Monthly Archives: August 2013

Delicious IPO News

We note a couple of things that caught our eye heading into the holiday weekend. Potbelly Potbelly Corp., the “fast-growing neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items served by engaging people in an … Continue reading

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Not Much To Write About Today, So Why Don’t We Encourage Greed And Envy By Noting Recent Sales Of Facebook Stock By Insiders?

There have been a number of insider sales at Facebook this month, but we’ll stick to this week so far.  Here are the sales: Name Position No. Shares Selling Price Total* Michael T. Schroepfer CTO 90,000 $41.39 $3,725,377.92 Colin Stretch … Continue reading

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Anatomy Of A Trade: Execution Over Strategy

There are some things you can’t control. We are taking stock of the last several months to see what has gone right and what has gone wrong.  The wrong is easy.  We are still working through the market drops due … Continue reading

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Argentina Loses Appeal In Bondholder Fight As Court Sides With Bondholder Group Led By Elliott Management

Next up: Supreme Court, if it is willing to take the case. In a victory for investors in sovereign securities, the 2nd Circuit Court of Appeals ruled against Argentina’s appeal of the court order requiring Argentina’s payment of $1.3 billion … Continue reading

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Going Once, Going Twice . . . Third Point Takes Major Stake In Sotheby’s

Will the auctioneer become the next item up for auction? Daniel Loeb’s Third Point disclosed a 5.7% stake in Sotheby’s today in an SEC filing.  There appears to be some activist intentions behind the “investment purposes” it disclosed as the … Continue reading

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SunEdison To IPO Part Of Its Semiconductor Business

SunEdison to separate into two independent companies to focus on solar business. SunEdison is a manufacturer of semiconductors and solar panels and develops solar power plants.  SunEdison announced it would sell a minority interest in the semiconductor business and use … Continue reading

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Corporations Giving Board Seats to Activist Investors, Says WSJ

In fights with dissidents, corporations are giving corporate board seats to the insurgents as long as management appointees get to keep their seats, says the Wall Street Journal($). Why are we writing about it?  Because two of the examples are … Continue reading

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Latest LinkedIn Filing Demonstrates Again That The Future Is Mobile

Our hypothesis stands. LinkedIn recently filed its June 30 Form 10-Q.  We did not find too many earth-shattering revelations in the filing, but one thing caught our eye.  In its risk factor relating to mobile devices, LinkedIn is now discussing … Continue reading

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Facebook Consolidates Its Credit Arrangements, Gets Flexible In Use Of Funds

Showing the opposite trajectory of Zynga, Facebook amended its credit arrangements with its bankers to provide additional flexibility in its use of the proceeds of the loans. The updated credit agreement provides for up to $6.5 billion in loans, and … Continue reading

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After Dell Pushes Back Record Date for Buyout, Hedge Funds Respond By Buying Dell Shares

Shorter term investors looking for a quick exit now eligible to vote on the Michael Dell/Silver Lake buyout. The much-discussed Dell buyout previous had a record date of June 3, meaning you had to be a stockholder on that day … Continue reading

Posted in Activist Investor, Business Strategy, By the Numbers, Carl Icahn, Elliott Associates, Hedge Funds, Lawsuit, M&A, Private Equity, Shareholder Meeting, Trading Strategy | Tagged , , , , , , , , , , , , , , , , , | Leave a comment