There's always something going on with Chesapeake Energy (NYSE: CHK). The giant gas & oil company never seems to get tired of surprising its shareholders and noteholders alike. Just a couple of months ago - Carl Icahn, the famous activist investor, first disclosed a major equity stake in the company following a 30% plummet in the share price, then came a sudden departure of its dominant and frivolous CEO, Aubrey McClendon more »
On February 7, David Einhorn, the famous hedgie from Greenlight Capital, published a pressing letter to Apple (NASDAQ: AAPL) shareholders. In this letter, he urged shareholders to resist the company's attempt to eliminate preferred stock from its charter. According to Einhorn, an Apple shareholder since 2010, the iconic company could unlock tremendous value from its balance sheet by issuing high yielding preferred stock to its current shareholders.
The underlying more »
On Dec. 20, Bill Ackman from Pershing Square Capital Management, revealed a large short position in Herbalife (NYSE: HLF). He gave a lengthy presentation on why he believes that the multi-level marketing company that sells nutritional supplements is nothing more than a pyramid scheme.
Claiming that a $5 billion company is a pyramid scheme is a very risky statement. On the one hand, operating in a pyramid structure more »