We think investors should want to own Yum! for its unique open-ended middle-class growth story in China and its strong and growing franchise-led cash flows outside China. Third Point More Quotes by Third Point More Quotes From Third Point We came into the year with a short credit portfolio that we reversed sharply in February, getting long over $1B in energy credit. Third Point money The year's positive performance reflects contributions from nearly all of the strategies we employ; the top five winners include a constructive long equity position, a sovereign debt investment, high?yield debt investments in energy companies, an event?driven long position, and a short equity position in the pharmaceutical industry. Third Point money
