Bill Ackman on CNBC

Bill Ackman was on CNBC today talking about a range of things.

In the first video he discusses Barnes & Noble and Burger King:


The second video he discusses Canadian Pacific and the current situation there.


In the third video, Hunter Harrison (former CEO of Canadian National) comes in and talks about the situation:


In the final video, Bill Ackman speaks about America's educational divide as well as an update to his Hong Kong dollar short.

Corsair Capital Q1 Letter

Attached please find Corsair Capital's Q1 letter. For the quarter they were up 7.4% versus 12.6% for the S&P. Annualized since inception their return is 14.6% verus 9.3% for teh S&P 500. They walk through a brief update on their opinions on the market as well as some position updates. As per normal they include an appendix that has a write up of a current position - SunCoke Energy - SXC. They basically argue that its worth $25 versus current trading of $14.

Enjoy.

Corsair Capital - 2012.04.24

Jeff Gundlach on CNBC

Jeffery Gundlach was on CNBC today where he shared his views on the market. He walked through what he thought the next logical moves for the Fed were and how this would likely play out. He even goes on to give a bit of a economics lesson to the folks at CNBC.

Enjoy.

GMO Capital, Jeremy Grantham April 2012 Letter

Below please find the latest and greatest from Jeremy Grantham and GMO Capital. In the letter he discusses some of his current thinking along with some interesting other musings.

Enjoy.

Grantham Q2 Letter

Michael Steinhardt on Bloomberg

Michael Steinhardt was recently on Bloomberg discussing his opinions on the markets, etc. He then goes on to discuss how he feels the spirit is gone from Wall Street and how bonds are no place to be.

Enjoy.

Pershing Square's Presentation on Burger King

Pershing Square via their SPAC - Justice Holdings Ltd. is acquiring Burger King and taking it public. The presentation walks through the transaction details as well as the Company's growth potential. It also goes on to walk through their potential valuation - they feel that once the merger is complete the new Burger King is worth $15 - $20 per share today and they think earnings have the potential to quadruple if they are successful on their domestic turnaround and their international expansion. So their price target is between $26 - $41 by 2016.


Justice-Is-Best-Served-Flame-Broiled

Jim Chanos on CNBC

Jim Chanos was on CNBC today discussing his short on China as well as some of his other short positions. He spoke about how he is short Chinese banks and how they have been great shorts over the past few years.



In the second video Jim Chanos discusses his shorts on Coinstar (CSTR) and DEll (DELL). He is short Coinstar since digital spending in the US is declining and DVDs as a percentage are beginning to decline like VHS did. Coinstar has yet to transition to digital so they will be hurt by this trend. He also discusses how he thinks about the world and how he thinks about investing.