Baupost Group Exits Alliance One Position ~ market folly

Tuesday, November 10, 2015

Baupost Group Exits Alliance One Position

Seth Klarman's investment firm Baupost Group has filed a 13G with the SEC regarding shares of Alliance One International (AOI).  Per the filing, Baupost no longer owns an equity position in the company.

This is down from the 638,364 shares they owned back at the end of the second quarter. The latest filing was made due to activity on October 31st.

For more from this manager, be sure to check out the collected wisdom of Seth Klarman.

Per Google Finance, Alliance One is "a leaf tobacco merchant. The Company is engaged in purchasing, processing, packing, storing and shipping tobacco to manufacturers of cigarettes and other consumer tobacco products globally. The Company deals primarily in flue-cured, burley, and oriental tobaccos that is used in international brand cigarettes. The Company’s revenues are primarily comprised of sales of processed tobacco and fees charged for processing and related services to these manufacturers of tobacco products. The Company does not manufacture cigarettes or other consumer tobacco products. The Company has classified its business into three segments for reporting purposes: South America segment, Value Added Services segment and Other Regions segment. Value Added Services is comprised of the Company's crushed rolled expanded stem (CRES), cut rag, toasted burley and other specialty products and services."

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