Yum is not an activist play from our perspective. by Daniel Loeb

Yum is not an activist play from our perspective.

Daniel Loeb

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Categorized in : Money

Nestle's insular, complacent, and bureaucratic organization is overly complex, lethargic, and misses too many trends.

I think the willingness of a number of corporations to cut costs and return capital, and improve and sharpen their strategy and focus on the things they are good at, create a very good backdrop for investors like us, sometimes there are opportunities for us to help the process along a little bit, like we did with Sony and Fanuc.

mergers-acquisitions

At this valuation we're happy to continue holding. by Daniel Loeb

At this valuation we're happy to continue holding.

Suffice it to say we don't put $1 billion to work without (seeing... by Daniel Loeb

Suffice it to say we don't put $1 billion to work without (seeing a lot of upside).

I don't know anyone who has gotten rich by betting against China... by Daniel Loeb

I don't know anyone who has gotten rich by betting against China and I don't expect that to happen.

We like that Fanuc is investing and expanding capacity, but we take great issue with the inefficient balance sheet.

The capacity expansions should not be thought of as an alternative to solving the blatant capital inefficiency of Fanuc.