NEW YORK (Reuters) - O. Mason Hawkins, whose $34 billion mutual fund firm is Chesapeake Energy Corp's largest shareholder, is best known as a Warren Buffett-style value investor who takes big stakes in companies and holds them, often for years.
O. Mason Hawkins, whose $34 billion mutual fund firm is Chesapeake Energy Corp's largest shareholder, is best known as a Warren Buffett-style value investor who takes big stakes in companies and holds ...
(Reuters) - Dell Inc's largest independent shareholder, Southeastern Asset Management Inc, has told the computer maker that a $24.4 billion buyout bid undervalues it, adding to a chorus of investor dissatisfaction with the landmark deal to take it private, two sources close to the situation said.
Ganaxi Small Cap Movers submits:
Summary: Southeastern Asset Management, led by founder and CEO Otis Mason Hawkins, manages $37 billion in equity assets under the Longleaf Partners family of mutual funds and in separately managed accounts. The Longleaf funds have consistently outperformed the market and been ranked among the nation's best mutual funds, with the flagship Longleaf Partners Fund having returned 11.5% annualized versus 9.0% for the S&P 500.
One problem with investing in mutual funds is potential tax bills. If the fund has invested well and say bought Google at $150 and then Google was at $700 (a few years ago) there is the potential tax liability of the $550 gain per share. So if funds have been successful (which is one reason you may want to invest in them) they often have had a large potential tax liability.
By VancouverBull:As CEO and primary shareholder of Berkshire Hathaway (BRK.A) (BRK.B), Warren Buffett, the world's most famous investor, has developed a well-known reputation of buying big stakes in companies he believes in.
The stock price of his energy company is down nearly 30%. The board stripped him of his chairmanship amid scandal. Today, his estimated billion-dollar personal fortune has shrunk by more than half.
Aubrey McClendon, 53, endured a trying year running the second-largest natural gas producer in the United States, Chesapeake Energy Corp. But as corporate, state and federal probes into McClendon and the company continue, 2013 isn’t looking much easier.
By Brian Gorban:Mason Hawkins has been Chairman and CEO of Southeastern Asset Management since 1975, along with managing Longleaf Partners Funds. Longleaf has a simple investing philosophy of buying stakes in companies that have "good business, good people, and a good price." The firm determines a good price based on determining its intrinsic value and buying when it's trading at 60% or less of that number, and simply selling when it reaches that value.