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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: El Canadiense who wrote (42438)	4/28/2011 10:09:08 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78570

Aero - I have followed the story of Steel Partners somewhat, when reading about Japan. In my own weird way of thinking, it was a strong positive, because I checked the prices of securities they were buying (Sapporo, Kikkoman etc.) and the prices right now are way below what they paid. I do think it is fairly naive for a Hedge fund to go into Japan, buy minority stakes in some Japanese companies and think that they can run things the US way. this would not work in Europe, probably most other countries in Asia much less Japan. I was reading up a book about the history of hedge funds (More money than God's, the book is so so) and they have some stories about Germany (Hedge funds buying stakes in German companies around the time and unification) that appear to be factually incorrect. Also, the companies that they discarded (Bayer) have outperformed comparable US companies as far as I can tell.