It annoys me when management blames short sellers for a variety of ills and then tries to get Congress or the regulators to harass and vilify them. I long for the day when a management team, which has a well-known short seller publicly short its stock, starts its quarterly earnings call with a Q&A session [...]
Our strategy goes under the general category of event-driven. We're value investors looking for mispriced securities at any level of the capital structure with specific catalysts that should help trigger a narrowing of the gap between the market price and our estimate of intrinsic value. The basic idea, which has probably been best articulated by [...]
A common opportunity for us is when two businesses which would trade on different valuation parameters if separate operate under the same roof, resulting in the whole appearing mispriced.