Dan Loeb's TPP for 16% off

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.

 

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...

 

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.

 

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

 

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 ?

 

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.