Don, One last thing. Some posts back you mentioned something regarding a big time investor like Stuart doesn't necessarily mean that he can't make an investment mistake. Habib from Jackson Hole also mentioned something to that effect. Well you're both right and here is a case to prove it... ALFRED S. TEO. I won't take the time to explain all that I know about him. He is a self made man. Worth hundreds of millions. You can't buy any plastic wrap, commericial or otherwise that doesn't come from Teo. At any rate Teo made a substantial investment in Cirrus Logic. He claimed that he represented a group, however he only invested his own money. This was just some of it:
To: feltburner who wrote (4683)
From: richard surckla
Thursday, Dec 4 1997 10:18AM ET
Reply # of 7094
While Merrill was selling Teo was buying:
A/C: ALFRED S. TEO & ANNIE TEO JT. TEN
DATE TRANS LOT/ID QUANTITY TRD PRC AMT/PRIN
7/14/97 BUY L 001 60000.00 11.500 690000.00
7/14/97 BUY L 002 10000.00 11.688 116875.00
7/14/97 BUY L 003 15000.00 11.625 174375.00
7/14/97 BUY L 004 5000.00 10.438 52187.50
7/15/97 BUY L 001 50000.00 11.750 587500.00
7/16/97 BUY L 001 25000.00 11.625 290625.00
7/16/97 BUY L 002 25000.00 11.500 287500.00
7/16/97 BUY L 003 25000.00 11.563 289062.50
7/16/97 BUY L 004 10000.00 11.375 113750.00
7/16/97 BUY L 005 15000.00 11.438 171562.50
7/21/97 BUY L 001 10000.00 12.625 126250.00
7/21/97 BUY L 002 40000.00 12.688 507500.00
7/21/97 BUY L 003 50000.00 12.500 625000.00
7/22/97 BUY L 001 50000.00 12.468 623375.00
7/29/97 BUY L 001 15000.00 12.780 191700.00
7/29/97 BUY L 002 10000.00 12.905 129050.00
7/29/97 BUY L 003 10000.00 13.155 131550.00
7/29/97 BUY L 004 22500.00 13.280 298800.00
7/29/97 BUY L 005 23500.00 13.530 317955.00
7/29/97 BUY L 006 5000.00 12.750 63750.00
7/29/97 BUY L 007 10000.00 13.500 135000.00
7/31/97 BUY L 001 34000.00 13.625 463250.00
7/31/97 BUY L 002 10000.00 13.625 136250.00
7/31/97 BUY L 003 5000.00 13.750 68750.00
7/31/97 BUY L 004 10000.00 13.875 138750.00
7/31/97 BUY L 005 25000.00 13.813 345312.50
8/1/97 BUY L 001 10000.00 13.500 135000.00
8/6/97 BUY L 001 40000.00 15.375 615000.00
8/6/97 BUY L 002 10000.00 15.313 153125.00
8/6/97 BUY L 003 5000.00 15.50 77500.00
8/6/97 BUY L 004 40000.00 15.625 625000.00
8/6/97 BUY L 005 55000.00 15.563 855937.50
8/6/97 BUY L 006 10000.00 15.188 151875.00
8/6/97 BUY L 007 40000.00 15.125 605000.00
8/6/97 BUY L 008 20000.00 15.155 303100.00
8/6/97 BUY L 009 50000.00 15.500 775000.00
8/7/97 BUY L 001 50000.00 15.250 762500.00
8/7/97 BUY L 002 35000.00 15.125 529375.00
8/7/97 BUY L 003 25000.00 15.250 381250.00
8/7/97 BUY L 004 25000.00 15.375 384375.00
SCHEDULE 13D
CUSIP NO. 172755100 Page 20
A/C: ALFRED S. TEO & ANNIE TEO JT. TEN
DATE TRANS LOT/ID QUANTITY TRD PRC AMT/PRIN
8/7/97 BUY L 005 100000.00 15.375 1537500.00
8/7/97 BUY L 006 100000.00 15.500 1550000.00
8/8/97 BUY L 001 5000.00 14.750 73750.00
8/8/97 BUY L 002 10000.00 14.875 148750.00
8/8/97 BUY L 003 12500.00 15.000 187500.00
8/8/97 BUY L 004 15000.00 15.125 226875.00
8/8/97 BUY L 005 35000.00 15.313 535937.50
8/8/97 BUY L 006 65000.00 15.375 999375.00
8/8/97 BUY L 007 20000.00 15.250 305000.00
8/8/97 BUY L 008 37500.00 15.063 564843.75
8/11/97 BUY L 001 10000.00 14.750 147500.00
8/11/97 BUY L 002 25000.00 14.500 362500.00
8/12/97 BUY L 001 50000.00 15.000 750000.00
8/12/97 BUY L 002 50000.00 14.750 737500.00
8/20/97 BUY L 001 15000.00 15.250 228750.00
8/20/97 BUY L 002 25000.00 15.500 387500.00
8/21/97 BUY L 001 2500.00 15.313 38281.25
8/21/97 BUY L 002 22500.00 15.375 345937.50
8/21/97 BUY L 003 18000.00 15.063 271125.00
8/21/97 BUY L 004 25000.00 15.250 381250.00
8/25/97 BUY L 001 25000.00 15.625 390625.00
8/26/97 BUY L 001 32500.00 17.155 557537.50
8/26/97 BUY L 002 37500.00 17.500 656250.00
8/26/97 BUY L 003 30000.00 17.625 528750.00
8/26/97 BUY L 004 15000.00 17.563 2634
Here was some more purchases:
24-Dec-98
TEO ALFRED S
Bought (P)
20,000
Common
10.31
$206,200
23-Dec-98
TEO ALFRED S
Bought (P)
16,400
Common
10.25 - 10.28
$168,400
14-Dec-98
TEO ALFRED S
Bought (P)
50,000
Common
10.41
$520,500
11-Dec-98
TEO ALFRED S
Bought (P)
35,000
Common
10.96
$383,600
10-Dec-98
TEO ALFRED S
Bought (P)
25,700
Common
11.43
$293,751
9-Dec-98
TEO ALFRED S
Bought (P)
25,000
Common
11.93
$298,250
3-Dec-98
TEO ALFRED S
Bought (P)
50,000
Common
11.97
$598,500
2-Dec-98
TEO ALFRED S
Bought (P)
51,000
Common
11.41
$581,910
1-Dec-98
TEO ALFRED S
Bought (P)
52,500
Common
11.73
$615,825
25-Nov-98
TEO ALFRED S
Bought (P)
31,600
Common
12.75
$402,900
10-Nov-98
TEO ALFRED S
Bought (P)
26,000
Common
10.60
$275,600
9-Nov-98
TEO ALFRED S
Bought (P)
24,000
Common
10.55
$253,200
6-Nov-98
TEO ALFRED S
Bought (P)
50,000
Common
10.57
$528,500
5-Nov-98
TEO ALFRED S
Bought (P)
17,000
Common
10.50
$178,500
4-Nov-98
TEO ALFRED S
Bought (P)
50,000
Common
10.26
$513,000
3-Nov-98
TEO ALFRED S
Bought (P)
50,800
Common
9.45 - 9.53
$480,124
29-Oct-98
FRENCH DAVID D
Bought (P)
20,000
Common
9.06
$181,200
28-Oct-98
FRENCH DAVID D
Bought (P)
30,000
Common
8.92
$267,600
9-Oct-98
TEO ALFRED S
Bought (P)
16,300
Common
6.02
$98,126
7-Oct-98
TEO ALFRED S
Bought (P)
50,000
Common
6.07
$303,500
6-Oct-98
TEO ALFRED S
Bought (P)
40,800
Common
6.08
$248,064
5-Oct-98
TEO ALFRED S
Bought (P)
130,000
Common
5.96
$774,800
2-Oct-98
TEO ALFRED S
Bought (P)
65,400
Common
5.96
$389,784
1-Oct-98
TEO ALFRED S
Bought (P)
25,000
Common
5.78
$144,500
30-Sep-98
TEO ALFRED S
Bought (P)
72,500
Common
5.98
$433,550
28-Sep-98
TEO ALFRED S
Bought (P)
2,000
Common
5.91
$11,820
25-Sep-98
TEO ALFRED S
Bought (P)
150,000
Common
6.22 - 6.50
$947,000
17-Aug-98
TEO ALFRED S
Bought (P)
23,000
Common
8.69 - 9.00
Teo now sits on the board of Cirrus claiming that he won't sell until Cirrus reaches $40. A poison pill plan was put into effect that stopped him in his tracts. Cirrus closed today Aug 10 at 8 1/4$. So much for large investors. Now you know why I watch my chips. If you want to know more about Teo send me a private e-mail. |
