10 poor investment theses [Irrelevant Investor]
The case against short selling [Long Short Trader]
The five "why's" in problem solving [Wallbuilder]
The danger of 1-year performance numbers [A Wealth of Common Sense]
Latest post from the Valeant (VRX) bear camp [Bronte Capital]
How bad will it get for American Express? [Bloomberg]
China is not collapsing [Project Syndicate]
Kingmakers of China's internet: Baidu, Alibaba and Tencent [WSJ]
A look at wireless tower stocks [Barrons]
Tribune Media shares at a 50% discount [Barrons]
Fossil Group (FOSL): a value stock with temporary problems? [Value & Opportunity]
Netflix is creating a cordless nightmare for traditional media [Institutional Investor]
Light beer gets in touch with serious side [WSJ]
Auto parts retailers' immunity to Amazon drives stock surge [Bloomberg]
Why investors don't fund dating [Andrew Chen]
Robots and us [MIT]
Thursday, October 22, 2015
What We're Reading ~ 10/22/15
Tuesday, September 16, 2014
Glenview Capital Boosts Fossil Group Stake
Larry Robbins' hedge fund firm Glenview Capital has filed a 13G with the SEC regarding shares of Fossil Group (FOSL). Per the filing, Glenview now owns 6.15% of the company with 3.25 million shares.
This marks an increase of 582,100 shares since the end of the second quarter. The filing was made due to activity on September 4th. We've also detailed how another hedge fund has been active in FOSL shares. Ricky Sandler's Eminence Capital also increased its Fossil stake this summer.
Per Google Finance, Fossil Group is "a global designer, marketer and distributer company that specializes in consumer fashion accessories. The Company’s offerings include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and clothing. Its products are distributed globally through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial websites and through third-party distributors in countries where the Company do not maintain a physical presence."
We've detailed other recent portfolio activity from Glenview here.
