“Berkshire needs an activist,” says Bill Smead, the lead manager of the Smead Value fund, which counts Berkshire Hathaway among its top 10 holdings. Smead’s comments reflect the frustration of some Berkshire Hathaway shareholders who complain that CEO Warren Buffett has been too cautious during the recent market turmoil...
Carl Icahn is seeing red. In a letter Monday blasting Occidental Petroleum ’s management and board, Icahn, the billionaire activist investor and Occidental shareholder, asserted that Warren Buffett took Occidental CEO Vicki Hollub “to the cleaners” when Occidental (ticker: OXY) agreed to issue $10 billion of preferred stock to Berkshire Hathaway (BRK.A) in late April. That preferred carries an 8% dividend yield, and Berkshire also got valuable warrants on Occidental stock...
At age 53, the activist investor Bill Ackman is having the best year of his career . And for those who want to invest alongside him, there is now an opportunity to get in at a big discount. Ackman’s closed-end fund, Pershing Square Holdings (ticker PSH. Netherlands), closed Tuesday at $17.90 a share, a 28% discount to its net asset value of $24.92 on June 30...
Carl Icahn’s latest target is Occidental Petroleum . He has blasted the company for its “hugely overpriced acquisition of Anadarko Petroleum ” and for disenfranchising shareholders by refusing to allow them to vote on the deal . While there is little the activist investor can do to stop the $38 billion acquisition, he is adding to the growing shareholder pressure on Occidental (ticker: OXY)—and that could be bullish for its depressed stock...
Activist investor Bill Ackman is enjoying a modest revival this year after three terrible years of investment performance...
Franklin Resources shares could gain 15% if an activist presses it to return some of its cash to shareholders...
smaller; Larger. A new high in chutzpah or a new low in corporate governance—or both. On Friday, the supposedly independent special committee of the Dell board OK'd a surprise deal that will help founder Michael Dell and Silver Lake, an investment group, ...
