Dan Loeb's TPP for 16% off

billyjoerob · Jun 19, 2010

You can buy shares in Dan Loeb's hedge fund either through the LSE (TPOU) or through the pink sheets (TPNTF). It's now trading at 16% off nav . . . not bad for a guy who should return 15%+ for the next few years. There's no reason for this to trade at a discount.

http://thirdpointpublic.com/default.asp?P=520288

ASusilovic · Jun 19, 2010

Quote from billyjoerob:

You can buy shares in Dan Loeb's hedge fund either through the LSE (TPOU) or through the pink sheets (TPNTF). It's now trading at 16% off nav . . . not bad for a guy who should return 15%+ for the next few years. There's no reason for this to trade at a discount.

http://thirdpointpublic.com/default.asp?P=520288

Thanks for posting.

QuikrRetirement · Jun 21, 2010

Quote from billyjoerob:

not bad for a guy who should return 15%+ for the next few years. There's no reason for this to trade at a discount.

So what you are saying is, that the market is stupid and blind in this one instance, whereas overall it is very efficient? Or perhaps this supposition is incorrect...

george_s · Jun 21, 2010

Looks like a reasonably good value, but the discount was 50% in December 2008.

billyjoerob · Jun 21, 2010

Quote from george_s:

Looks like a reasonably good value, but the discount was 50% in December 2008.

That's probably why it's still at a discount . . . lots of underwater sellers. Plus, this is a hedge fund traded as a partnership headquarted in Guernsey . . . not exactly alot of natural buyers out there for this. I figure that if Loeb can return ~20% in the next 12 months and get the NAV to ~$12, and the discount narrows, this could be a 40% return without too much risk.

Retief · Jun 21, 2010

Quote from billyjoerob:

That's probably why it's still at a discount . . . lots of underwater sellers. Plus, this is a hedge fund traded as a partnership headquarted in Guernsey . . . not exactly alot of natural buyers out there for this. I figure that if Loeb can return ~20% in the next 12 months and get the NAV to ~$12, and the discount narrows, this could be a 40% return without too much risk.

Sheeeeeeeeeeeet, Mr. Pink, aka senor_pinche_wey, should pick up a few shares for himself.

billyjoerob · Aug 31, 2010

http://www.londonstockexchange.com/...de-data.html?fourWayKey=GG00B1YQ7219GGUSDSSMU

Interesting trading in TPOU . . . over 150000 shares trade at 8, but the bid is at $7.85, where a few thousand shares trade.

If you can put in a bid at $7.90 or so, the NAV is ~$10.

See DL's latest here . . .

http://www.nytimes.com/2010/08/31/business/31sorkin.html?_r=1&dbk

ASusilovic · Aug 31, 2010

Quote from billyjoerob:

http://www.londonstockexchange.com/...de-data.html?fourWayKey=GG00B1YQ7219GGUSDSSMU

Interesting trading in TPOU . . . over 150000 shares trade at 8, but the bid is at $7.85, where a few thousand shares trade.

If you can put in a bid at $7.90 or so, the NAV is ~$10.

See DL's latest here . . .

http://www.nytimes.com/2010/08/31/business/31sorkin.html?_r=1&dbk

LOL ! So, Daniel Loeb has changed his political colour, hum ? Not anymore elite but pragmatic ?

billyjoerob · Aug 31, 2010

Quote from ASusilovic:

LOL ! So, Daniel Loeb has changed his political colour, hum ? Not anymore elite but pragmatic ?

I think alot of people thought Obama would be as pro-business as Clinton. So when Obama turned out not to be a New Democrat like Clinton, it came as a bit of a surprise.

pspr · Aug 31, 2010

Quote from billyjoerob:

I think alot of people thought Obama would be as pro-business as Clinton. So when Obama turned out not to be a New Democrat like Clinton, it came as a bit of a surprise.

They should have called me. I could have told them the color of his stripes.