“When another hedge fund gets into trouble, he ... buys their assets for a fraction of what they were worth.”
KG
Ken Griffin / Citadel
Great Business Stories ·
“PSUS trades at a 23% discount… if there's $100 worth of shares held by the company, it's only trading at $77.”
Equity Mates Investing Podcast · Live from New York: Bill Ackman, Aussie businesses & other observations
Play from 9:58
9:58
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What was described
trades at a 23% discount to its net asset value, allowing investors to buy shares for $77 when underlying assets are worth $100
23% discount; $100 NAV vs $77 market price
Said nearby on the same subject
“Working with activists… buying back shares at a discount, selling off non-core assets… shrinking the denominator improves returns”
DD
Django Davidson
The Master Investor Podcast with Wilfred Frost ·
“Buying a great tax-free family home where I can value add tax-free, cash equity out tax-free, and then fundamentals. Aim for that asset to be debt-free buy when you want to retire.”
RJ
Riley Jan
Geared for Growth Property Investing Podcast ·
“Purchase of the international assets of a big Russian oil company called Luke Oil… for a group of investors to come in and buy those billions of dollars in assets… the U.S. government would take a stake.”
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