NYTimes: Disclosure by Short-Sellers Would Improve Market Clarity

I couldn’t agree more with this NYTimes article on short seller transparency:

The questions were fairly innocuous and appeared to be probing the breakdown between distributors and the actual buyers of Herbalife products. Yet soon after Mr. Einhorn’s questions, the company’s shares tumbled. Investors were assuming he knew something and had placed a big short bet.

Mr. Einhorn, however, did not and has not disclosed whether his firm has any position whatsoever in the stock. Does that make sense . . .

→ Read More: NYTimes: Disclosure by Short-Sellers Would Improve Market Clarity

The Atlantic looks at Value Investing, Discusses the Einhorn/Berkowitz Battle (JOE)

The Atlantic ran an article, Showdown in the Sunshine State, about the Einhorn/Berkowitz battle over St. Joe Company (NYSE: JOE). This article caught my attention due to the bold portion (emphasis added) of its teaser:

Two of Wall Street’s savviest value investors, Bruce Berkowitz and David Einhorn, pride themselves on their rigorous analysis. Now they’re locked in a scorched-earth dispute over the value of some Florida real estate. How could they look at the same facts . . .

→ Read More: The Atlantic looks at Value Investing, Discusses the Einhorn/Berkowitz Battle (JOE)

Value Linkfest

This week’s roundup of value investing links from around the web.

Great Investors

David Einhorn’s Annual Letter (FreePDFHosting) Buffett vs. Einhorn: On Gold (ValueWalk) Former Fairholme Managers to Launch GoodHaven Capital Management (Business Wire) Buffett Steps Down from Washington Post Board (Dealbook) Former GEICO PM, Louis Simpson, To Set Up Firm (Bloomberg)

Company Specific

Jewett-Cameron (JCTCF) (BarelKarsan)

Do you have suggestions for links that should be included? . . .

→ Read More: Value Linkfest

Fairholme’s Strategy For St. Joe (JOE)

Todd Sullivan of ValuePlays.Net outlines a potential strategy that Bruce Berkowitz can use to win the battle with the shorts (the most vocal of which is David Einhorn) over The St. Joe Company (NYSE:JOE). Yesterday it was announced that Berkowitz is selling 113.3 million shares of General Growth Properties to Brookfield Asset Management, raising approximately $1.7 billion ($907 million worth of shares in Brookfield + $804 million cash), giving Berkowitz the cash to engineer a massive . . .

→ Read More: Fairholme’s Strategy For St. Joe (JOE)

Value Linkfest

This week’s roundup of value investing links from around the web.

Great Investors

David Einhorn’s Latest Interview on Fed Policy (ValueWalk) Munger to Goldbugs: “You’re Jerks” (The Big Picture)

General Investing

Retail: Factors Spurring M&A Action (Anthony Rochel) Valuation Debates (The Research Puzzle)

Company Specific

RadioShack: Broadcasting Value (BarelKarsan) Smith Midland (SMID): Murky Outlook Creates Opportunity (Whopper Investments) Sears’ Ever-Declining Share Count (Canadian Value Investing)

Do . . .

→ Read More: Value Linkfest