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Chris DeMuth Jr.
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"It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a misplaced bet - that they can occasionally find one." - Charlie Munger I look... More
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  • rootbeer
    , contributor
    Comments (302) | Send Message
    Very interesting letter. The XNPT "829" compound is a multiple sclerosis probable home run and has to be worth more than the whole company. It needs to be with a company with more resources like SNY who could develop it quicker.
    15 Oct 2013, 07:12 PM Reply Like
  • connellybarnes
    , contributor
    Comments (383) | Send Message
    Many facepalm moments while reading this letter. Visited James Madison's house today -- reminds me of his view of human nature. The Clinton group says they own ~2.7% of Xenoport (1.3 million shares). With $2.5 billion AUM they have the resources to cause change but is 2.7% stake enough to do so? Xenoport gave a terse non-response to Clinton's statements which indicates to me that they don't take this very seriously [1]. But previously the Clinton group had some success with the Wet Seal retailer [2], and replacing a director at Nutrisystem.


    If I were to take a position I would wait until there is a more exciting fight going on here.


    Given the misalignment of interests and that shares outstanding have increased in every single year continued dilution seems likely -- I guess the Clinton Group letter is just posturing.


    16 Oct 2013, 12:34 AM Reply Like
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