Reports are coming in that the FTC will make a decision on the Reynolds American (RAI) and Lorillard (LO) merger next week. A rumor is circulating that a Federal Trade Commission Staff member has recommended that the FTC block the… Read More
In Glenview Capital Management’s 4th quarter letter they break down their investment thesis in McDonald’s (MCD) and the steps they think the company can take to reach a value of $169 per share. 1) Operational turnaround. While the broader category… Read More
Sometimes we forget just how big Standard Oil was. The three major U.S. oil companies: ExxonMobil (XOM), Chevron (CVX), ConocoPhilips (COP), all used to be a part of Standard Oil.
From the Financial Times what Seth Klarman has learned from Warren Buffett. Value investing works. Buy bargains. Quality matters, in businesses and in people. Better-quality businesses are more likely to grow and compound cash flow; low-quality businesses often erode and… Read More
Beer has been with mankind since its accidental discovery some 6,000 years ago. The leading global seller of this 6,000 year old staple is Anheuser-Busch InBev (BUD). BUD’s U.S. listed ADR hit an all-time high last week based on several… Read More
A portion of a reproduced Seth Klarman letter discussing bear markets and how to manage them. ‘A bear market is still a market’ — Seth Klarman letter on how to play one…reproduced by Value Investor Insight. pic.twitter.com/asCei2LfEB — Herb Greenberg… Read More
On Friday, February 6, 2014 Harris Corp. (HRS) made an offer to buy Exelis (XLS) for $4.75 Billion or $23.75 per share. The deal is a cash and stock deal which means an Exelis shareholder will receive $16.63 per share… Read More
From the most recent AMM Dividend Letter. Join our mailing list here. Current Income to Owners: Investors in common stocks own a pro-rata share of the companies in their portfolio and thus should think like owners. Many of our clients… Read More