While Dan Loeb's Herbalife position grabs most of the attention, his Third Point hedge fund also...
While Dan Loeb's Herbalife position grabs most of the attention, his Third Point hedge fund also bought shares of Tesoro (TSO), seeing the potential for a double from the current $40 as the refiner generates ~$9/share in annual excess free cash flow. Loeb thinks impending transactions and projects are underappreciated, and he likes TSO's shareholder-friendly management team.
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