Speculating in Takeover Targets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets

ULBI 7.040

+2.3%

2:11 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: richardred who wrote (3148)	10/26/2012 12:38:39 AM
From: richardred	Read Replies (1) of 7242

13d filed for XRTX 14.1% buy BAKER STREET CAPITAL MANAGEMENT, LLC . IMO it Doesn't sound to serious though right now, considering the letter they sent to Warren Buffet on April 1.<g> Message 28500464 An Investor Sent A Hilarious Letter Ripping Warren Buffett To Berkshire Hathaway's Board For April Fool's Day Linette Lopez\|April 02, 2012\| When we stumbled on this letter to Berkshire Hathaway's board of directors from Vadim Perelman, a managing member of Baker Street Capital, we were shocked... Perelman's letter sounds like something an activist investor like Dan Loeb would write to Yahoo! — it's a long tirade about all the things that absolutely must change at Berkshire. The letter touches on everything from Warren Buffett's compensation (too high), to succession issues (tell us now!) and the company's share price (we want dividends). Continue Below Finally, at the end of the letter, Perelman recommends that Charlie Munger take the helm of Berkshire and that Warren Buffett step down. Then we noticed that the letter was date April 1st. Oh... got it. Business Insider got in touch with Perelman and he told us that he and his partner planned this letter months ago. They told Buffett about their idea, and he said he would be happy to run it on Business Wire, which he owns. "We have nothing but respect for Warren," said Perelman. "It should be fairly obvious to an informed reader that it's satire." Well, we had our suspicions... We've embedded the letter below. Tell us whether or not you'd be taken in. Read more: articles.businessinsider.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next