Monday, December 17, 2012

Australian billionaire: Stay away, Tiger Woods

Australian billionaire and Palmer Coolum Resort golf resort owner Clive Palmer, says the following about the former number one golfer in the world:

"Tiger Woods isn't the No 1 golfer in the world any more. We don't want to look backwards, we want to look forwards. So why would you get Tiger Woods here? I would prefer to have Peter Senior than Tiger Woods. I am sure Peter Senior could beat Tiger Woods on a good day. I am sure he could. Tiger Woods has improved a lot but he's an emotional wreck and he's not a good example for kids, anyway."

Saturday, December 1, 2012

Third Point LLC continues to hold Yahoo

Third Point LLC is the $9-billion hedge fund managed by billionaire and activist investment manager Dan Loeb. In his recent 13F filing with the SEC, Third Point, listed its three largest equity positions as: Yahoo! Inc. (YHOO), American Insurance Group (AIG), and Apple Inc. (APPL). These three stocks account for nearly half of the Third Pointinvestment portfolio.