PPM Blog
Bill Mann’s Canada: CP Rail proxy fight: Very nasty, not very Canadian
The monthslong Canadian Pacific Railway Ltd. proxy fight, which culminates Thursday at the railroad’s annual meeting in Calgary, is being called a corporate culture shift in Canada. It’s also been quite nasty, which isn’t very Canadian. Read More
John Paulson to make first Sohn conference speech
NEW YORK (MarketWatch) — John Paulson will make his debut at the Ira Sohn Conference on Wednesday, in a rare appearance where the hedge fund manager is expected to publicly discuss his investment view and maybe even dole out a [...]
IPO Report: Facebook insiders add shares to boost IPO
Early investors in social network plan to take advantage of strong demand for IPO to cash out larger chunks of their ownership stakes. Read More
Canada’s hot stocks: Centerra, Ivanhoe, Inmet
Among the companies whose shares are making notable moves in Wednesday’s session are Pan American Silver Corp. (PAAS), Centerra Gold Inc. (CG.T), Ivanhoe Mines Ltd. (IVN) and Inmet Mining Corp. (IMN.T). Read More
Go long hospitals, says Robbins at Ira Sohn confab
Larry Robbins of Glenview Capital likes hospital stocks such as Tenet Healthcare, even if the Obama Administration’s health-care bill is struck down. Read More
Third Point takes Apple, Google, Cisco stakes
SAN FRANCISCO (MarketWatch) — Third Point LLC, the hedge fund that recently won a proxy battle for further control of embattled Internet firm Yahoo Inc. (YHOO), has turned its attention to other large tech firms recently. Read More
Paulson cuts stake in Tenet Health, maintains GLD
SAN FRANCISCO (MarketWatch) — Paulson & Co. Inc., run by billionaire hedge fund manager John Paulson, cuts its stake in shares of Tenet Healthcare Corp. and Gold Fields Ltd. for the quarter ended in March, according to a Securities and [...]
Paulson shows stakes in Caesars, Viacom
NEW YORK -(MarketWatch)- Hedge fund manager John Paulson’s firm reported stakes in Caesars Entertainment (CZR), Viacom (VIA, VIAB) and Prestige Brands Holdings (PBH) in the first quarter and reduced stakes of Tenet Healthcare Corp. (THC) and SunTrust Banks Inc. (STI) [...]
Robert Powell’s Your Portfolio: Master limited partnerships: High yield, big risks
With 10-year Treasurys paying less than 2% and the average one-year certificate of deposit yielding next to nothing, it’s no surprise investors are hunting for higher yields. But investing in master limited partnerships and business development companies could be a [...]
J.P. Morgan is too-big-to-regulate, critics say
.P. Morgan Chase & Co.’s revelation that it had taken a surprise $2 billion — possibly $3 billion — loss due to trading of credit derivatives in its London office raises questions about regulatory oversight of global operations, former regulators [...]