Seeking Alpha

Chris DeMuth Jr.'s  Instablog

Chris DeMuth Jr.
Send Message
"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
My blog:
Rangeley Capital on Harvest
My book:
Rangeley Capital Best Investment Ideas
Back To Chris DeMuth Jr.'s Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • 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.

     

    [1]. http://bit.ly/H2Mq9c
    [2]. http://hvrd.me/H2Mq9e
    16 Oct 2013, 12:34 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • What Tomorrow Will Bring: Challenges and opportunities that lie ahead / The Buttonwood Gathering - http://bit.ly/1yqfeNQ
    2 days ago
  • Horizon Kinetics Q4 commentary: http://bit.ly/1EmeGQr
    2 days ago
  • If you're curious, please check out my interviews of some of my favorite investors http://bit.ly/1BIw4c8. I have 3 CEO interviews out soon.
    2 days ago
More »

Latest Comments


Most Commented
  1. GCVRZ Forum Archive (1,000 Comments)
  2. GCVRZ Forum (793 Comments)
  3. Event Driven Q&A Forum (240 Comments)
  4. GPT Forum (132 Comments)
  5. Shorts Forum (124 Comments)
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.