13F season is always fun as it provides a rare (albeit delayed) glimpse into the thinking of large money managers and hedge funds. Of course, due to the significant time lag (~45 days), the exclusion of certain securities (shorts, derivatives etc.) and varying investment strategies and holding periods, the usefulness of such data is…questionable...
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What is your dream job? A lot of great options to choose from, but personally I have always imagined being a member of a company’s board of directors to be a pretty cushy gig. Jet around, fancy dinners, high salaries and all for a few meetings per year that you can apparently skip if...
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Whitney Tilson and Glenn Tongue’s T2 Partners returned to Alexander & Baldwin(ALEX) ahead of its third quarter spin. T2, which had sold its entire position in the company late last year, disclosed that it now holds 174,172 shares in a filing today. The position appears to be one of T2′s top 10 holdings. Disclosure:...
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Dole Food Co(DOLE) may be a household name, but the company has had more success selling its pineapples than its stock. The venerable company announced this week that it has begun a strategic review which may result in one or more spin offs. Controlled by 88 year old billionaire Chairman David Murdock(he plans to...
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Alexander & Baldwin(ALEX) announced plans this morningto spin off Matson, its ocean transportation and domestic logistics company. Alexander & Baldwin, which has owned Matson since 1969, is the 4th largest private landowner in Hawaii, where it owns 88,000 acres. A & B is the largest farmer in the state, a developer of condos and...
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