Nelson Peltz’s Trian Fund Management has disclosed a 6.6% stake in Family Dollar Stores Inc (NYSE:FDO). The Purpose of Transaction item on the 13D discloses fairly standard boilerplate, although a buyback seems to be in the plans: The Filing Persons acquired the Shares and Options (collectively, “Issuer Securities”) because they believe that the Shares are currently [...]
Archive for July, 2010
Peltz files 13D for Family Dollar Stores Inc (NYSE:FDO)
Posted in About, Activist Investors, Value Investment, tagged Family Dollar Stores Inc (NYSE:FDO), Nelson Peltz on July 30, 2010 | Leave a Comment »
KKR cheap on a sum-of-the-parts basis?
Posted in About, Stocks, Value Investment, tagged KKR & Co. L.P. (NYSE:KKR) on July 29, 2010 | 3 Comments »
Barron’s has some interesting “sum-of-the-parts” analysis on the publicly traded limited partnership units of KKR & Co. L.P. (NYSE:KKR). Says Barron’s: KKR ran $55 billion in assets across a variety of strategies as of March 31. Simply valuing the management fee stream from these assets at a 15 price-to-earnings multiple, in line with other money [...]
T2 Partners on BP, MSFT and BUD
Posted in About, Stocks, tagged Value investing on July 28, 2010 | 1 Comment »
Market Folly has T2 Partners’ presentation to the 7th Annual Value Investing Seminar, in which they discuss three opportunities in BP, which I’ve discussed in the past, MSFT and BUD. Says Jay: On Anheuser-Busch InBev, T2 Partners says, “you can currently buy BUD with an entry FCF yield of 10% for a business that can [...]
S&P’s list of LBO candidates
Posted in Activist Investors, Stocks, Value Investment, tagged LBO, Leveraged Buyout on July 27, 2010 | Leave a Comment »
The WSJ has an article on Standard & Poor’s Valuation & Risk Strategies list of 10 publicly traded companies that could be LBO targets: Analysts at S&P Valuation & Risk Strategies chose companies in the consumer discretionary and industrial sectors, because these sectors, along with financials, have been especially active for buyouts. Also, they picked [...]
“Chocolatefinger” and an old-fashioned cocoa corner
Posted in About, tagged Anthony Ward, Chocolatefinger on July 26, 2010 | Leave a Comment »
The NYTimes has an article on Anthony Ward and his attempt to corner the cocoa market. The British news media has amusingly christened him “Chocolatefinger” in homage to the Bond villain Auric Goldfinger: LONDON — To some, he is a real-life Willy Wonka. To others, he is a Bond-style villain bent on taking over the world’s supply of [...]
Mr. Market refuses to do what he’s supposed to, apparently
Posted in About, Stocks, Value Investment, tagged Ben Graham on July 23, 2010 | 9 Comments »
Interesting commentary out of Minyanville (Today’s Market Is Missing Valuation, Fundamental Metrics) from a self-described “old valuation guy” lamenting the disappearance of value and value investors from the market. I usually enjoy these articles. I like sitting on Uncle Warren’s knee while he talks about the time he swapped a bag of cocoa beans for [...]
6th Annual Value Investing Congress New York October 12 and 13
Posted in About, Stocks, Value Investment, tagged Value Investing Congress on July 22, 2010 | Leave a Comment »
Greenbackd readers, get your exclusive $1,800 discount for the 6th Annual Value Investing Congress on October 12 & 13, 2010 in New York City. This offer expires in 8 days, so get your ticket now using dicount code: N10GB4. The Value Investing Congress is the place for value investors from around the world to network [...]
East Coast Asset Management on Becton, Dickinson and Co. (NYSE:BDX)
Posted in Value Investment, tagged Becton Dickinson and Co. (NYSE:BDX), East Coast Asset Management on July 22, 2010 | 1 Comment »
The inestimable Market Folly has a wonderful post on East Coast Asset Management’s long case for Becton, Dickinson and Co. (NYSE:BDX). Jay says: East Coast Asset Management is out with an in-depth presentation on Becton Dickinson (BDX). They lay out the bullish case for the company and assume that if you hold it for three [...]
RDI Update: Settles tax matter with IRS and to receive debt forgiveness
Posted in Activist Investors, Lawndale Capital Management, Reading International Inc (NASDAQ:RDI), Stocks, tagged Andrew Shapiro, Lawndale Capital Management, Reading International Inc (NASDAQ:RDI) on July 21, 2010 | 1 Comment »
Andrew Shapiro, President of Lawndale Capital Management, has provided a further update on Reading International Inc (NASDAQ:RDI) (see the RDI post archive here): In Reading’s 2008 Consolidated Entertainment/Pacific Theaters acquisition of 181 movie screens in California and Hawaii, there were three contingent purchase price reduction tests, each forgiving a portion of the acquisition’s seller note PLUS interest [...]
Guru calls: Better lucky than smart
Posted in About, Stocks, Value Investment, tagged Hervé Jacques on July 20, 2010 | 1 Comment »
Hervé Jacques has provided a guest post on the accuracy of guru prognostications. Here’s Hervé’s bio: Hervé is a veteran of 30-year of market activity on the official sector side (central banks, International Financial Organizations) with first hand experience of FX and fixed income markets. He is now consulting for official and private institutions, targeting [...]
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