This article was written by Follow I spent 30 years in the institutional trenches as a trader, analyst, and portfolio manager, eventually running the...
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Introduction On April 17, I wrote an article on Peabody Energy’s (NYSE:BTU) new shareholder return program. BTU has declined roughly 20% since then as...
The cross-holding and why it’s hated so much Back in May 2021, Prosus (OTCPK:PROSY) and Naspers (OTCPK:NPSNY) announced a transaction (slides) with mind-numbing implications,...