by Admin | Apr 4, 2014 | Companies, News
Last fall, Daniel Loeb, activist investor and hedge fund manager for Third Point, declared a large stake in Sotheby’s and likened it to “an old master painting in desperate need of restoration” in a letter to its board. In the letter, Loeb called the auction house out...
by Admin | Feb 6, 2014 | Companies, News
Massive auction house Sotheby’s made a major announcement last week with its new strategic plan. The company plans on paying out a massive $300 million special dividend to shareholders in March and is considering selling off its New York and London headquarters....
by Admin | Jan 2, 2014 | Companies, News
As an investor, it’s essential to have a good feel for when risks will and won’t pay off in the long run. Some investors follow the “slow and steady” model, preferring to avoid taking big risks. This helps them keep from losing big; but it can also keep them from...
by Admin | Nov 22, 2013 | Companies, News
Last week, activist investor Dan Loeb proved his clout when he revealed that his company, Third Point, had a stake in FedEx. The announcement caused a 1.6% gain in shares that same day (Nov. 12), with FedEx closing out at $134.63. FedEx, which was founded by CEO Fred...
