Convenience store powerhouse Alimentation Couche-Tard continued along its consolidation path Continue reading
Investing genius Jeffrey Ubben and his team at ValueAct Capital Management L.P. were in the news on Monday with a report (form 13F) that fund or funds affiliated with the company had taken a roughly 2% stake in Wall Street giant and James Gorman-led financial services powerhouse Morgan Stanley.
What seemed to take many on the Street by surprise was that ValueAct was not seeking a seat on Morgan Stanley’s Board nor did it seek to criticize the actions of C.E.O Gorman. On the contrary, it would appear ValueAct thinks Gorman is running the firm quite well, and believes investors are not giving the company the credit it deserves.
In particular, ValueAct highlighted Morgan Stanley’s shift to asset-light and relatively lower risk businesses like wealth and investment management and investment banking advisory, which now account for about 80% of company profits.
Time will tell if this “passive” approach will pay off.
Sometimes “simple” businesses can be the most attractive (and profitable) to own for the long haul. Continue reading
Global stock markets have taken investors on a wild ride since the beginning of the year and indications are that we are still in for more and possibly similarly large ‘bumps’ along the road as 2016 chugs along. Continue reading
While visitors know the Caribbean for its pristine beaches, great natural beauty and warm hospitality, those fortunate to live in the islands know that the region can offer attractive returns for locally-based investors and in some instances those domiciled farther afield. Continue reading