Salient to Investors: Alice Schroeder writes: By many accounts, Warren Buffett has pulled off another brilliant feat in spotting an opportunity in food stocks, yet he never made a significant investment when Heinz lagged the S&P 500 from December 2008 to January 2013, and since January 1997. Heinz’s stock was fairly priced before the
READ MORE... →Salient to Investors: Bloomberg says two-thirds of company takeovers exceeding $20 billion since 1996 generated losses for the acquirer’s shareholders – the 78 buyers lagged behind the MSCI World Index by a median of 13 percent in the 3 years after completion, falling 21 percent. Warren Buffett says acquirers typically
READ MORE... →Salient to Investors: Hedge Fund Research said $3.8 billion went into activist funds in 2012 versus $1.8 billion in 2010. Factset Research Systems said shareholder activists started 219 campaigns in 2012 versus, up 22 percent from 2011 and the most since 2008. Patrick Ramsey at Bank of America said we have seen a
READ MORE... →Salient to Investors: Thomson Reuters reports Chinese acquisitions overseas is up 28 percent from the same period a year ago in dollar volumes versus a 2.8 percent global slump in M&A volume overall. André Loesekrug-Pietri at A Capital sees an acceleration but not an immediate flood of transactions. The real surge is likely to happen by
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