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Steve Harris  

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  • General American Investors Company, Inc. Targeted By Activist Fund
     • Tue, Feb. 10 GAM 8 Comments

    Summary

    • General American Investors Company, Inc. currently trades at a 13.94% discount to net asset value and has been targeted by the well-known closed end fund activist Phil Goldstein.
    • Phil Goldstein has a long track record of fighting and winning proxy battles against closed end funds, whose boards resist initiating value enhancing liquidity events to benefit shareholders.
    • A market neutral position, long GAM vs. short the S&P 500, offers an attractive opportunity for alpha generation based on the fund's deep discount to NAV and involvement of activists.
  • American Capital Ltd: Private Equity Investing At A Deep Discount
    Jan. 13, 2012 ACAS 5 Comments
  • Icahn Enterprises: Invest With Carl
    Jan. 13, 2012 IEP 4 Comments