I might as well fess up: I lifted the title to this piece from the First Pacific Co. Ltd., (OTCPK:FPAFY) 2012 annual report. But I think it sums up succinctly the investment thesis: owning an opportunistic investor and value creator in emerging economies.
First Pacific is a Hong Kong listed investment holding company, owning significant stakes in four primary businesses (%'s):
- Philippines Long Distance Telephone Company (PHI) (25.6%)
- Indofood (OTCPK:PIFMY) (50.1%)
- Metro Pacific Investments (OTCPK:MPCIY) (55.9%)
- Philex Mining (OTC:PXMFF) (37.6%) 
What should get alpha seekers excited about First Pacific is that it trades at a significant discount to net asset value ("NAV") after a 30% slide in share...
Only subscribers can access this article, which is part of the PRO research library covering 3,760 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: