09/29/2007 10:43 AM CDT Asked by -2cents
They have enjoyed huge success from the easy to understand companies. I guess their strategy of long term ownership is what works.

bridging loans bridging finance Adverse credit mortgage Buy to Let Mortgage

08/17/2007 02:09 AM CDT Asked by Themaker777
Buffet and munger only buy simple easy to understand companies.

07/19/2007 23:49 PM CDT Asked by DogBones
On July 12, 2007, Third Point LLC disclosed in a 13D filing that it had acquired a 7.2% stake in Atmel Technologies (ATML). Third Point did not report a stake in ATML as of March 31, 2007.

The shares were acquired between May 14 and July 11 at an average price of approximately $5.45 per share.

This does not appear to be a passive stake.

07/19/2007 23:28 PM CDT Asked by DogBones
On July 16, 2007, Third Point LLC disclosed in a 13G Filing that it had acquired a 9.2% stake (2.2 million shares) of Flamel Technologies (FLML). This is a substantial increase from the 225,000 shares that Third Point reported as of March 31, 2007.

Flamel is already under pressure from activist fund Redwood Asset Management which is calling for a sale of the company.

07/19/2007 22:55 PM CDT Asked by DogBones
On July 16, 2007, Daniel Loeb’s Third Point LLC filed an amended 13D for PDL BioPharma (PDLI). It included a letter sent to the non-management board members reiterating its demand that the CEO Mark McDade be promptly terminated.

An excerpt from the letter:

Mr. McDade's record of incompetence, egregiously bad business judgment and serious ethical lapses has been well documented by one of PDL's founders, numerous current and former employees, as well as by Third Point. These concerns undoubtedly have been weighing on your minds as you have been considering the future of the Company. It is abundantly clear that the most immediate, positive, obvious and profoundly shareholder-friendly action that you can and should take is to remove Mark McDade as CEO of our Company.


Read the whole thing.

Link Here

06/23/2007 02:21 AM CDT Asked by OptionsMon
Just a note:
On 6/21/2007, MA was up 2.27% when the rest of this portfolio was in the red and the Dow was down over 180 points. MA was very strong today when the rest of the market turned over hard. That says something about the conviction of big holders in MA. I was impressed...

06/15/2007 00:31 AM CDT Asked by Buzzbait
Take no prisoners

12/06/2006 17:23 PM CST Asked by Jim Cook
MCD get the fat out
NYSE maybe
SHLD going noplace

11/30/2006 10:04 AM CST Asked by Sammy Lee
hilarious manager