It’s not often that a company’s management tells you the company is grossly undervalued and it’s looking to sell itself, effectively giving investors a chance to jump into the stock before it takes off. This is… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson,… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson, private equity firm Kohlberg & Co. and Samick Musical Instruments has driven Steinway’s stock up 90% this year. While Paulson is a fan of pianos, it’s no secret that billionaire and activist investor Daniel Loeb loves art. He is said to have various pieces of art hanging in his Park Avenue office and enjoys going to art shows. Loeb and his Third Point hedge fund are coming off one of their biggest wins after helping turn around Yahoo (Nasdaq: YHOO). Loeb… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson,… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson, private equity firm Kohlberg & Co. and Samick Musical Instruments has driven Steinway’s stock up 90% this year. While Paulson is a fan of pianos, it’s no secret that billionaire and activist investor Daniel Loeb loves art. He is said to have various pieces of art hanging in his Park Avenue office and enjoys going to art shows. Loeb and his Third Point hedge fund are coming off one of their biggest wins after helping turn around Yahoo (Nasdaq:… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson,… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson, private equity firm Kohlberg & Co. and Samick Musical Instruments has driven Steinway’s stock up 90% this year. While Paulson is a fan of pianos, it’s no secret that billionaire and activist investor Daniel Loeb loves art. He is said to have various pieces of art hanging in his Park Avenue office and enjoys going to art shows. Loeb and his Third Point hedge fund are coming off one of their biggest wins after helping turn around Yahoo (Nasdaq:… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson,… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson, private equity firm Kohlberg & Co. and Samick Musical Instruments has driven Steinway’s stock up 90% this year. While Paulson is a fan of pianos, it’s no secret that billionaire and activist investor Daniel Loeb loves art. He is said to have various pieces of art hanging in his Park Avenue office and enjoys going to art shows. Loeb and his Third Point hedge fund are coming off one of their biggest wins after helping turn around Yahoo (Nasdaq:… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson,… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson, private equity firm Kohlberg & Co. and Samick Musical Instruments has driven Steinway’s stock up 90% this year. While Paulson is a fan of pianos, it’s no secret that billionaire and activist investor Daniel Loeb loves art. He is said to have various pieces of art hanging in his Park Avenue office and enjoys going to art shows. Loeb and his Third Point hedge fund are coming off one of their biggest wins after helping turn around Yahoo (Nasdaq:… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson,… Read More

If you enjoy the finer things in life, then you’ll love the action taking place in the specialty retail market. Great paintings, sculptures and fine jewelry are not only to be appreciated, but they can make for great investments as well.#-ad_banner-# We’ve already seen one shake-up in the specialty retail industry this year. Billionaire John Paulson is taking famous piano maker Steinway Musical Instruments private for $512 million. The bidding war between Paulson, private equity firm Kohlberg & Co. and Samick Musical Instruments has driven Steinway’s stock up 90% this year. While Paulson is a fan of pianos, it’s no secret that billionaire and activist investor Daniel Loeb loves art. He is said to have various pieces of art hanging in his Park Avenue office and enjoys going to art shows. Loeb and his Third Point hedge fund are coming off one of their biggest wins after helping turn around Yahoo (Nasdaq:… Read More

“The 20th century was the era of manned aircraft; the 21st century is the era of unmanned aircraft.” — U.S. Coast Guard Capt. Christopher Martino.             Flickr/Don DeBold    … Read More

It takes money to make money. That’s the easy conclusion to draw when looking at the actions of the nation’s top hedge fund managers. Many of them have amassed their wealth by putting tens of millions into play on any given investment as they identify 50% or even 100% potential gains.#-ad_banner-# Take corporate raider Carl Icahn. He can buy a huge chunk of… Read More

It takes money to make money. That’s the easy conclusion to draw when looking at the actions of the nation’s top hedge fund managers. Many of them have amassed their wealth by putting tens of millions into play on any given investment as they identify 50% or even 100% potential gains.#-ad_banner-# Take corporate raider Carl Icahn. He can buy a huge chunk of a company and then rattle some cages until the company is forced to make value-unlocking moves such as an asset sale or a big stock buyback. Or look at George Soros. He earned more than 1 billion British pounds in 1992 simply by wagering that the pound would soon lose value. Yet a number of other hedge fund billionaires have earned their fortune the… Read More

When America was on the doorstep of the Roaring ’20s and the birth of modern American consumerism, the predecessor to SunTrust Bank (NYSE: STI) made a shrewd investment.#-ad_banner-# When Coca-Cola (NYSE: KO) went public, the bank was part of the underwriting group. The lead underwriter, J.P. Morgan (NYSE: JPM), took its $100,000 fee in cash. SunTrust took its payment in the company’s newly issued shares, which came out… Read More

When America was on the doorstep of the Roaring ’20s and the birth of modern American consumerism, the predecessor to SunTrust Bank (NYSE: STI) made a shrewd investment.#-ad_banner-# When Coca-Cola (NYSE: KO) went public, the bank was part of the underwriting group. The lead underwriter, J.P. Morgan (NYSE: JPM), took its $100,000 fee in cash. SunTrust took its payment in the company’s newly issued shares, which came out to be around $70,000. The stock certificates and Coca-Cola’s secret formula sat in the bank’s vault for nearly a century growing to nearly 30 million shares worth more than $2 billion and paying around $53 million annually in dividends. Fast-forward to 2012. After a brutal financial crisis, SunTrust decided to do what many considered sacrilege. After being battered by a soft economy, tighter government regulation and bad loans, the company decided to sell… Read More