday, March 5, 2014
Jim Chanos recently spoke at the Reuters Investment Summit. Today he sat down for an interview to discuss his current short positions. He is short coal miners as an extension of his short on China and is also short Exxon which he views as more of a value trap than a value play. Enjoy:
Monday, March 3, 2014
Bruce Berkowitz was on Bloomberg TV earlier today talking about his opinions on Fannie and Freddie. He is currently pursuing a lawsuit to remind the government that both Fannie & Freddie are still owned by all shareholders and not just the government. He won the ability to do some federal discovery to find out some more information on the companies and understand whether or not they will be privatized or taken over completely by the government. This is a fairly big position of Fairholme and is also a "hot" name with other hedge funds. Bill Ackman's Pershing Square has acquired substantial amounts of common stock in both Fannie & Freddie and thinks it can return 10x. Other hedge funds have also started to circle the names.